Relevant:
- Trichet Admits the Obvious "Risk Signals Are Flashing Red"; Ireland Snubs ECB With Renewed Threat to Bank Bondholders
- Terms of Enslavement; Irish Citizens Say "Default"; Agreement Violates EU and Irish Laws; 50 Ways to Leave the Euro
- Irish Bailout Falls Short; Irish Debt Rating Cut to Junk by Moody’s; Power of the "Trump Card"
- Anglo Irish Bank's debt rating cut to almost junk status
- Help Ireland or it will exit euro, economist warns
2010-09-23 — businessinsider.com
The nerve of these proles! As we all know, it is not proper to ask of the Western/Angle banking elite that those who lend money to failed banks take their share of the losses.
"It's unthinkable that Ireland would default on senior debt or that Ireland's banks would default on senior debt," Lenihan told Reuters in parliament. "Ireland is not prepared to be some kind of social experiment for bank default."
Ah, but what of the "social experiment" we are undergoing instead; shall we term it, "no money center banker left behind"?
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