tag:blogger.com,1999:blog-8817171247555815363.post7095197420655530827..comments2024-03-26T05:57:44.937+00:00Comments on True Economics: Economics 16/9/10: One sick pup lifts one earTrueEconomicshttp://www.blogger.com/profile/07350536454228478974noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8817171247555815363.post-16941779649648412062010-09-17T10:06:07.116+01:002010-09-17T10:06:07.116+01:00The funniest thing is that banks who were managed ...The funniest thing is that banks who were managed well during the boom are on a buying spree at the moment and have very good credit ratings. No foreign bank will (nor would they be allowed to) buy AIB or BofI. So the choice is either failure or taxpayer cash and we know the choice....incompetent bank management replaced by Irish political management....reminds me of the film "Dumb and Dumberer"Unknownhttps://www.blogger.com/profile/15221662227888883753noreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-6836603207178243162010-09-16T23:03:56.280+01:002010-09-16T23:03:56.280+01:00Yes, the logic of selling off revenue generating a...Yes, the logic of selling off revenue generating and profitable divisions abroad in order to "retrench" back to Ireland does not make sense in the long run.<br />AIB is selling foreign assets to satisfy a short term goal and that goal is to minimise recapitalisation.<br />But what are AIB going to do to try to generate profits going forwards? Screw the Irish citizen who banks with them?ottogunschehttps://www.blogger.com/profile/02121421997468062531noreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-83315667705693368532010-09-16T23:03:29.972+01:002010-09-16T23:03:29.972+01:00Yes, the logic of selling off revenue generating a...Yes, the logic of selling off revenue generating and profitable divisions abroad in order to "retrench" back to Ireland does not make sense in the long run.<br />AIB is selling foreign assets to satisfy a short term goal and that goal is to minimise recapitalisation.<br />But what are AIB going to do to try to generate profits going forwards? Screw the Irish citizen who banks with them?ottogunschehttps://www.blogger.com/profile/02121421997468062531noreply@blogger.com