Category: Ireland

Banking’s Wild Geese: Part 2, the recovering

7 October, 2009 (10:01) | Capital markets, Ireland, Lehman, Subprime, US News | No comments

[Continued from yesterday's Part 1.]
 
By: David A. Smith
 
Yesterday’s post followed banking’s Wild Geese – the former Lehman traders, bankers, and salesmen, profiled in a recent New York Times article, whose lives exploded when their firm did.
 

Three of Lehman’s Wild Geese: unemployed Gelber, gentlemen of leisure Linton, plugger Ollquist
 
Like the dispersed Irish mercenaries, they are defined [...]

Banking’s Wild Geese: Part 1, the casualties

6 October, 2009 (11:23) | Capital markets, Ireland, Lehman, Subprime, US News | No comments

By: David A. Smith
 
O the Wild Geese are flying, O the Wild Geese are flying.
We’ve built your canals and railroads, our buildings reach the sky
– “The Wild Geese,” by Mike Harding
 
In 1691, after the Williamite Army crushed the Irish Jacobite army in the Battle of the Boyne, their army was allowed to disperse.  They took [...]

US property taxes: Part 2, local autonomy = local initiatives

24 July, 2009 (09:52) | Government, Ireland, Local issues, Primer Posts, Real estate taxes, Speculation, Theory, US News, Zoning and land use | No comments

[Continued from yesterday's Part 1.]
 
So there I was, mid-May in Dublin at the Foundation for Fiscal Studies’ 24th annual gathering, The Fiscal Treatment of Property, expanding on the topic Lessons from the United States and explaining US real estate taxation to a roomful of tax wonks. 
 

Class, can you say ‘locally autonomous control’?
 
[Click here to [...]

US property taxes: Part 1, local tax = local autonomy

23 July, 2009 (10:55) | Government, Ireland, Local issues, Primer Posts, Real estate taxes, Speculation, Theory, US News, Zoning and land use | 2 comments

What if you woke up one morning and local property taxes has been abolished?
 
No real estate tax escrows collected by your mortgagee. 
No assessments, no city assessors.
 
Before you smile too broadly, I have to mention some other George-Spiggott-inspired conditions of the scenario:
 

I want only your immortal soul
 
No local autonomy on schools, police, fire, health.  All [...]