We need to place figure on the Bank Bailout.

The liabilities arising following the setting up of NAMA and the Government funding of the Banks should be ring fenced and funded by a specific set of revenue streams.These might include include:

• Bank levies and interest payments
• Pension reserve funding
• Possible NAMA profits
• Specific taxation measures
• Sale of shared in funded banks
• International recovery bonds

If we do this, at least we can see a start point ,a middle and an end game.Just to lump this mess in with our National Debt will be soul destroying.By ring fencing these horrendous losses at least we can stop guessing and start looking forward.So we need to place a figure on the losses.Maybe it's 30 BILLION

It is what it is and all we can do is make sure it never happens again and get on with it.

In regard to taxation we would be inclined to ring fence the following to help cover these losses:

• Property taxation
• A special capital acquisition tax levy
• Profits on disposal of state companies

If you have any thoughts on this article please .get_in_touch