Thursday, 2 October 2008

the €420 billion Bank Guarantee

Even though Ireland and Irish economy are a fraction of the size of the U.S. our retarded political leaders have given the banks a guarantee roughly equal to the one the US congress rejected last week. Naturally everyone is delighted except the EU, Britain and foreign owned banks. In effect this country have rewarded the imbeciles who nearly collapsed the entire economy. Banana republic anyone?