Ireland is a Hedge Fund

By way of Paul Kedrosky’s Infectious Greed blog I read a post reframing Ireland’s recent bank guarantee scheme in terms of it being a hedge fund.

I’m not 100% au fait with all the financial terminology, but the takeaway message seems to be that this is an expensive guarantee to make.  But then again, when talking about international banking at the moment, what isn’t.

Worth a read.

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