It’s a shame how Kenny is carrying on the same policy as his predecessors.

And RBS would have expected (and instructed) their management team in the Irish operation to report the same or better results to the local competition.

They, like we, did it to stop a run on the banks. Had we not, everybody would have lost their savings and we’d be unable to borrow.

Not true. Fianna Fail had the opportunity to skip the blanket guarantee but chose not to do so. In the early months of 2008, Fianna Fail were warned by experts of the impending situation and advised against a blanket guarantee. However, Fianna Fail did the opposite (against the advice of the experts). Worse still, they nationalized Anglo Irish Bank in 2009. They also committed to paying un-secured & un-guaranteed bondholders full face value.

There was no such threat of capital flight as you put it – FF could’ve simply guaranteed deposits. Nobody would’ve lost their savings if the correct guarantee was done. However, the Irish people continued to vote for such politicians by electing a similar government in 2011 who is still paying Anglo Irish Bank’s legacy. However, the role model is Iceland whose unemployment rate is now half our rate. The Icelandic economy has made a remarkable comeback. I’m amazed how some still believe the “too big to fail” propaganda by politicians.

Dead Right – this was celand approach – taken from Jeff Neilsons article on Znet .

”What was Iceland’s approach? To do the exact opposite of everything the bankers running our own economies told us to do. The bankers (naturally) told us that we needed to bail out the criminal Big Banks, at taxpayer expense (they were Too Big To Fail). Iceland gave the banksters nothing.

The bankers told us that no amount of suffering (for the Little People) was too great in order to make sure that the Bond Parasites got paid at 100 cents on the dollar. Iceland told the Bond Parasites they would get what was left over, after the people had been taken care of (by their own government).

The bankers told us that our governments could no longer afford the same education, health care and pension systems which our parents had taken for granted. Iceland told the bankers that what the country could no longer afford was to continue to be blood-sucked by the worst financial criminals in the history of our species. Now, after three-plus years of this absolute dichotomy in economic policymaking, a clear picture has emerged (despite the best efforts of the propaganda machine to hide the truth).

In typical fashion, the moment that the Corporate Media is forced to admit that it has been serially misinforming us for the past several years; the Revisionists are immediately deployed to rewrite history, as shown in this Bloomberg Businessweek excerpt:

…the island’s approach to its rescue led to a “surprisingly” strong recovery, the International Monetary Fund’s mission chief to the country said.”

Do people make any connection between the bank guarantees and the way they vote?

Well they didn’t do it out of the goodness of their hearts…

So you would gave preferred they just let them collapse creating greater unemployment and burden on the already streached tax payer.
We already pay nearly 20billion interest on a 30billion bailout to the eu which is fine..?

Yes a banking collapse would have been preferable

No. But you suggested we should be appreciative in some way. I was merely saying they acted out of self interest.

RBS pulled out of Ireland, they didn’t bail anything out, they took a gamble and lost. This is simply paying back debt to other banks so they could keep trading. This is not a bailout of Irish banks, it’s a bailout of an English bank operating in Ireland at a loss. The socialization of corporate debt. To protect German, French and other English banks. It’s lazy and sloppy reporting.

It was BoS who pulled out of Ireland. RBS are still here through Ulster Bank.

Goes some way to making up for 800 years of oppression…..

“State-owned British banks ‘bailed out Irish ones by €16bn”???
More lies.
These conmen should be jailed for their part in destroying our country with their
100%, Interest only,reckless/criminal lending.
their 100 million euro loans to their developer golfing buddies,
not to mention screwing their customers with overinflated knee jerk interest rate rises trying to compensate themselves for their reckless gambling,
whist at the same time pushing their customers/victims into a convenient distressed/arrears/repossession situation.
So as they can shut shop and desert their loyal Irish customers.
All with the support of our bought out stoogeen government.
Criminals.

And there’s a few others mainland European reckless gamblers that should be in a cell.
What about ACC,KBC and Danske???
Snout nosed Schiesters!!