Over-the-counter Derivatives

[Holly]

On Frontline which was aired on RTE 2 tonight, the danger of unregulated over-the-counter derivatives was explained. Essentially, these financial products which remain unregulated in international markets contribute to instability being among "toxic assets" held by many banks.
http://www.npr.org/blogs/thetwo-way/2009/10/frontline_look_at_woman_who_ga.html

Given Ireland's poor record on bank regulation under the Fianna Fáil government, I am wondering whether AIB or Bank of Ireland has any of these derivatives on their books.

[ang]

NAMA is "minding" loads of derivatives for the banks and the banks didn't even charge NAMA for taking them off their hands.

[Holly]

NAMA is "minding" loads of derivatives for the banks and the banks didn't even charge NAMA for taking them off their hands.

NAMA = dead loss.

[TotalMayhem]

NAMA = dead loss.

http://i.imgur.com/aLoup.png

[ang]

NAMA = dead loss.

100% agree with that Holly :)


http://i.imgur.com/aLoup.png

Love that TM :D:cool::cool::D

[disability student]

It was interesting programme allright as regards to Deriatives. Notice that USA bigwigs have blocked successfully anti Deriative programme developed by woman lawyer named Born. The economic collapde could be seen and traced back to their decisions where the faultine lies. It's all the more likely that it will happen again if it is not rectified by then.

Still their leopard spots haven't changed at all since then.