Tag: Anglo
-
Politicians – Misled or Misleading on Anglo.
We don’t have to pay a cent to the Anglo junior debtholders but we probably will. Below I walk through why the Government are either misled or misleading and opine on how we can avoid payment. We have a legal template, which could be tabled. FF should continue to drink its tall glass of STFU on…
-
Enough, already, just pull the plug on Anglo before its too late ; September 2 2010
Id had it with the arguments that Anglo could be saved. Here is my oped in the Irish Times on 2 September 2010. Enough already… OPINION:Ordinary folk have paid enough. Subordinated and senior debt holders should cover the rest THE HORRENDOUS losses of Anglo Irish Bank come as no great surprise to informed analysts of…
-
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 Masson suggest a way to help mortgage defaulters THE BURSTING of the boom has left…
-
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 to remunerate private investors when banks are in distress, writes BRIAN LUCEY IN 1968, Robert Conquest, the…
-
The economics of Mr Micawber wont do : Feb 22 2010
the FF government stumbled and bumbled from crisis to crisis in the dreadful years of 2009-10. Here was my thinking at early 2010 in the Irish Times Micawberish thinking on the problems in our banks means that, 18 months into the crisis, no effective repair action has taken place ONE OF Dickens s great characters…
-
A smack from the IMF : June 26 2009
the IMF weighed in in June 2009. It was spun as approval. It wasnt. Here is my Irish Times reaction piece OPINION:The IMF report most certainly does not give Government banking policy the thumbs up, writes BRIAN LUCEY. THE STATE of the Irish banking system remains parlous. This is particularly evident in its capital base. Notwithstanding…
-
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 s going on anyway). All roads still lead to nationalisation, writes BRIAN LUCEY NAMA IS dead in the…
-
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 under the auspices of Nama or to nationalise them. At stake is EUR 90 billion…
-
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 inappropriate and perhaps dangerous. As a senior adviser to the Department of Finance, his views…