Irish to shrink, merge banks as part ...

Irish to shrink, merge banks as part of bailout

There are 43 comments on the The Plain Dealer story from Nov 22, 2010, titled Irish to shrink, merge banks as part of bailout. In it, The Plain Dealer reports that:

Ireland's banks will be pruned down, merged or sold as part of a massive EU-IMF bailout taking shape, the government said Monday as a shellshocked nation came to grips with its failure to protect and revive its banks.

Join the discussion below, or Read more at The Plain Dealer.

First Prev
of 3
Next Last

“Truth to Power!”

Since: Apr 07

Raleigh, NC

#1 Nov 22, 2010
This is where the US is heading with Obama driving us over the cliff.

“Truth to Power!”

Since: Apr 07

Raleigh, NC

#2 Nov 22, 2010
Obama refuses to listen, doubling down on "Progressive agenda"

Does President Obama plan to move to the center in response to his overwhelming rejection at the polls on November 2nd?

No way!

Instead, he is moving to implement, through executive action, two of the most controversial items in his 2010 agenda -- a carbon tax and pollution permit system and a ban on the use of secret ballots in union elections. Through executive action by the Environmental Protection Administration (EPA) and the National Labor Relations Board (NLRB), the Obama Administration is planning to effectuate both policies without asking Congress.

Never mind that he couldn't persuade even a top heavy Democratic Congress to pass either program. Or that public opinion polls show massive rejection of both measures. Or that each is a sure job killer by itself -- and together, they are even worse. This arrogant, ideologically-driven radical is determined to have his way and the public be damned!

The EPA is currently soliciting public comments for its plan to use the Clean Air Act of 1970 to regulate carbon dioxide emissions. The Clean Air Act, as the name indicates, is designed to fight against pollution -- unhealthy chemicals that are belched into the air by smokestacks. It was passed to fight sulfur dioxide, particulates, nitrous oxides and other chemicals that cause human diseases. To use it to fight carbon dioxide -- which we all breathe without ill effects -- because of concerns about global warming -- is a perversion of the law.

Worse, because the Clean Air Act is designed to protect public health by measuring aggregate pollution in each geographic area, it limits economic development in communities where the pollution levels exceed prescribed standards. But carbon dioxide doesn't poison anyone. It makes no sense to ban factory expansion in areas where the nature of the industries is that there will be high carbon dioxide levels (like oil area of Texas and Louisiana). But that's what the EPA plans to do, virtually making economic growth illegal in large parts of the United States.

Meanwhile, Craig Becker, the former chief counsel of the SEIU (Service Employees International Union)-- now the head of the NLRB -- has secured a 3-2 majority party line majority to repeal the Dana decision which mandates secret ballots in unionization elections. The NLRB will rule that if a majority of workers check off that they want a union on cards then the union will automatically be approved without a secret ballot vote of the entire workforce.

Currently, if a majority of the workers sign the cards, a secret ballot vote is then triggered. Frequently, the union loses these elections, proving that the card check off is subject to coercion and bullying. The Democratic majority in the Senate wouldn't approve the card check change so the NLRB is planning to accomplish the same objective administratively, trapping workers into unionization they would reject if afforded the opportunity to vote by secret ballot.

Both the pollution permit/carbon tax and the forced unionization proposals will be job killers. The U.S. has maintained its 25% share of global manufacturing by replacing workers with energy driven machines. In the past ten years, the number of manufacturing employees has declined by 33% but our production has risen by 50%. But automation takes energy -- lots of it -- by taxing energy, we are eliminating the strategy that has preserved our jobs. And massive unionization of the private sector will also drive out our jobs. Since 1990, unionized manufacturing jobs have declined by 75%. But non-union manufacturing jobs have actually risen over the same period by 15%.

http://www.dickmorris.com/blog/obama-using-ex...

“Truth to Power!”

Since: Apr 07

Raleigh, NC

#3 Nov 22, 2010
Under the Maggot Obama's direction, MORE banks are Too Big to Fail than ever before.

What a piece of Filth!

It's a GREAT DAY to Impeach the Maggot!

