January 2012
2 posts
Secured vs unsecured
Irish taxpayers are unhappy. Why? Because they’ve been told that they have to pay back investors who lent money to a bank called Anglo Irish, which went bust and was bought by the state last year.
The reason they’re upset is not just because it’s a lot of money - more than a billion euros, or because Ireland is in no shape to be paying vast amounts of money out to anyone....
Private equity explained
Here are two words we’ve been seeing a lot in the headlines recently. Private equity.
Private equity, or PE, as it likes to be known in the trade, doesn’t like being in the headlines. It’s been there before, back in the 80s, and it didn’t enjoy the experience. The press wasn’t exactly flattering. In fact the press was so bad that PE changed its name. PE It used to be...