Comments on: The cost of the Irish banking ‘guarantee’ http://www.keith.gs/2008/10/the-cost-of-the-irish-banking-guarantee/?nucrss=1 Philosophers only interpret the world - the point is to change it Tue, 26 Jan 2010 10:15:08 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Miike http://www.keith.gs/2008/10/the-cost-of-the-irish-banking-guarantee/comment-page-1/#comment-17 Miike Mon, 06 Oct 2008 12:08:55 +0000 http://www.keith.gs/?p=115#comment-17 My sentiments exactely Keith. The Irish tax payer is being asked to guarantee this 400bn....is this guarantee based on projected tax revenue? btw the FT100 is down 5.2% so far today My sentiments exactely Keith.
The Irish tax payer is being asked to guarantee this 400bn….is this guarantee based on projected tax revenue?
btw the FT100 is down 5.2% so far today

]]> By: fanatic http://www.keith.gs/2008/10/the-cost-of-the-irish-banking-guarantee/comment-page-1/#comment-9 fanatic Thu, 02 Oct 2008 11:00:45 +0000 http://www.keith.gs/?p=115#comment-9 Yup, Absolutely crazy stuff. We're now in the position of having guarnteed the banks borrowings with no idea of what we're going to charge them, how much we're liable for, what they're going to do with the new borrowings they take on and what they're going to do to clean up their balance sheets. I'm terrified of this. I fear the government has just put all our necks on the line. Yup, Absolutely crazy stuff.

We’re now in the position of having guarnteed the banks borrowings with no idea of what we’re going to charge them, how much we’re liable for, what they’re going to do with the new borrowings they take on and what they’re going to do to clean up their balance sheets.

I’m terrified of this. I fear the government has just put all our necks on the line.

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