Even Irish Govt Can Give 100% Guarantee to Bank Deposits! Sg?

[makapaaa]

Where has our money gone? Hard not to believe that the Familee has siphoned out all of Sporns' blood and coffin money and Peesai is bankrupt in reality!

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>Oct 9, 2008
</TR><!-- headline one : start --><TR>Foreign banks now covered <!--10 min-->
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<!-- START OF : div id="storytext"-->DUBLIN (Ireland) - IRELAND has extended its guarantee of bank deposits to cover savings in five foreign-owned institutions.
Finance Minister Brian Lenihan says the guarantee covers deposits in Irish branches of Northern Ireland's Ulster Bank, British-owned First Active and Halifax Bank of Scotland, Belgium's IIB Bank and German-owned Postbank.
Last week, Ireland became the first European country to offer a comprehensive bank guarantee, granting taxpayer protection to all deposits and debts of Irish-owned banks. The sweeping deal committed Ireland to insure unlimited deposits and the interbank debts of six Dublin-based institutions totaling euro440 billion (S$881 billion) for the next two years. -- AP

 

[troubledtimes]

In a fucked up way, it might be a good thing that all the CPF money is gone. At least that will galvanise the people to kick PAP out.