A serious question

[Westsidex]

How the fuck could a bank like AIB make a loss of 2.6 billion? I mean how the hell could they have even managed that?

an excuse for more money?
Westside.

[rover]

How the fuck could a bank like AIB make a loss of 2.6 billion? I mean how the hell could they have even managed that?

an excuse for more money?
Westside.

The board of directors were regular E-I punters, I reckon their dicks would have been mighty sore after riding away 2.6 billion.

[Krankl]

Don't you worry, I am sure the government are getting ready to use some more "tax payers" money to help the poor and damned bankers.

[Youngfun]

in banking terms its not alot.
alot on devaluation of the morage market as opposed to actually lose
and of course the badly managed pensions they manage(-30% worst in europe).

they own a very profitable bank in poland.

check there profits for the last ten years alone.

[nicegirlsarenice]

You know how the banks own and rob from and shit on the government and the government then own and rob from the people? Maybe there are interests or corperations abroad that own and rob from the Irish banks.

[BoldnIrish]

Agreed. You could emply ten staff to burn money and they could not get through €50 notes worth 2.6bn in a year! Nevertheless, much of the loss will be returned in the form of NAMA ie. tax payer contributions to sustain corporate banking profitability. So, do you really think they were going to release details of a profit or god forbid, breakeven?! What do you think Bernanke would have done? Anything different?

[experienced punter]

First we bail them out for making a bollicks of the boom by setting up NAMA to take billions of euro of dodgy loans bending over backwards to satisfy greedy parasites giving them 6Billion of OUR money now they want MORE They won't lend now to ordinary folk small businesses drop rates to people who have deposits upped charges on loans/overdrafts & are now putting up mortgages again
In the coming weeks AIB aims to transfer 23BILLION of bad loans to NAMA hoping it will allow it to start trading normally again! the whole thing is beyond Criminal ...

[Mousey]

Yeah yeah, we're all great at moaning...

[luther]

How the fuck could a bank like AIB make a loss of 2.6 billion? I mean how the hell could they have even managed that?

an excuse for more money?
Westside.

Devaluation............the bubble burst..........

Simple terms............

A guy gets a loan for €1m to buy a house, he can't make the repayments and the house is now worth €500,000.......

It the bank re posess the house they how have a €1m loan on a house worth €500,000............

There's half a million smachers gone straight away..........

[luther]

Nevertheless, much of the loss will be returned in the form of NAMA

In your dreams............

Please insert one of these............................after statements like that........

Yeah yeah, we're all great at moaning...

Tee hee hee..........