Irish may form a second ‘bad bank’ to cleanse other banks of troubled loans
Second "bad bank" could be on the cards
Ireland may create a second “bad bank” by merging the nationalized lenders, Anglo Irish Bank (ANGIB.UL) and building society Irish Nationwide (IRNBS.UL), and then using this entity to absorb bad loans from other banks.
The Irish Times reported on Thursday that officials were exploring the possibility of moving the remains of Irish Nationwide into Anglo. Following this the two could be wound down over time giving a reassuring signal to the markets about the future. The newspaper said that this inside information had come from sources close to the proposal.
The new entity would firstly be used to absorb the loans of Bank of Ireland (BKIR.I), Allied Irish Banks (ALBK.I), Irish Life & Permanent (IPM.I) and building society EBS (EBSBS.UL).
Allocating funding to complete this merger is seen as the large obstacle although European Central Bank funding over a longer time frame is being considered.
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I find it amusing that the mouthy canuck actually is stupid enough to think everyone in the US is "packing heat." Maybe you can't spell gunNatasha McShane’s family living a ‘nightmare’ as Heriberto Viramontes’ trial begins
Someone who is proud to be a Canuck is not really in any position to judge the intelligence of anyone else. Just saying.Unionists regret US envoy Haass’ call for new flag for Northern Ireland (VIDEO)
A sibling can apply for an Irish passport. Any sibling of an Irish person meaning a sibling born outside of Ireland bonehead. One really does have toNelson Mandela was against IRA decommissioning its arms during 2000 talks
Eiriamach!! The IRA were fighting state terrorism and had massive support in the 70's and 80's and I am disappointed you take the side of unionism and