Are international investors taking advantage of toxic bank assets?

[Nicholas Wallwork]

News that the Irish authorities have sold off a property portfolio of 850 houses valued at £4.5 billion for around £1.3 billion has certainly caught the attention of many investors. While the authorities have not been able to confirm or deny the price received for the £4.5 billion portfolio it is believed there was a [...]

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[totallyproperty]

Personally I think that governments around the world have little choice because many of them have a terrible track record of managing assets on behalf of tax payers.