Commentaries

Good hybrid crack

September 11, 2009

It’s interesting to see the Irish government seems to have been keeping a close eye on the hybrid debt fiasco, as it is now embracing the securities as a way to ensure the country’s banks don’t get an easy ride offloading dud property loans to NAMA, its bad bank scheme. I guess you could call it a form of payback.

Ireland’s property bank stores up trouble

August 24, 2009

Most buyers are happy if their putative purchase gets cheaper. However, Dublin’s government is watching the on-off liquidation of developer Liam Carroll’s assets with trepidation.