Tag Archives: AIB

What is best for Ireland ? Fine Gael or Labour steering the recovery ship? Cold objectivity rather than personal careerism is necessary.

The issue of importance to me is the relative size of the Labour and Fine Gael in the next Dail.

I believe that Fine Gael’s bank policy and recovery jobs policy (Richard Bruton’s website) is clearly better worked out, safer, realistic and more likely to work. I would have acted to guarantee BoI and AIB on 30 september 2008 had I been forced to make the choice at that time and in those circumstances. I thought that Labour was simply wrong then and Nothing has changed my mind. Just read Professor Honohan’s report and make up yopur own mind.


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Wasters

The government spent €7 billion of your money investing in AIB and Bank of Ireland for 25% of their shares – recapitalisation! In mid November AIB was worth €3.5 billion. Your shares were worth €875 billion – a loss of €2.625 billion. Not bad for Fianna Fail. This is the same crowd who will cut anything to save €4 billion this December. Bad government –

Fine Gael

Richard Bruton, Leo Varadkar and George Lee want to invest our money in a good bank and let AIB and BoI liquidate their bad assets themselves without you and I paying real money to keep them going and misbehaving on a grand scale.

NO MEMBER OF THE BOARD OF AN IRISH BANK INVOLVED IN APPROVING THE MAD LOANS SHOULD REMAIN.