Posts Tagged anglo irish bank

When Will the Perp Walks Start?

Interesting listening on today’s Morning Ireland (well worth a listen).  George Lee has now formally used the word “fraud” in relation to what has been happening in Anglo Irish Bank.  About time too.  And if Anglo have a problem with that, I look forward to them suing George Lee and RTÉ.  I don’t think they’ll […]

The cost of the banking guarantee

The Government says that the amount involved being guaranteed is €400bn.  The current standard rate for interbank credit default swap insurance for the Irish banks ranges from 2% to 3.2% (as of last April).  So, this guarantee is worth at least €8bn per annum to the Irish banks (or a maximum of €12.8bn). The four […]