LouisCribben
Registered User
- Messages
- 337
Naive question.
Why are Anglo in such a mess ? What did they do wrong to get in such a mess ?
Is it because they gave out loans which have been defaulted on ?
Do they have massive bad debts ? Or is it the future anticipation of bad debts that is the problem ?
Within Ireland, I don't see a lot of evidence about individuals defaulting on their mortgages, I'm confused why all of a sudden the banks are worth only a small fraction of what they used to be.
Are Bank of Ireland and AIB in as bad a mess as Anglo ? If not, what did they do differently to Anglo ?
Did Irish banks expose themselves to American Sub Prime loans, is this part of the reason ?
Why are Anglo in such a mess ? What did they do wrong to get in such a mess ?
Is it because they gave out loans which have been defaulted on ?
Do they have massive bad debts ? Or is it the future anticipation of bad debts that is the problem ?
Within Ireland, I don't see a lot of evidence about individuals defaulting on their mortgages, I'm confused why all of a sudden the banks are worth only a small fraction of what they used to be.
Are Bank of Ireland and AIB in as bad a mess as Anglo ? If not, what did they do differently to Anglo ?
Did Irish banks expose themselves to American Sub Prime loans, is this part of the reason ?