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What Goes Up....

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About What Goes Up....

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    HPC poster
  1. AIB is completely bust - 99.9% government owned - but that's not a good thing. They were bailed out to the tune of €21 Billion - only outshone by Anglo Irish Bank with their €30 Billion disaster. All of them are a mess from the first wave of the banking collapse - the collapse in residential and commercial property prices. The second wave is on the way - the default on mortgages and SME loans. All the Irish banks will need a second bail-out to fill the "hidden" holes on their balance sheets due to defaults. The Irish Central Bank currently has 90-day+ arrears running at 14% of the all the mo
  2. Thanks for the mention! Wish it wasn't the way it is - but the media spin continues unabated. The fact that Ireland is going both Japanese (zombie banks) and Icelandic (massive personal debt overhang) means we've invented a new paradigm - we've gone Japlandic!
  3. One link not working - alternative: Who caused the financial collapse, and why aren’t they in jail? http://blogs.alternet.org/speakeasy/2010/05/26/who-caused-the-financial-collapse-why-aren%E2%80%99t-they-in-jail/
  4. Where's the perp walk? http://www.thepropertypin.com/viewtopic.php?f=19&t=30978 If Dick Fuld didn't get done for his Repo105s or "Tangelo" Mozilo for the crap that went on in Countrywide then no one was going to jail. Some choice links: Too Big To Jail http://www.newsweek.com/2009/07/08/too-big-to-jail.html One Word Explains What Caused the Financial Crisis: Fraud http://industry.bnet.com/financial-services/10009153/one-word-explains-what-caused-the-financial-crisis/ Who caused the financial collapse, and why aren’t they in jail? http://theloop21.com/money/who-caused-the-financia
  5. http://www.econtalk.org/archives/2012/02/william_black_o.html
  6. http://www.bloomberg.com/news/2012-02-24/lloyds-says-90-of-irish-commercial-real-estate-loans-impaired.html
  7. I am! (Is that a good or a bad thing?) Been lurking for a few months to get the rhythm of the place here.
  8. Direct link here: http://i828.photobucket.com/albums/zz209/What_Goes_Up_/Japlandic/90Days.jpg My "Greatest Hits" here: http://www.japlandic.com/p/greatest-hits.html
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