Ireland's Choice: Inexpensive Cure or Expensive Bailout

robut

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Apr 6, 2008
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8,729
Ireland's Choice: Inexpensive Cure or Expensive Bailout -- Seeking Alpha

THIS IS WELL WORTH A READ: Some snippets:

"Unfortunately, the good bank/bad bank idea requires that all of the 'bad' assets are moved to the 'bad' bank when assets are first transferred. As soon as there is a subsequent round of assets purchased by the 'bad' bank from the 'good' bank, investors are forced to ask the question: have all the 'bad' assets been transferred now.

The Irish experience has been not one, not two, but three rounds of asset purchases. After each subsequent round, investors have become increasingly reluctant to conclude that all the 'bad' assets have been transferred. This limits the 'good' banks access to capital markets and defeats the purpose of removing the 'bad' assets in the first place."

Robut
 


consultant

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Nov 22, 2009
Messages
1,010
Hopefully, the Irish government will set the global standard and select the inexpensive cure of observable event based reporting.


These guys cannot even tell the truth, let alone entertain event based reporting.
 

hmmm

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Oct 4, 2006
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2,831
Gosh, the solution is more transparency. Who would have thought, we've already had several "stress tests" and another one to come in the new year.
 


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