and when the contractor goes bust who pays?
Would they be insured?
Is there no such thing as risk element to investment anymore? Or was that outlawed during the Celtic Tiger?
Another pinko Liberal. Of course there is the shareholders got fucked didn’t they?
they would have some kind of bond alright but sure that is probably tied to bank shares and hardly worth the paper it is written on. As was proved with a rake of developers ie tin pot tony’s going bust and leaving half finished estates all around the country.
Small fry
I accept your climb down
I wont pick apart any of the rest of your argument except point out that many investors like pension funds, banks and various othersovereign investment vehicles cannot invest/buy bonds in nationalised institutions, there are various regulations that forbid it. By doing what you suggest the government would have cut off their largest source of capital for the Banks from overseas. Once the guarantee was given NAMA was inevitable; no turning back now. This country is fucked from years of poor regulation, massive corruption, shit planning and the greed of Bankers investors and developers. NAMA is a symptom but will not be the cause of the country collapsing.
welcome back mate
any hope that all this negatvity is over the top & that in a few years we will be ok again?
Good to be back mate, delighted for you and Rovers; KOH.
Perhaps, or perhaps not. A lot more jobs around now alright, think things are improving slightly. IM just finished reading Fintan O Tooles book though and I am thorougly depressed at what a stupid race of people we are in the greater scheme of things; not including you or me in that grouping mate dont worry .
things defo picking up on the job front- my wife works in recruitment & has had 3 o4 offers of jobs in the last few months
Dell are back hiring goodo in Limerick too. I think they will be making a major annoucement in the coming weeks as regards moving another of their functions to here
Terminal 2 in Dublin will make a difference for fingal
As unbelievable as this may seem the following Banks are currently hiring staff Anglo, AIB, BOI, BOSI, ACC, NAMA, Financial Regulator, EBS, INBS. All contracts ranging from a week to a year; replacing permanent staff with contract makes sense but its still mental that the likes of Anglo are hiring. Even AIB and BOI have massive redundancies on the way.
Anyone who knows their stuff on the finance front would pick up a right number at the moment. Anglo are paying hefty salaries too. 5 of my colleagues have moved in the past few months.
The Limerick Tunnel opening tomorrow months ahead of schedule is just the shot in the arm the mid west has been crying out for…Huzzah!
how do they find it?
a good few anglo would have taken the redundacies so while the bank is still going I guess they have to be replaced
it will make massive difference to ye limerick people alright, ye will have the coke in Kilkee in an hour now.
You sure it will open tomorrow puke
nver have been surer about any in my life…
will go for a look wednesday
Fat puss cowen is down for the opening tomorrow.
The thing is there’s fuck all traffic on the dock road anymore.
Used to take me about 40mins to get to work now I’d be easily in in 25 mins.
It will be a big relief for the Friday evening traffic trying to pass through the city to get out the Galway road alright though.