Why are people surprised? We’ve been set on this path ever since Lenihan opted to try and put a false floor on their losses and keep the zombie banks in their undead state.

Surprise, surprise, the commercial bankers (who got us into the trouble in the first place), don’t agree with the Central Bankers, that they are not helping small businesses and by extension the economy recover. A bit like doctors disagreeing and patients dying me thinks.

Hmmm who to believe? The IBF or the CB? What a choice…..

Must admit had a bit of a laugh this morning when I heard Pat going on about ‘professional standards’.

How can one reject the findings of a report one hasn’t even read?

I’m hearing quite often in cases where loans are “approved” ridiculous conditions are attached. Eg after a lengthy process the bank approves loan of €50k to a new business on condition that the business come up with another €60k itself and lodges that into their account prior to granting the loan. The bank knows the business obviously can’t do this and the business will never take the loan. End result is the banks can now claim they are approving loans to beat the band. The stats they make public show how many loans they “approve” not how many are actually granted.

All banks are happy to loan you money you just need to show them that you don’t need it first.

Will the government please wake up and DO SOMETHING ABOUT THIS! The Irish banks or should i say our ‘pretend banks’ are strangling good business with their charges and rack rates of 6% – 7 % even if you do get approved. Business and consumers are paying on the double, taxes to bail them out and rack rates to fatten their balance sheet.

But I thought we bailed out the banks to allow credit to flow back into businesses ?

Is anybody really surprised by this? Had FF acted in the best interests of our nation instead of their golden circle friends we could have prevented a lot of the chaos that has ensued, and saved most of the jobs lost as well. The funding and infrastructure was there to set up a national bank which culd have loaned money to SMEs, but instead billions are given to bankers, the worst type of people, with an expectation that they would act like the best type of people. They didnt, and a lot of innocent people have paid the price for thir treasonous greed.

They should have been let go to the wall. The money that has been put in ‘to save them’ could have been used to fund a new bank run by Irish people for the national interest outside of political appointment – perhaps elected directly.
It would have been messy for a while but it would have rid us of an element of society which uses that society for ill-gotten gain. With little or no accountability. With recent resource discoveries we’d have been in a pretty good position looking forward instead of the mire we are currently in. We know the cost of what happened (roughly) in terms of money. The true impact of it on the country will only be measured over the coming few decades.
A social structure which has a ‘too big to fail’ mentality when it comes to people in privileged positions can’t last and has little or no inherent worth beyond the very short term. If you snooze you lose – if you drive your business to the edge and it goes bust, well, that’s the nature of business. The disparity here is small and medium business are going to the wall here in Ireland at an astonishing rate while wholly bankrupted business and people who got in to big and failed are paid for that privilege. And you can bet your life when ‘cheap’ money becomes available again it will be them that benefit the most.

Banking federation states, “I reject your reality and insert my own.”

And why we’re we paying for this lot again?

And why we’re we paying for this lot again?

The “Irish” banks are owned or have the Irish Government as their major shareholder, yet still after all these years, they have or refuse to exert any influence.

Is there any politician in this country with a proper set of balls ?

Ah the beauty of nationalisation!

And why are we paying for this again???

I think we all know it, the banks know it even the dogs in the street know that the banks aren’t really lending, still the banks lie and try and pull the wool over our eyes, like so so many during this current climate economic downturn recession they haven’t learned a thing.

.

dem lads never give moneys neway lik?? hav asked for 5 loans n da last yaer and avent got one said ye lik, usualy cause i have no work sur but how we ment to have jobs withot money lik?????? spass

Is this the same Pat Farrell http://kathleenbarrington.blogspot.ie/2011/02/bowing-to-bankers.html?m=1