Banks will need another €25bn - Sindo

The Sunday Business Post picks up on a similar theme and says:

Some of the 4 remaining Irish banks are unlikely to survive post-stress tests.
The Central Bank of Ireland may block Cardinal Capital from taking over EBS.

Will EBS and perhaps AIB be forced to wind down?

Allow me one prediction … it will be more than €25 billion.

AIB has no right to survive…it should serve as a warning to others in the future.

But… but… but…

Paddy “No Firesales” Honohan says No!

Leo “Not another Penny” Varadkar says No!

Jean Claude “You’re on your own lads” Trichet says No!

Now is the time for Plan D.

ah u are so cynical :smiley: they would never drip feed the scale of the losses and so leave the final figure unknown until about 10 years from now

If Nononan goes along with this it has to be the final nail in the coffin, just how much longer are people going to put up with this? Until their savings are gone?, their pension fund is gone? their job is gone? their kids are gone? their house is gone?

there must be a rule of thumb at this stage for this nonsense Actual Cost =( Lennys estimate *so far * ) *Infinity & Beyond

I think its time for ’ Plan 9 From Outer Space ’

https://www.filmjunk.com/images/weblog/plan9remake.jpg

I was sure that’s what the gubmint was doing since 2000 … Plan ZZZZZZZZZZZzzzzzzzzzzzzzzzzz.

Extortion
This is organised crime and needs action, for little baby Jesus sake this needs to be stopped. See below

Ah, you see, there’s your first problem: Ireland doesn’t do “action”.