NAMA Mortgages, money from thin air? When a bank creates a loan that becomes an asset, the property it is secured upon is the collateral (sorry my teaming millions, I know ... Continue reading
Mortgage Debt for Equity swaps A popular idea that has been discussed in the past (and if Niamh Hennessy's article proves correct may become working reality) is that ... Continue reading
European Debt Crisis Statement We reaffirm our commitment to the euro and to do whatever is needed to ensure the financial stability of the euro area as a whole and i... Continue reading