canicemcavoy
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Interesting intervention by the Kaiser here, I presume his late timing is deliberate and related to the reopening Dail today.
What do the more financially astute here think of this suggestion:
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Interesting intervention by the Kaiser here, I presume his late timing is deliberate and related to the reopening Dail today.
What do the more financially astute here think of this suggestion:
Based on the widely rumoured figures, Ireland Inc intends to provide circa €60 billion of bonds to the banks as part of the Nama exercise. The Government could achieve exactly the same impact by guaranteeing €60 billion of bonds issued by the banks themselves. The Government can then charge a completely transparent fee for the use of this guarantee. This leaves all the risk of the existing loans with the existing capital providers and could be implemented in the morning without new quangos, complicated legislation, or additional risk. It should be noted that Ireland Inc is already showing significant profit on its preference share investment in the two main banks.
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