tag:blogger.com,1999:blog-8817171247555815363.post5497119337429516957..comments2024-03-26T05:57:44.937+00:00Comments on True Economics: Economics 15/02/2010: Bank of Ireland ethical dilemmaTrueEconomicshttp://www.blogger.com/profile/07350536454228478974noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8817171247555815363.post-34966919779077477602010-02-15T23:19:21.693+00:002010-02-15T23:19:21.693+00:00The expected non payment of dividends on this grea...The expected non payment of dividends on this great investment deal the Irish taxpayer was getting a few months ago will surprise no one. It just goes to show you what amateurs the gang that did the Northern Bank Robbery a few years ago were. There would be an M-50 type traffic jam if all the cash were physically loaded onto vans and driven out of the central bank...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-9384308732670550492010-02-15T13:54:48.725+00:002010-02-15T13:54:48.725+00:00Yes, Patrick, except:
- I would estimate post-Nama...Yes, Patrick, except:<br />- I would estimate post-Nama recapitalization costs of 10-12 billion, plus Nama own losses of at least 10 billion, adding cost to date - 11 billion, you have total net loss from Nama to the economy of 31-33 billion; and<br />- 240 million foregone is significant only in terms of the symbolism - if it is unpaid, or pushed back until better times, the entire argument that 7 billion pumped last year into AIB and BofI was 'investment' and that the Exchequer was acting in the best interest of taxpayers is a sham.TrueEconomicshttps://www.blogger.com/profile/07350536454228478974noreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-82957002081261474462010-02-15T13:38:53.449+00:002010-02-15T13:38:53.449+00:00€240 million in unpaid dividends is irrelevant
whe...€240 million in unpaid dividends is irrelevant<br />when you consider the reality that the taxpayer<br />will lose €10.2bn under the NAMA "project".patrick1978https://www.blogger.com/profile/09173078693875805958noreply@blogger.com