Morning, Is this the real taste of scorn? AIB unveils managers to lead its new sectors Wednesday, May 18, 2011 SIMON CARSWELL, Finance Correspondent Executive Chairman for AIB, David Hodgkinson, told the paper the bank would need to offer “a market-based compensation package” to appoint a new external Chief Executive, and said the bank wa working with the Department of Finance to pay a salary above the cap. I could not find a shop out let on DOF website sling T-Shorts yet, but it looks as if they did not loose their appetite: Financial Services Ireland Annual Members’ Lunch Thursday,… Read more »
[…] Balance of payments surplus last year AIB move triggers ‘failure to pay’ event David McWilliams: AIB default Anglo puts US loan book up for sale World’s wealthiest richer than before recession Greek […]
RapidEddie
11 years ago
Why would AIB defaulting empty the AIB banklinks overnight? The hole is in the lender’s bank account, not the borrower’s.
Juanjo R
11 years ago
It was Einsten with that quote on insanity
…and here are two more to utilise;
“We cannot solve our problems with the same thinking we used when we created them”.
“Any intelligent fool can make things bigger and more complex… It takes a touch of genius – and a lot of courage to move in the opposite direction”.
Both DmcW and Noonan are both wrong. Noonan wishes to burn senior bondholders, but do this with delicacy and diplomacy based on persuasion, but only do this to ‘warehouse banks’ such as Anglo, maybe AIB and others? He’ll talk about this in the Autumn while Rome burns. DmcW, on the other hand, believes all odious banking debt should be renegotiated asap, as of now. He would I’m sure travel to Frankfurt tomorrow if doing so, could do this. The only way to do this is to recognise that you cannot negotiate this matter with the ECB, neither Noonan nor DmcW… Read more »
There is an ad on news talk everyday that says the markets have returned to 80% of the value sense the “boom”. And the ad continues and explains, now is a good time to play the stock market because everything is on the up. So lets do the maths on this. b = bubble c = current market share o = outcome cr = crash We are saying b is the max the global bubble. 50 trillion dollars has been wiped off the market by money sharing in the property market between the various global banks. This money has gone.… Read more »
uchrisn
11 years ago
Some words of encouragement from Paul Krugman – “here’s my advice to economists frustrated — as I am — by the inadequacy of policy responses and the intellectual regression of too much of our profession: Keep calm and carry on. History will vindicate your persistence”
History has already vindicated David’s and some other Irish economists – Mainly Univesrity Lecturuers, persitence and according to Paul will continue to do so.
Morning, Is this the real taste of scorn? AIB unveils managers to lead its new sectors Wednesday, May 18, 2011 SIMON CARSWELL, Finance Correspondent Executive Chairman for AIB, David Hodgkinson, told the paper the bank would need to offer “a market-based compensation package” to appoint a new external Chief Executive, and said the bank wa working with the Department of Finance to pay a salary above the cap. I could not find a shop out let on DOF website sling T-Shorts yet, but it looks as if they did not loose their appetite: Financial Services Ireland Annual Members’ Lunch Thursday,… Read more »
[…] Balance of payments surplus last year AIB move triggers ‘failure to pay’ event David McWilliams: AIB default Anglo puts US loan book up for sale World’s wealthiest richer than before recession Greek […]
Why would AIB defaulting empty the AIB banklinks overnight? The hole is in the lender’s bank account, not the borrower’s.
It was Einsten with that quote on insanity
…and here are two more to utilise;
“We cannot solve our problems with the same thinking we used when we created them”.
“Any intelligent fool can make things bigger and more complex… It takes a touch of genius – and a lot of courage to move in the opposite direction”.
Both DmcW and Noonan are both wrong. Noonan wishes to burn senior bondholders, but do this with delicacy and diplomacy based on persuasion, but only do this to ‘warehouse banks’ such as Anglo, maybe AIB and others? He’ll talk about this in the Autumn while Rome burns. DmcW, on the other hand, believes all odious banking debt should be renegotiated asap, as of now. He would I’m sure travel to Frankfurt tomorrow if doing so, could do this. The only way to do this is to recognise that you cannot negotiate this matter with the ECB, neither Noonan nor DmcW… Read more »
There is an ad on news talk everyday that says the markets have returned to 80% of the value sense the “boom”. And the ad continues and explains, now is a good time to play the stock market because everything is on the up. So lets do the maths on this. b = bubble c = current market share o = outcome cr = crash We are saying b is the max the global bubble. 50 trillion dollars has been wiped off the market by money sharing in the property market between the various global banks. This money has gone.… Read more »
Some words of encouragement from Paul Krugman – “here’s my advice to economists frustrated — as I am — by the inadequacy of policy responses and the intellectual regression of too much of our profession: Keep calm and carry on. History will vindicate your persistence”
History has already vindicated David’s and some other Irish economists – Mainly Univesrity Lecturuers, persitence and according to Paul will continue to do so.
http://www.voxeu.org/index.php?q=node/6668
Paul Krugmans rescent sppech in the U.K.
At last!! – a concise set of actions needed to solve the problem.
http://market-ticker.org/akcs-www?post=188789
Will anyone listen ?
I really like reading through a post that can make men and women think. Also, thank you for allowing me to comment!