Posted in Economy, Fianna Fáil, Irish journalism, fuckwits, Banks, Irish Economy, Fine Gael, PDs, Greens, Politics on Nov 18th, 2008 1 Comment »
That was then…
Ireland’s decision to guarantee Irish banks’ deposits and debts for two years to calm investor concern could be followed by other countries. This may be a template for rescues elsewhere if Irish banks can replenish their capital base,” Harvinder Sian, a fixed-income strategist at Royal Bank of Scotland Group Plc in London said […]
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The entire Eurozone seems to be following Gordon Brown’s lead and working to recapitalize the banks by having the government take an equity stake in firms that need assistance. This is how Sweden successfully resolved its banking crisis in the 1990s and it appears to be the right thing to do.
So said Matthew Yglesias yesterday. […]
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Posted in Banks on Oct 2nd, 2008 7 Comments »
Today in the Irish Times we have two perspectives on the legislation being brought through the Dail last night to resolve the crisis in Irish banking, one by politicial correspondent Stephen Collins and the other by Morgan Kelly, Professor of Economics at UCD who has already written about the potential problems in Irish banking system […]
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William Greider, writing in The Nation, thinks that if Paulson plan for the US Government to buy all of Wall Street’s bad debt is successful it has the potential to bring down one or both political parties in the States. He quotes an analyst who says the plan is “exclusively being lobbied for by precisely […]
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Posted in Economy, Banks on Apr 14th, 2008 1 Comment »
Oh this is not good . At least, according to the New York Times, which today has a piece on the Global decline in property prices following on from the problems with financial and housing markets in the U.S., its not. The august journal has taken it upon itself the gauge the mood in Ireland, […]
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Posted in Economy, Banks, Property on Mar 26th, 2008 4 Comments »
Remember Friday March 14 2008: it was the day the dream of global free- market capitalism died. For three decades we have moved towards market-driven financial systems. By its decision to rescue Bear Stearns, the Federal Reserve, the institution responsible for monetary policy in the US, chief protagonist of free-market capitalism, declared this era over. […]
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Posted in Economy, Banks, Politics on Mar 18th, 2008 2 Comments »
We’ve run this before, but given recent events…
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Jim Cramer is host of CNBC´s Mad Money. And this is what he had to say about Bear Stearns last week. The Slate has a good article on Jim Cramer here, from Jan 2007.
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Here at Dublin Opinion, we don’t accept empty praise or the sort of ridiculous online fawning where one blog writer over zealously trumpets the skills of another blog writer in the hope of catching on the coat tails of their apparent popularity. Its rather distasteful, really.
But I have to publicly thank Tomaltach for the […]
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