tag:blogger.com,1999:blog-8817171247555815363.post881822677775191423..comments2024-03-26T05:57:44.937+00:00Comments on True Economics: Economics 01/12/2009: Irish Banks - something stirring in the darkTrueEconomicshttp://www.blogger.com/profile/07350536454228478974noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8817171247555815363.post-87778571287310278672009-12-01T20:19:31.191+00:002009-12-01T20:19:31.191+00:00Could they be exposed here?
Great Blog by the way...Could they be exposed <a href="http://www.zerohedge.com/article/fed-facing-margin-calls-european-banks" rel="nofollow" rel="nofollow">here?</a><br /><br />Great Blog by the way.Fearganainimnoreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-44883322171115985102009-12-01T16:29:44.631+00:002009-12-01T16:29:44.631+00:00Dont forget that a significant chunk of the bank d...Dont forget that a significant chunk of the bank deposits were/are either cross depoits from the other banks or deposits from the gov/central bank. Unwind those depoits to 2005 levels and all bank are in an even worse position than currently stated. In Anglos case 30 billion worse if my memory is correct.jmcnoreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-53700251961812223722009-12-01T10:57:15.383+00:002009-12-01T10:57:15.383+00:00Thanks for sharing with us.Your blog is very infor...Thanks for sharing with us.Your blog is very informative.keep posting.. <a href="http://www.businesscapitalloans.com" rel="nofollow" rel="nofollow">capital loans</a>capital loanshttp://www.businesscapitalloans.comnoreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-21677037415980806992009-12-01T09:48:48.363+00:002009-12-01T09:48:48.363+00:00Both banks came out earlier this year saying they ...Both banks came out earlier this year saying they expected the discount to be around 20% and that only reckless banks like Angelo & Fingersbank would pay 30% (implied in their statements anyway). I believe BoI came out with it first and then AIB, but it may have been the other way around.<br /><br />It was these statements as to likely dilution levels that provided a goose to their share prices in Q3.<br /><br />That they are now saying 30% is a significant change. As you say, others have been saying it is unlikely that they have better quality loan books than the rest of the banks. So it should not come as a surprise. The fact that it does probably says more about who bought shares.<br /><br />Bloomberg - BoI saying discount significantly less than 30%:<br />http://www.thepropertypin.com/viewtopic.php?p=300116#p300116<br />(17 Sep)<br /><br />AIB:<br />http://www.thepropertypin.com/viewtopic.php?p=300200#p300200yoganmahewhttps://www.blogger.com/profile/05842828084271278683noreply@blogger.com