Our little piggy ‘s gone to the market…

If things were done correctly, we shouldn’t be crossing anything….let’s see what perception of Ireland the markets have, but I trust it will be somewhat positive.

Scott
It’s my money that was used to Bail out the banks and you want an interest rate cut when those rates are on the floor. You want the State that in reality own two Banks to manipulate interest rates in your favour which would worsen their commercial position and frighten all depositors away from them overnight!
You also want to ensure that the Banks are controlled to such a degree that they won’t become profitable and I won’t get my Bail out money back.
I’ve tried to make the arguments simple enough Scott that you will understand how unlikely it would be for the Government to take your advice.

Garry, variable mortgage interest rates are not on the floor and what’s more have actually been manipulated upwards by banks in order to cover the losses being made by other products. Banks could return to profitability immediately if they had realised their losses up front as they are supposed to do but are refusing to.

Not that any of this is relevant to the topic in the article.

Garry my money was also used to bailout the banks :-)

I’d like to see the banks take a more holistic approach. There is no point in the banks driving households to the wall in the pursuit of profit and nothing else. Not much point in having ‘profitable’ banks and a destroyed society.

BTW we will never ever get back what we bailed out the likes of AIB. We will all going well get a percentage back but not the full amount.

Paul
I meant to say that interest rates are historically at an extremely low rate and there is only disaster ahead if the State starts to meddle and bring those rates down further.

Are you drunk?