State to take control of banks as fears deepen new onslaught

State to take control of banks as fears deepen new onslaught - Brendan Keenan, Michael Brennan and Maeve Dineen → independent.ie/national-news … 33031.html

Can a bankrupt state secure bankrupt banks? No it can’t!

The ECB have stopped providing liquidity to AIB, the ICB have used their full liquidity line, if AIB needs cash inside 72 hours will the IMF fund be ready then? Surely it will take a week or two for the IMF agreement to pass the Dail ?

presumably, this is where the “bank holiday” rumours will be leading to?

The ECB is proving fairly incompetent at managing a banking crisis in a small country, how can anyone have confidence in their ability to protect the euro when Spain comes under fire. How can the so-called lender of last resort stop lending in the absence of other mechanisms being in place. Are they trying to precipitate a full-blown crisis?

How did they miss the Irish banks borrowing more than a quarter of a trillion euro from the european banks to lend into property between 2004 and 2007. What exactly is their role? It can’t be stability and now it’s no longer lender of last resort. :open_mouth: