Northern Rock - what to do with junk equity?
Tuesday, November 20th, 2007There’s much talk in the City of junk bonds, many of them issued by offshore SPVs, SIVs and CDOs. There’s little talk of “junk equity”.
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The markets cannot cover their own risk
Monday, November 19th, 2007I note that the FT has reported that: The plan for a $75bn superfund to buy assets from cash-strapped structured investment vehicles appears to be
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HBOS - questions needing answers
Friday, November 16th, 2007Rumour reaches me that two blogs here on HBOS have travelled a fair distance in the City. Good. That;s why I write this stuff. The
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Nortrhern Rock could cost the taxpayer money
Thursday, November 15th, 2007The FT reports that Alastair Darling now believes that the Northern Rock debacle could cost the taxpayer money because it may be unable to repay
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Northern Rock: the core of the issue
Monday, November 12th, 2007In response to my suggestion that I would block comments on this site unless coherent argument was offered, both Tim Knight and Roger Morley have
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Is Google evading taxes?
Monday, November 12th, 2007Not my suggestion, I got this one from the TaxProf Blog in the USA: Google Norway does its best to avoid paying Norwegian taxes, but
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The Left have to talk about distribution when discussing tax
Friday, November 9th, 2007There’s a good article in the Scottish newspaper The Herald this morning. Commenting on reports of the increasing income divide between rich and poor throughout
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Ireland fights for its tax rate
Wednesday, November 7th, 2007Irish Finance minister Brian Cowen is reported to have told Irish employers: that is committed to maintaining Ireland’s 12.5pc corporation tax – a key component
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Tax is going bananas
Tuesday, November 6th, 2007The Guardian’s front page this morning is dedicated to a single story. It leads with the comment that: Global banana companies supplying the UK are
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