Since: Jan 07

United States

#5 Nov 22, 2010
I saw the footage of the Irish rioting in Dublin. Over a year ago, their government was attempting to add property taxes to their VAT which was about 17% at the time. The deal with VAT was that it was supposed to be in lieu of property taxes. There were petitions in every B&B where we stayed, as well as pubs and restaurants. This has been coming for awhile, now.

I've read that some of this could have been avoided if the Irish, like the Brits, had retained their own monetary unit instead of adopting the euro. This may or may not be true, but it does give one pause when proponents of global governance and "new world order" get on their soap boxes.

The spectre of bankruptcy is looming closer and closer to us. A hop over the pond and here it is.
HeadCheese

Kansas City, MO

#6 Nov 22, 2010
The laughing liberal wrote:
Under the Maggot Obama's direction, MORE banks are Too Big to Fail than ever before.
What a piece of Filth!
It's a GREAT DAY to Impeach the Maggot!
You're an idiot. This is where Obama had to bail you repubs out after giving Goldman Sachs close to a trillion dollars with NO OVERSIGHT.

Luckily, we made it pass that stage. GM is back on top and paying back the funds. Banks are repaying the taxpayer also.

You repubs and Bush demanded no repayment. Goldman ran all the way to the bank, lol and giving out bonuses with the repub give-away to Wall Street.

Face it idiot, you're behind. we're recovering, no matter how much you're pulling against it.

Remember you post from before......
The laughing liberal wrote:
Guess who Doesn't Get Broken Up?
- Banks deemed Too Big To Fail.
Talk about a structural failure of this Bill!!!!! IDIOTS!
All this while 100's of small Banks are Failing.
You actually want the Feds to step in and declare some backs should be dismantled. Your such a marxist...yet you think you're not.

You love big gov. We don't. Go away. Even your tea-party hero's would not agree with the amount of power you want to give to the Feds.
AntiMelting

Buffalo, MN

#7 Nov 22, 2010
Better hedge your investments with potatoes.
Green Tooth

United States

#8 Nov 22, 2010
I wonder how much money the IMF will want from the fake POTUS???
Lance Winslow

United States

#9 Nov 22, 2010
No Child Left wrote:
I saw the footage of the Irish rioting in Dublin. Over a year ago, their government was attempting to add property taxes to their VAT which was about 17% at the time. The deal with VAT was that it was supposed to be in lieu of property taxes. There were petitions in every B&B where we stayed, as well as pubs and restaurants. This has been coming for awhile, now.
I've read that some of this could have been avoided if the Irish, like the Brits, had retained their own monetary unit instead of adopting the euro. This may or may not be true, but it does give one pause when proponents of global governance and "new world order" get on their soap boxes.
The spectre of bankruptcy is looming closer and closer to us. A hop over the pond and here it is.
A fundamental cause of the Irish crisis is tax free status or extremely low tax rates on corporations. They are learning what we learned with the Reaganomics trickle-down fiasco.
HeadCheese

Kansas City, MO

#10 Nov 22, 2010
Lance Winslow wrote:
<quoted text>A fundamental cause of the Irish crisis is tax free status or extremely low tax rates on corporations. They are learning what we learned with the Reaganomics trickle-down fiasco.
Amen, trickle-down is the same as the repubs saying "we pizz on you while we look out for the wealthiest".
HeadCheese

Kansas City, MO

#11 Nov 22, 2010
The laughing liberal wrote:
Under the Maggot Obama's direction, MORE banks are Too Big to Fail than ever before.
What a piece of Filth!
It's a GREAT DAY to Impeach the Maggot!
Name one repub or libertarian who supports your call for the Feds to be able to break up companies who the FEDS deem to big to fail.

Please, tell us about your demands. Tell us the logical extension of your Tea-Party or Repub parties(whichever)means giving the Feds the power to dismantle financial orgs too large to fail, then dismantling those entities.

You want to give the Feds more power...yet you scream for less.

You're clueless.
River Veteran

Lithonia, GA

#12 Nov 22, 2010
HeadCheese wrote:
<quoted text>
You're an idiot. This is where Obama had to bail you repubs out after giving Goldman Sachs close to a trillion dollars with NO OVERSIGHT.
Luckily, we made it pass that stage. GM is back on top and paying back the funds. Banks are repaying the taxpayer also.
You repubs and Bush demanded no repayment. Goldman ran all the way to the bank, lol and giving out bonuses with the repub give-away to Wall Street.
Face it idiot, you're behind. we're recovering, no matter how much you're pulling against it.
Remember you post from before......
<quoted text>
You actually want the Feds to step in and declare some backs should be dismantled. Your such a marxist...yet you think you're not.
You love big gov. We don't. Go away. Even your tea-party hero's would not agree with the amount of power you want to give to the Feds.
LMAO…seems YOU’RE the IDIOT here. Obama didn’t BAIL OUT repubs… It was a “PAY BACK” for him you MORON!

