IBRC: Honey I Shrunk the Equity! |
|
February 21, 2013 |
February 2013 Bond Updates
|
Regular readers will know that I’ve written quite a lot (e.g. this paper) about the promissory notes used to prop up the Irish Bank Resolution Framework, the successor to the infamous Anglo Irish Bank. My principal focus has been on the cost of these notes to Irish taxpayers so I’ve written a couple of posts (here and here) about the cost of the promissory notes relative to the new arrangement that was put in place when the IBRC was liquidated a few weeks ago.
|
|
View more at: http://www.forbes.com/sites/karlwhelan/2013/02/21/ibrc-honey-i-shrunk-the-equity/
|