Never trust any of these people again...
An Open Letter to Bobby Aylward TD
Submitted by daltonr on Fri, 01/08/2010 - 23:57Mr Aylward,
I disagree strongly with your comments in the Dail on September 22nd in support of NAMA. The speech was later reproduced on your blog. Your comments were factually inaccurate, delusional and hypocritical.
The key issue is to repair the banking system and to maintain international confidence in investing in this country while ensuring the taxpayer is not unduly exposed.
Mortgage defaults continue to increase - The Irish Times - Sat, Jan 16, 2010
Submitted by admin on Sun, 01/17/2010 - 14:33LAURA SLATTERY
MORTGAGE DEFAULTS continued to increase in November. But the Government’s proposed extension to the moratorium on legal proceedings may undermine the ability of banks to source capital from mortgage-backed bond investors, according to the ratings agency Moody’s.
The data shows that among the prime lenders that have parcelled residential mortgages into mortgage-backed funds for the securities market, EBS has experienced the sharpest rise in its loan delinquency and default ratios.
Economic downturn wipes 50pc off value of homes - National News, Frontpage - Independent.ie
Submitted by admin on Wed, 01/13/2010 - 09:11By Yvonne Hogan
LARGE detached family homes in the capital have halved in value in the downturn.
Estate agents admit four- and five-bedroom detached properties in Dublin are now only fetching 50pc of their 2007 prices.
The Irish Auctioneers and Valuers Institute (IAVI), which represents auctioneers around the country, says that houses nationally are now worth 40pc less than at the peak.
We are just like Iceland - apart from where it matters - The Irish Times - Mon, Jan 11, 2010
Submitted by admin on Mon, 01/11/2010 - 00:11BUSINESS OPINION: Unlike our island neighbours we seem to have lost our sense of outrage, writes JOHN McMANUS
IT’S A simple question: if the people of Iceland can apparently refuse to be made pick up the tab for the incompetence and greed of their banks and people who did business with them, why do we have to?
RTÉ Business: Labour plans Dáil move on banks probe
Submitted by admin on Sun, 01/10/2010 - 22:11The Labour Party is to table a Private Members Motion in the Dáil calling for a 'comprehensive parliamentary inquiry' into the banking crisis.
Party leader Eamon Gilmore said the party would also next week publish a Bill designed to address what he called 'defects' in current legislation governing the powers of the Dáil and Seanad to conduct inquiries into important issues.
RTÉ Business: Jobless figures rose again in December
Submitted by admin on Sun, 01/10/2010 - 22:07New figures from the Central Statistics Office show that the number of people signing on rose again last month.
The seasonally adjusted Live Register figure rose by 3,300 in December to stand at 426,700 from November's total of 423,400. The figure had fallen in October for the first time since March 2007, but has now risen again in the past two months. The unemployment rate was unchanged at 12.5%.
During 2009, the number of men signing on increased by 45.4%, while the number of women rose by 47.5%.
2010: a turning point for Ireland's property market
Submitted by daltonr on Fri, 01/08/2010 - 01:03
7th January 2010
Alan McQuaid, Chief Economist, Bloxham Stockbrokers, commenting on the latest Daft research on the Irish property market.
