As Irish Financial System Collapses, We Present Goldman's Recent Thoughts On Bank Of Ireland

Tyler Durden's picture

Take one look at Bank of Ireland stock this morning. Then read the following October 4 report on BOI from Goldman Sachs, and please join us in extended our congratulations to Goldman analyst Pawel Dziedzic who has joined the prestigious ranks of Cramer and Dick Bove of telling those who care to buy a bank days or weeks ahead of its bankruptcy.

And the stunning price target (no, there is no missing decimal comma or two.)



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doomandbloom's picture

Time to join the US Govt, Pawel...u seem qualified.

PolishHammer's picture

They are grooming him to be the next chair of the NY Fed

HarnyWanger's picture

I didn't actually read any of this, but come on! How can you not make money in this environment? This is just another greenlight.

economessed's picture

Lose 30 lbs. by just taking a pill, look 20 years younger by just eating this green superfood, increase your intelligence by 15% just by watching this next video, have women fall all over you by just wearing this cologne and make money in the stock market just by buying stuff through your e-trade account.'s easy in America.  Prosperity is an entitlement.

Al Huxley's picture

'Harny Wanger' - good one!  But you might want to add a <sarcasm> tag,  otherwise its easy to mistake you for the real Harry Wanger

BobPaulson's picture

That was a double take for me too. With the flag icon, I just assumed it was our favorite troll. Too funny Harny!

cosmictrainwreck's picture

yeah, the lead-in a perfect set-up "I didn't actually read...."

jus_lite_reading's picture

I expect something like this from HairyWang but from a GOLDMAN ANALYST?? Come on!


Who else besides HairyWang thinks everything is dandy-- or wait! Maybe HairyWang is shitting us and he is a PLANT!

tmosley's picture

Lol, hi Harny.  How's it going?  

Johrny Bravo's picture

Corpy cart!

The real Wanger hasn't had a loosing trade ever since he started posting on the internet!

Buried canned ham in the back yard and Goled to $200 Bitchez !!!

bluehorsesandal's picture

The entire developed banking system is completely bankrupt but the 'system' keeps pushing it. The game is so obvious that i really don't understand why people still get into this trap.

Arius's picture


lets just say addiction....

emsolý's picture

but...he will still get a bonus, right? i mean, this could have happened to any of us. some things you just don't see coming.

reload's picture

His bonus will no doubt be HUGE. After all, this note will have enabled them to take the other side of the trade in size..........same as ever.

bobola's picture

Whch means they probably shorted it, right.

Don't see why that would be a big surprise.

After all, you are talking about a banker's suggestion.

Careless Whisper's picture

that's right. if anyone is stupid enough to listen to goldman, then they get what they deserve. goldman makes 70% of its profit from trading, yet people still refer to them as an investment bank. when was the last time they actually raised capital for a business? they're really a hedge fund.

Seymour Butt's picture

The vampire squid always win. 

MeTarzanUjane's picture

Your goldman coverage is getting mixed reviews by the ZHeeple.

I think they feel apathy toward the squid, his armor has proven battle ready.

Please discuss.

Superdrol's picture

Can't see the full report.  Anyways, this is about as useful as economic advice from Sarah Palin.  When situations such as these come to light, financial valuation models go out the window.


This is all political, and there is no way to determine what political actions will occur due to this 'nationalizing' of the Irish banks.



Whoops, was I not supposed to say that, lol ?

economessed's picture

Was this the same Bank of Ireland that passed the stress test in July of 2010?   Four months ago?

Superdrol's picture

No no.  This is the 'Bank of Direland'.  The other one is 'Allied Dire-ish Banks'.



Totally different.

TooBearish's picture

Report over month old - has anything changed in that time?

breezer1's picture

i don't see why it hasn't been suggested here before that if they formed a trade block with iceland they could corner the worlds fish and chip market.

Hansel's picture

My latest video: OMG Bank - Just Give Us Your Money

The video is somewhat related to the Ireland ordeal.

bigdumbnugly's picture
Goldman's Recent Thoughts On Bank Of Ireland

those thoughts are more accurately portrayed like this: (as are all goldman musings...)







Tense INDIAN's picture

u can never have enough of economy is increasingly looking more like a global casino...look at this housing scam:

and the stock markets sold off on the news :

everyones complaining about the middle class getting ripped off....but this is why the poor wil always be POOR:


According to Supreme Court of India , 2G spectrum allocation scam is the MOTHER of all scams:


and then the Commonweath games corruption investigations have just begun:




and when the global reset comes and the 3rd world is left on their own , i have no idea how the people are going to manage


scratch_and_sniff's picture

I have an account with this bank...if i had of knew that goldman put it on it's buy list, i would have closed it already. (its only a current account, but all the same)

OutLookingIn's picture


 Mohamed El-Erian of PIMCO has advised his sister that she should withdraw all her money out of the Irish banks! Posted at "El-Erian: "What You Advise Your Sister In Ireland Now Is That You'd Say Take Your Money Out Of Irish Banks."

When the manager of the worlds largest bond fund says that - WOW!

Seasmoke's picture

It seems they're planning very stringent fiscal measures and yet they expect the economy to grow against that background. That seems highly unlikely.............Everyone, everywhere have become LIARS

Zerohedge fan's picture

Guys, forgive me; this idiot seems to be from my home country.

Now, I undestand what Polack means.