These guys are in to made a $ …………..so all is not lost !

Time to buy a few shares!!!!!

If we get to keep the NAMA properties then this is great news for the state.

In my humble opinion protected by the right to free speech and all that stuff, NOW COULD BE A GOOD TIME TO BUY BANK OF IRELAND SHARES AND OR BONDS.

Obviously with new investors subscribing the new shares issued by BoI, the bank will escape nationalisation, which bodes well for its long term credibility. These new investors now hold 34.9% of BoI, the state 14.9%, and initial shareholders 50%.
But take a closer look at one of these new shareholders: Capital Research. They also happen to be a hedge fund and one of the leading shareholders of…. MOOODY’s Investors services! (Moody’s is 100% owned by a handful of hedge funds).
In my humble opinion, Moody’s ratings of BoI (now at Ba1, that is “Junk” level) are quite likely to improve markedly within a month.
Interetstingly enough, since Monday 18th July, the cost of insuring against a credit default by BoI (Credit Default Swap) has shrunk by 35%. And counting…… Looks like hedge funds are inverting their positions from short to long.