Search Results for 'Lehman Brothers'

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Are the Irish economically illiterate?

As we approach the sixth in what seems to be a never-ending run of austerity budgets the public, despite some spin on the part of the Government and others, just does not sense we are anywhere near emerging from the economic abyss.

Lloyds TSB snap up HBOS

Llyods TSB last week agreed a $22.2 billion deal for HBOS after the company lost half its market value.

German lender transferred €300 million to Lehman brothers on bankruptcy day

Germany state lender KfW transferred €300 million to Lehman Brothers on the day the US giant filed for bankruptcy.

‘We will do right by the people’ says Taoiseach on eve of critical poll

An Taoiseach Brian Cowen is an embattled man. He leads a fiercely unpopular Government, which expects a kicking in tomorrow’s election, and is presiding over the worst financial crisis since the 1930s. Yet he is confident that on the economy he is “doing the right thing” that will lead to Ireland’s recovery.

‘Status quo position’ on the economy and election strategies are ‘not acceptable’, Cowen tells Galwa

New strategies must be adopted on both the economy and in next year’s local elections as “the status quo position” and the old methods are no longer acceptable in the current climate. This was the message Taoiseach Brian Cowen delivered this week at his press conference in Galway.

Our NAMA nightmare has just begun...

Just over a year since the Lehman Brothers filed for bankruptcy causing financial shock waves throughout the world, with the crest of these shock waves forcing Ireland into a deep recession, the Government’s legislative resuscitation for our economy, through the establishment of the National Asset Management Agency to purge the five financial institutions in the country — AIB, Anglo Irish Bank, Bank of Ireland, EBS Building Society and Irish Nationwide – of toxic loans which were incurred during the property boom, has begun.

Our NAMA nightmare has just begun...

Just over a year since the Lehman Brothers filed for bankruptcy causing financial shock waves throughout the world, with the crest of these shock waves forcing Ireland into a deep recession, the Government’s legislative resuscitation for our economy, through the establishment of the National Asset Management Agency to purge the five financial institutions in the country — AIB, Anglo Irish Bank, Bank of Ireland, EBS Building Society and Irish Nationwide – of toxic loans which were incurred during the property boom, has begun.

 

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