Of his top twenty election investors, fully eight are securities and investment firms:

Goldman Sachs was #1….thenLehman Bros, J.P. Morgan Chase and Co, Citadel Investment Group, UBS AG, UBS-America, Morgan Stanley, and Credit Suisse Group.

BTW…Dems Controlled the HOUSE and SENATE and are responsible for there NOT being any oversight…but hey, don’t let FACTS confuse you.

Since you are wanting OVERSIGHT….it’s funny (yet typical) that you FAIL to mention the 5 times Repubs tried for oversight on Fannie Mae and Freddie and the Dems (Pickle smooching Barney Frank and others) stopped it. You’re just a typical liberal HYPOCRITE!

GM…”back on top and paying back the money”..BWAAA HA HA HA HA HA… you really are a Kool Aid drinking FOOL.

GM paid back only $6b of the $49b that it got by using additional borrowed money to pay back borrowed money.... not from selling cars. Did you get that?????

GM is using government money to pay back government money to get more government money…uuummm like using a credit card to pay off another credit card. http://reason.com/archives/2010/04/27/gms-pho...

BONUSES….BONUSES…..BWAAA HA HA HA…here you go again…being an UNINFORMED Hypocritical IDIOT. Sen. Chris Dodd inserted language into the stimulus bill allowing $165 million in bonuses!!! OUCH!

Speaking of DODD…… He also wrote a financial reform bill but forgets to regulate derivatives,“financial weapons of mass destruction.” Hhhmmmm why would he do that? Then we find out that his wife works for the owners of two exchanges that will very likely benefit from Dodd’s “reform” legislation…typical Dem Crook!

You're just the typical liberal fool posting/bleeting like a sheep with your spoon fed, pre-digested, opinionated talking points that are not backed up with anything, let alone facts!

Suck to be you:-)
River Veteran

Lithonia, GA

#13 Nov 22, 2010
HeadCheese wrote:
<quoted text>
Amen, trickle-down is the same as the repubs saying "we pizz on you while we look out for the wealthiest".
LMAO…it’s like you saying that you’re an unsuccessful, loser that is jealous of others and want to steal what they have earned.
River Veteran

Lithonia, GA

#14 Nov 22, 2010
Lance Winslow wrote:
<quoted text>A fundamental cause of the Irish crisis is tax free status or extremely low tax rates on corporations. They are learning what we learned with the Reaganomics trickle-down fiasco.
LMAO... you must have got those talking points off MSNBC, DailyKos or MoveOn.org ...funny!

Seems you don't know much about economics, money and especially why Irish Banks are in bad shape. This is written in terms that you might be able to understand....and guess what, it has pictures and graphs for you to follow to:-) http://www.cato-at-liberty.org/dont-blame-ire...
Clyde

Round Top, TX

#15 Nov 22, 2010
The dominos are beginning to fall in the Eurozone. The “PIGS”(Portugal, Ireland, Greece, and Spain) are pulling down the rest of the European Union. First Greece and now Ireland needs a bailout. If Portugal and Spain requires a bailout, the Euro currency will be on life support. If Italy falls, then the whole European Union will dissolve to save their own economy. Germany has been the big money lender, but the Germans public are beginning to think that they’re just throwing away their money. The collapse of the euro will have a worldwide domino effect and will slowdown the global economy.

Lights are dimming for the euro
http://www.theaustralian.com.au/news/features...

How Germany could come to kill the euro
http://www.ft.com/cms/s/0/85b62490-f66e-11df-...
TEA Partiers R scumbags

Chicago, IL

#16 Nov 22, 2010
Ahh yes. For the last few years TEA Party Conservatives demanded Liberals take note of the Celtic Tiger. Lower taxes and de-regulate and America will see unimpeded growth as far as the eye can see much like the success story that is Ireland, they would crowe. Just another example of the failure of the Conservative philosophy when put into practice.

