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Tuesday, February 1, 2011

Did you catch this one?

Seems letting some of the banks fail might have been the better alternative...

http://www.bloomberg.com/news/2011-02-01/iceland-proves-ireland-did-wrong-things-saving-banks-instead-of-taxpayer.html
Posted by PK at 7:04 AM

1 comment:

  1. WesTuesday, February 1, 2011 at 8:00:00 AM CST

    i did not see that specific article, but, i have read that Iceland is doing well...

    ...bond holders need a haircut, they are not unlike equity investors, in any case...

    we will see what Ireland does after this change in government, they may chose to repudiate the agreement with the EU...Ireland cannot support the whole EU...that is also unjust...freakin' banksters

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