Will Ireland Be Bailed Out?
Good video of just under 15 minutes on the critical issues on Ireland.
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Browsing Tag
bailout
On The Alleged Irish Bank Deposit Flight
We can see it’s still all about the banks in Ireland. This deposit debt guarantee issue is still the critical one. The Irish Independent is talking about total nationalisation of AIB because of the ‘bank run’ hitting Ireland. And…
Dollar Mixed on Irish Bailout Concerns
Highlights The US dollar is on a more solid footing yet continues to consolidate versus the euro as details emerge of a potential Irish bailout. The uncorroborated rumors of a bailout of Ireland emerged from the G20, narrowing the…
German Press: EU forges Emergency Plan for Ireland bankruptcy
UPDATE: 12 Nov 2010 - More press accounts are confirming that, indeed, a bailout is in the offing. The British have signed up for it as well despite insisting that this is a euro zone problem. But they needed to get on side to show…
How the Irish can prevent a bank crisis from becoming sovereign default
Ireland was the first country to offer a blanket guarantee to it’s banks’ depositors. I welcomed this move as a necessary step to restore confidence. However, there are two problems associated with it. As Willem Buiter has…
The Latest on Ireland and the ECB
Below are two good videos outlining the Irish situation. For relevant background info see CW posts below (the last one is most hopeful): Ireland: Next stop – IMF, October 2009 How Does Irish Banking Play Out? Chart of the day:…
A few comments about Tuesday’s election’s impact on the economy
I have been meaning to put together a few comments about the election on Tuesday but I haven't had the time to string anything together. But an enlightening video from Tech Ticker with Jamie Galbraith provides some good fodder. So let me…
A Minskian View of the Causes of the Current Crisis
by L. Randall Wray In recent weeks, the explanation for the financial and economic crisis that has gripped the world economy has shifted sharply from deregulation and lack of governmental oversight of financial institutions to fraud and…
BBVA complains about subsidy for loss-making Spanish Cajas
The problem with bailouts is that they allow companies with either poor economics or weak financial structures to compete on a more level playing field with stronger competitors. The bailouts are like a subsidy which gives an unfair…
Bloomberg Freedom Of Information Act Lawsuit Goes To Supreme Court Without Fed
In November of 2008, I reported a lawsuit brought by Bloomberg News which requested the Federal Reserve disclose which securities it had accepted on behalf of taxpayers as collateral for $1.5 trillion in loans to banks during the…