Duke of Marmalade
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Boss I suppose we don't particularly want to re-open the debates of 6 years ago. In terms of size we could have let Fingers' crowd go under, I agree. Seanie's is not so clear, the potential domino effect on other banks is not known, I hope the bank enquiry will throw some light on this. My guess is that AIB/BoI advised Lenny that if Anglo went down they would follow.I still believe that the depositors and bondholders in the banks, especially Irish Nationwide and Anglo, should not have been bailed out.
didn't believe the few who said otherwise
...it still seems that we have made a much faster recovery than even the optimists amongst us hoped for.
PaddyPower: 3/1 an election this year. Next year Evens favourite.Leper;
Don,t be so cynical!
Reckon they will hang in as long as possible.
If things keep (improving) they will hope to get a bounch over increased employment and feel good factor.
However sending signal that Public Service pay might be somewhat restored is double-edged .
If public servants, who are a large voting block reckon Fine Gael are just massaging/playing politics , they will vote them out.
If the rest of us feel this is poorly thought out attempt to garner (buy) public servant votes ie like old Fianna Fail , we will vote them out.
What odds on an Oct 15 election?
Prof Alan Ahearne expressed it well in last week's IT oped. "Those who argued against austerity for the last six years have been proved wrong". Any chance they will admit it?
Will it stop David McWilliams telling us how he predicted it all and making more hair-brained suggestions? Not likely.
Prof Alan Ahearne expressed it well in last week's IT oped. "Those who argued against austerity for the last six years have been proved wrong". Any chance they will admit it?
So much for austerity.
The US and UK, both of whom have used QE are back past 2008 levels. The US achieved this in 2011. GDP in the Eurozone still hasn't got back to 2008 levels yet. So much for austerity.
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