Tag: banks

—

by

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…

Beware the long tail of non NAMA loans sinking the banks : Feb 3 2010

—

by

NAMA was hailed by many as a silver bullet. But it wasnt and couldnt be as I suggested in the Irish Times in February 3 2010 OPINION:GROWING UP beside the seaside, one becomes familiar with the sea and its actions. One thing that becomes clear is that while the first wave of a storm may…

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

—

by

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 presumably take as being a statement on Nama from the Department of Finance and the…

A smack from the IMF : June 26 2009

—

by

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

—

by

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

—

by

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

—

by

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…

Thoughts on NAMA : Business and Finance April 23 2009

—

by

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 underlying cause of the problem – the deterioration of their asset base. In fact, in…

Ok, the banks are fubar’d : April 17 2009

—

by

Here a bunch of us wade in suggesting that its time to call the ball. The banks are bust and will need to be taken into state care. Again this was published in the Irish Times OVER THE last number of months extraordinary changes have occurred in the Irish banking and financial scene. We believe…

A document is not a plan : December 20 2008

—

by