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Archive for November 23rd, 2010

More good news for the banks not mentioned ! »

This is a post I sent to the IrishEconomy.ie blog today. The discussion followed a recent speech by CB Governor Paddy Honohan ” When the Governor raised the matter of accounting practices, I thought he was going to tell us some good news. He said: “ I have already railed elsewhere against the backward-looking loan-loss […]

Goldman Sachs says Irish bank losses not so bad »

Why don’t they let us see the report published last week by Goldman Sachs, which says, in essence, that we have been far to negative in estimating our financial losses, at bank and national level. As a result, we are forcing the banks to raise unnecessary capital (and the shareholders to consequently take unnecessary losses). […]


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