Tag: bondholders
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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…
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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…
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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 Masson suggest a way to help mortgage defaulters THE BURSTING of the boom has left…
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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…
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A document is not a plan : December 20 2008
Remember the government had a plan in 2008? Remember that? Here are my thoughts on that at the time OPINION:This week we were given a woolly document lacking clarity, consistency and logic, writes Brian Lucey WITH THE onset of the recession, much talk has emerged of a return to the 1980s. We might do well to…
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The Banking Union: what’s in it for Ireland?
This is an expanded version of an OpEd in the Irish Examiner published 15 December 2012 The new banking union proposals that are now emerging from the wreckage of the European economy are to be given a (very) cautious welcome. Without going the whole Naomi Klein “shock doctrine” route, its very clear that once again…
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The Austerity Dictionary
This started out as a little crowdsourced joke on Twitter, with the hashtag #austeridictionary (note the spelling). A link to the ongoing discussion/madness is https://twitter.com/search/realtime?q=%23austeridictionary&src=hash. I used SearchHash to collate the hashtagged tweets, into a CSV folder, which I then cleaned up in Excel. Its a bit of fun, but also like all good satire has…
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Green Jerseys, False Colours and the Irish Bond Market
There is a most interesting letter (of the Green jersey type) in the Irish Times this morning. It is from a Donal O’Mahony of Shankill and is on the wonderful performance of Irish government bonds. Ireland is truly lucky to have this sage, and also to have his namesake Donal O’Mahony the head of debt research at Davy…
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Salary caps and chordates
My intereview on Morning Ireland on Friday (here as a podcast) has generated more emails and random stoppings in the street (every single on positive) than any other comment or public utterance I have made over the last 4 years. People are (barely) able to comprehend €500,000, the salary range now going rate for running…