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 [...]
February 12th, 2009 at
10:24 in
Politics (Ireland) | tags:
anglo irish bank,
bank,
banking crisis,
bear stearns,
brian lenihan,
fbi,
fraud,
george lee,
illegal,
ireland,
jeff skilling,
ken lay,
michael tannin,
minister for finance,
morning ireland,
news observer,
perp walk,
ralph cioffi,
RTÉ,
sec,
securities and exchange commission,
wall street |
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Waah, waah, waah. The cries from the media (and many of the assembled public) that nobody told them there was anything wrong with the economy are becoming annoying now. They were told – but they chose to ignore the warnings. Two years ago, in January 2007 (yes, despite the media’s insistence that nobody said anything [...]
February 8th, 2009 at
11:51 in
Politics (Ireland) | tags:
2007,
banking crisis,
economic crisis,
fianna fáil,
finance,
journalism,
journalists,
labour party,
media,
pat rabbitte,
RTÉ,
ruairi quinn,
the irish times |
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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 [...]
October 5th, 2008 at
11:34 in
Politics (Ireland) | tags:
aib,
anglo irish bank,
bailout,
bank of ireland,
banking crisis,
credit crunch,
ebs,
irish life and permanent,
irish nationwide,
irish politics,
Politics (Ireland) |
3 Comments
High-larious Hat tip to Harry. fastswfembed(“http://www.youtube.com/v/mzJmTCYmo9g&hl=en&fs=1″,425,344,’122-0′);
The Government says that the amount involved being guaranteed is €400bn. The current standard rate for interbank credit default swap insurance is 2%. So, this guarantee is worth €8bn per annum to the Irish banks. The six banks could all have been purchased outright on Monday afternoon for approximately €10bn. The insurance certificate was issued [...]
