ECB Warns of `Herd-Like' Mentality in Derivatives

thanks newbunch..i wouldn`t have read that article if you didn`t give me a heads up on it.

keep up the good work....it was an interesting article...and I guess that`s another reason so many banks in ireland will get new poker accounts for online gaming.....they are not a bunch of "regulators" looking to destroy capital golden gooses like america!
 
Quote from newbunch:

I'm sorry I answered the original question. From now on, instead of answering a question I know the answer to, I will let you do your own research. Why waste my own time doing research for you when I already know the answer and you are too lazy to do the research on your own?
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it has absolutely nothing to do with laziness,
when someone makes a statement of fact it is helpful to have a citation.
unfortunately this board is replete with statements that are meant to be taken as fact and are dead wrong. ie hot air.

you received a "heads up" from bluestreak and others(silently) which you never would have gotten if you had not been prodded to post your source,
 
From the Telegraph: Debt-driven private equity houses face a tenfold increase in corporate defaults, one of the industry's leading figures has warned: “Debt markets have been loose on credit standards”.

Jon Moulton, the founder of Alchemy Partners, said he expected default levels across Europe to rise from the current EUR to "anywhere between EUR10bn and EUR40bn" over the next few years. There is currently EUR600bn of highly-leveraged debt backing European companies, the majority of which is held by private equity-owned businesses.

Even a rise in defaults to the low end of this range could mean "a highly leveraged company will get into trouble roughly once a week with maybe a third of them in the UK", he said.

Source
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/12/18/cnequity18.xml
 
Quote from yoohoo:

Well for a start, I'm in Ireland - if that's not enough the Guinness is great, the authorities are amenable, the girls are terrific and there's a Tax Free Zone.
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I never thought Ireland and "terrific girls" went together.
 
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