19 Feb We don’t have recourse to the FSO, wholesale repossessions & other IBRC myths The hype-machine is in full throttle on the sale of the former INBS loans. The fear being that some large evil hedge-fund is out there ... Continue reading
A handbag of recent thoughts… In the Irish Times, Isabel Morton echoes some thoughts that I also have, that the property market represents a good opportunity at pres... Continue reading
Flouting planning laws… In today's Independent there is an article about Ray Grehan and his 'flouting of planning laws'. Having been through the planning proce... Continue reading
What happens when you lynch bankers? Every calamity in human history tends to have a corresponding scape goat. Often in financial busts it becomes xenophobic, race often pl... Continue reading
The Second Wave: How Development loans were banked and RIP’s The fact that NAMA is now set to leave loans under €20 million with the banks is debunking the justification for its original creation.... Continue reading
Anglo, new ‘Bad bank / Bad bad bank’ plan We are anaesthetized from outrage at this point when it comes to Anglo Irish Bank (or if you are a eurosceptic who doesn't understand a... Continue reading
Battersea & REO, what’s the story? Battersea power station was bought for £400m in 2006, REO took a loan for £226m other £134 was cash/other equity, the purchase was spli... Continue reading
ALLIED IRISH BANKS, P.L.C. INTERIM MANAGEMENT STATEMENT Trading conditions in the year to date remain challenging, particularly in Ireland. Conditions have improved in Great Britain and our C... Continue reading
Talking NAMA, how much is a billion? While we are all hearing about 'a billion this' and a 'billion that' for various financial institutions I would hope that we don't lose... Continue reading
NAMA uncovered Yesterday the National Asset Management Agency (NAMA) legislation was brought out in the Dail (that's the Irish Government buildings fo... Continue reading
Bank margins after NAMA The current debate is raging over NAMA and the pricing of loans, much of it centres on the value of the properties in question and abou... Continue reading
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