Since: May 08

Deltona Fla

#17 Nov 22, 2010
I didn't know the Bush's were involved with Irish banks.
HeadCheese

Kansas City, MO

#18 Nov 22, 2010
River Veteran wrote:
<quoted text>
LMAO…seems YOU’RE the IDIOT here. Obama didn’t BAIL OUT repubs… It was a “PAY BACK” for him you MORON!
...
"First of all, I don't see America having problems."
--George W. Bush, interview with Bob Costas at the 2008 Olympics, Beijing, China, Aug. 10, 2008

I've abandoned free market principles to save the free market system."
--George W. Bush, Washington, D.C., Dec. 16, 2008

"In terms of the economy, look, I inherited a recession, I am ending on a recession."
--George W. Bush, Washington, D.C., Jan. 12, 2009

Head out of the sand Bush fan. How little you remember...

Former President George Bush told NBC News in an interview airing Monday that he believes TARP funds used to bail out Wall Street banks in 2008 "saved the economy" and that he would “absolutely” do it again today, if presented with the same problem.“The idea of spending taxpayer money to give to Wall Street banks to save them—a lot of people think they created the crisis in the first place—so I can understand the angst [of the American people],” said Bush.

Bush signed TARP into law in the waning days his presidency in October 2008.

Facts are facts...idiot. Try to keep them in line.
HeadCheese

Kansas City, MO

#19 Nov 22, 2010
never trust a Bush supporter who starts off every post with "LMAO...". You know they are lying already.

One of those sh1t eating grins, I bet.

oh yeah..forgot to say LMAO....
GEORGE SOROS

Washington, DC

#20 Nov 22, 2010
HeadCheese wrote:
<quoted text>
You're an idiot. This is where Obama had to bail you repubs out after giving Goldman Sachs close to a trillion dollars with NO OVERSIGHT.
Luckily, we made it pass that stage. GM is back on top and paying back the funds. Banks are repaying the taxpayer also.
You repubs and Bush demanded no repayment. Goldman ran all the way to the bank, lol and giving out bonuses with the repub give-away to Wall Street.
Face it idiot, you're behind. we're recovering, no matter how much you're pulling against it.
Remember you post from before......
<quoted text>
You actually want the Feds to step in and declare some backs should be dismantled. Your such a marxist...yet you think you're not.
You love big gov. We don't. Go away. Even your tea-party hero's would not agree with the amount of power you want to give to the Feds.
Dumbazz! Goldman sachs CEO's are running the treasury dept. Obama gave them the tillions. Obama rewarded them for the scam that thefucking puke democrats in congress let happen. WiseThe fuckup before you speak aboutShit you don't even know the facts about. Look at your dumbocrats and you will see they did this! GodDamnYouPeople!
Retarded Liberals

Washington, DC

#21 Nov 22, 2010
TEA Partiers R scumbags wrote:
Ahh yes. For the last few years TEA Party Conservatives demanded Liberals take note of the Celtic Tiger. Lower taxes and de-regulate and America will see unimpeded growth as far as the eye can see much like the success story that is Ireland, they would crowe. Just another example of the failure of the Conservative philosophy when put into practice.
You don't know anything. Another uneducated, poor unempolyed freeloader. Ha! Stay poor,stupid,and in the minority hahahahahahahahahahahahahahaha

Tell me when this thread is updated:

Subscribe Now Add to my Tracker
First Prev
of 3
Next Last

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Fianna Fail Discussions

Title Updated Last By Comments
News Martin accuses Sinn Fein of undermining 1916 Ri... (Apr '15) May '15 Trevor 5
News Sinn Fein sees 'progressive alliance' with Labour (Feb '14) Feb '14 John 1
News Nationalist archive (Nov '13) Nov '13 Tyler 1
News Fianna Fail slams Thatcher parties (Apr '13) Apr '13 puddle 2
News DUP-Sinn Fein - put party interests first' (Oct '12) Nov '12 Dubbadub 6
News One After Another, European Leaders Get The Boot (Apr '12) Apr '12 agfds 2
News Michael D. Higgins favored to win Irish preside... (Oct '11) Dec '11 Donker 44
More from around the web