Free financial security for everyone? > Forum

Forums

Subject: Free financial security for everyone?

You are not authorized to post a reply.

Author

Messages

slicedcake

Activist

Posts:296

03/10/2008 11:53 AM	Alert
Have the Irish and Greeks gone too far in "underwriting"(?) the savings *without limit*? Are we talking about protecting new accounts with hundreds of millions or even Billions of Euros? Could this almost become like a blank cheque from the tax payer? If the guarantees were called upon, it could be a horrendous cost to the taxpayer to shelter the obscene wealth of the speculators. http://news.bbc.co.uk/1/hi/business/7648750.stm http://www.belfasttelegraph.co.uk/breaking-news/world/europe/gr.html-introduces-irishstyle-bank-deposit-guarantee-13992712.html Time for some limits on the liability?

slicedcake

Activist

Posts:296

03/10/2008 1:15 PM	Alert
More on the subject... http://www.telegraph.co.uk/finance/personalfinance/savings/3122146/Warning-to-savers-opening-Irish-accounts.html

slicedcake

Activist

Posts:296

04/10/2008 2:39 AM	Alert
The Irish banks are taking new accounts from people living outside Ireland, so it isn't even just the existing money within Ireland which they might be liable for... Has the Irish government (& Greek government?) made a massive gaff or is there something in the small print which limits liability?

Inlinebusiness

First Timer

Posts:1

13/10/2008 6:39 AM	Alert
What really caused the Euro to increase its value higher, Considering the current financial situation it is really an asset. Smart Equity - mortgage Payoff, ask mortgage, live mortgage free, mortgage debt

slicedcake

Activist

Posts:296

13/10/2008 11:22 AM	Alert
Along the lines of "trust me, I'm a doctor"... "trust me, I'm an investment banker"

You are not authorized to post a reply.

Forums > General Discussion > General Discussion > Free financial security for everyone?