So, we’re all in it together eh? Yeah, okay.

Good Christmas for them so >……….

Good Christmas for them so …………..

Any chance of Mr Noonan scrapping plans to burn the Irish taxpayer on budget day ?

Noonan needs to stop making these stupid statements about what he is “considering” doing to the banks or bondholders when he has no intention of following through on them. It makes him look like an even bigger bluffer than he already is. If that’s possible.

It’s funny, someone did those numbers for boi which said they passed stress tests, I’m assuming it was either boi staff, government, eu or another bank that did the numbers. Ultimately all mentioned parties have almost consistently proven to be border line incompetent… Yet with each new prediction we decide what they say is correct…

sounds like a reaction to shane ross’s attack two weeks ago or so where enda kenny was left red faced as to why they didnt buy back the bonds when everyone assumed ireland would default yet the government knew ireland would not

they probably got a tiny amount at 33% and the remainder at 92% – this sort of thing should be investigated with an FOI request please

Amazing how quickly money can be found when there’s a threat to bondholders…

I’m sure that this is unrelated to yesterday’s news that BoI bondholders were seeking debt-for-equity swap deal to avoid forced losses. They threatened legal action if the minister continued with his plans to burn them.
(http://www.irishtimes.com/newspaper/finance/2011/1202/1224308468998.html)

Noonan should try representing the people who voted him in. At least once!

I think the media in Ireland is wrong to put Bank of Ireland in the same basket as other Irish banks, such as Anglo and AIB, when it comes to taxpayer support. The reality is the the current net cash put into the Bank of Ireland by the State stands at €3.1 billion (a small part of the overall €65 billion) and it, being mostly in the form of interest paying preference shares and convertible bonds, gives the taxpayer an annual return of 9.2% which is much more than the interest rate being paid on the EU bailout funding. The taxpayer also has the potential to benefit from equity returns due to its 15% shareholding. So the Irish State has actually made a rather good investment in Bank of Ireland and not one people should be complained about. There is a good analysis of this ann explanation a http://tinyurl/slosubmission