Securitisation
If a an Irish
financial institution has say 10.000 mortgages on its books, it can
package all
The drawback for
Ireland of Securitisation is disastrous:
1,
The money from securitisation mainly
comes from outside
2
We get one swipe at it for taxation;
estimated to have been €100,000 for each house. But
3
The Securitisation money was pouring
into
4 Our well educated youth are now in massive net equity. What bigger insult could we impose on our youth in a system that reveres money and wealth?
5
The annual repayments on worthless
securitised loans are
6
Ironically, this would be what
7
The absence of rates shoved up
8
If
9
€60billion of Securitisation deals is
what I counted. There is more, but time dictates my application to this
subject.
The negative Equity in connection with Commercial Securitisation has
not been
calculated by me ei
10 This
is killing local trade. I calculated
€
Clare
106m |
|
Leitrim
27m |
Mayo
117m |
Roscommon
55m |
|
Cavan
60m |
Donegal
140m |
Monaghan
53m |
Longford
33m |
Westmeath
76m |
|
The lure of
continued
borrowing from abroad caused our property developers and bankers to go
ape! If
we have to pay