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Case for nationalising the Irish banks

By Barry O'Gorman on April 18, 2009

Strong list of economists arguing in Friday’s Irish Times for nationalising the Irish banks.  I’ve argued this postion previously in this blog.  Recent developments would not change my opinion.  Seems to me that the NAMA process is simply going to drag out the inevitable.  If the assets are written down properyly in the banks before [...]

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Posted in banking, Economy | Tagged Add new tag, bank, eonomy | Leave a response

Damning assessment of Irish Economy

By Barry O'Gorman on March 21, 2009

Dan O’Brien (senior Editor & Economist, the Economist Intelligence unit) did not hold back in his call to action in his article in the Irish Times yesterday.  O’Brien is a well known face to the Irish public – through his regular appearances on Prime Time.  Clearly he is very fearful for the outlook for the [...]

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Posted in banking, Economy, Finance, Ireland | Tagged bank, Bank of Ireland, CEO, CNN, Dan O'Brien, David McWilliams, Eamonn Dunphy, Economist, Fianna Fail, Fine Gael, Ireland, irish times, main bank boards, Michael Soden, Minister for Finance, National Government, Pear Harbour, politician, senior Editor & Economist, the Economist, The Irish Times, toxic bank, toxic_assets, United States, well informed commentator | Leave a response

Hard to credit

By Barry O'Gorman on March 14, 2009

Perhaps INBS has not experienced the same issues with its customers being experienced by other banks.  Today’s Irish Times reports salary increase and significant bonus(re 2008) for INBS CEO.  Presumably, in the context  of what is going on elsewhere, Mr Fingleton would not be taking this salary increase and bonus unless he had a ‘stellar’ [...]

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Posted in banking, Uncategorized | Tagged bank, Fingleton, INBS CEO | Leave a response