Tag Archives: NAMA

Some thoughts on Europe, Banking and European Banking So I spent the last few days in Portoroz, on the Slovenian coast, at the 15th Portoroz Business Conference. My talk was on the future of banking post crisis. The slides are … Continue reading

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Bond Cliffs Ahoy… (Remember, Ireland is a success..)

So .. This is, as best I can figure, the profile of the main Irish bonds maturing in the next generation or so. Yes children, NAMA… Ok, they’ll just roll it over but its still a bond (two actually) and … Continue reading

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We must deal with Mortgage debt to move on : November 11 2010

Another multisignatory oped in the Irish Times, this time on the need for mortgage debt, with some writeoffs, being needed.   Economists Constantin Gurdgiev, Brian Lucey, Stephen Kinsella, Ronan Lyons, Karl Deeter, Shane Whelan, David Madden, Brendan McElroy, Valerio Poti and John D … Continue reading

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This is a bondholder bailout which will sink us ; October 5 2010

In a desperate attempt to stave off the inevitable the government laid forth a series of plans, and plans for plans, for Anglo in particular. Here is my opinion as of early October 2010   There is no State scheme … Continue reading

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NAMA – good for developers, not so good for taxpayers and mortage payers : September 7 2009

Alan Ahearne again weighed in suggesting , after the ’46′ that NAMA was going to work. I wasnt so sure and said so September 7 2009 OPINION:THE ARTICLE by Dr Alan Ahearne in Saturday s Irish Times, (which we can … Continue reading

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NAMA/FG Plan just delaying the inevitable : May 18 2009

Recall FG proposed a state bank? Here was my reaction plus some thoughts on NAMA, in the Irish Times May 18 2009   OPINION:Fine Gael s bank plan makes more sense than Nama (whose ultimate head doesn t know what … Continue reading

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Rational economics will require external forces : May 12 2009

Published in the Irish Times May 12 2009   THE MOST important debate, declaration of war aside, in which the members of Dáil Éireann will ever participate is this week. The debate is the decision whether to bring the banks … Continue reading

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Delay will lead to a bailout : April 27 2009

After the “nationalisation needed” oped the then economic advisor to the Minister for Finance penned a rebuttal. This is the re-rebuttal, published in the Irish Times April 27 2009   DR ALAN Ahearne argues (April 24th) that nationalisation of the banks is … Continue reading

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Thoughts on NAMA : Business and Finance April 23 2009

Here we opine on NAMA when it was but a twinkle in our eyes…and a tingle in our wallet To date, the international discussion on how to rescue failed banks has focused on repairing their balance sheets. This ignores the … Continue reading

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Developers, Defaulters and all dat…

We are apparently going to get tough on one of these groups. One has arrears of 1.9b (which will in most part end up with the state). The other has cost 31b to date…. Answers on a postcard as to … Continue reading

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