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Tag Archives | Pfandbrief

Ireland was Germany’s Off-shore Tart – PART 2 – The US connection

Part two. Before I get stuck in, I want to make it clear. it is not my intent to paint Depfa as angels and HRE as devils. Depfa did stupid things.  Their funding problems were not so dissimilar to Northern Rock’s. But Depfa had far better assets.  And therein is part of the story. So […]

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Ireland was Germany’s off-shore tart

Now that Mr Cowen has lost control of his party, coalition and country, the Irish can expect to be bullied and hectored from all sides. It is more important than ever for Ireland to defend herself against the claims that she owes the rest of us. She doesn’t. Every European bank exposed to Irish loans, […]

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