Home › Forums › Financial Markets/Economics › Celtic Tiger – Funny & Honest Bit from an Irish
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December 11, 2010 at 8:51 AM #18279December 11, 2010 at 1:15 PM #638456
briansd1
GuestThat was a good one, SD Transplant.
I think that the Irish people let their government screw them though.
The Irish government didn’t have to bail out the banks and nationalize all the debts, but they chose to so, at a cost of 56% of GDP. Imagine that staggering amount.
They should have let the banks fail and the bond holders and stockholders take the hit. It would have been bad for the Euro, but much better for the Irish people.
In America, we have backstopped the banks’ losses too, but at least we have the printing presses to lighten the debt loan. Ireland will suffer with years of internal deflation.
Time and again, as Ireland’s banking crisis deepened, estimates rose for the cleanup. The bill to taxpayers for the bailout has swelled to 84 billion euros, 56 percent of gross domestic product, the result of a government decision to backstop the banks’ losses.
December 11, 2010 at 1:15 PM #638528briansd1
GuestThat was a good one, SD Transplant.
I think that the Irish people let their government screw them though.
The Irish government didn’t have to bail out the banks and nationalize all the debts, but they chose to so, at a cost of 56% of GDP. Imagine that staggering amount.
They should have let the banks fail and the bond holders and stockholders take the hit. It would have been bad for the Euro, but much better for the Irish people.
In America, we have backstopped the banks’ losses too, but at least we have the printing presses to lighten the debt loan. Ireland will suffer with years of internal deflation.
Time and again, as Ireland’s banking crisis deepened, estimates rose for the cleanup. The bill to taxpayers for the bailout has swelled to 84 billion euros, 56 percent of gross domestic product, the result of a government decision to backstop the banks’ losses.
December 11, 2010 at 1:15 PM #639110briansd1
GuestThat was a good one, SD Transplant.
I think that the Irish people let their government screw them though.
The Irish government didn’t have to bail out the banks and nationalize all the debts, but they chose to so, at a cost of 56% of GDP. Imagine that staggering amount.
They should have let the banks fail and the bond holders and stockholders take the hit. It would have been bad for the Euro, but much better for the Irish people.
In America, we have backstopped the banks’ losses too, but at least we have the printing presses to lighten the debt loan. Ireland will suffer with years of internal deflation.
Time and again, as Ireland’s banking crisis deepened, estimates rose for the cleanup. The bill to taxpayers for the bailout has swelled to 84 billion euros, 56 percent of gross domestic product, the result of a government decision to backstop the banks’ losses.
December 11, 2010 at 1:15 PM #639244briansd1
GuestThat was a good one, SD Transplant.
I think that the Irish people let their government screw them though.
The Irish government didn’t have to bail out the banks and nationalize all the debts, but they chose to so, at a cost of 56% of GDP. Imagine that staggering amount.
They should have let the banks fail and the bond holders and stockholders take the hit. It would have been bad for the Euro, but much better for the Irish people.
In America, we have backstopped the banks’ losses too, but at least we have the printing presses to lighten the debt loan. Ireland will suffer with years of internal deflation.
Time and again, as Ireland’s banking crisis deepened, estimates rose for the cleanup. The bill to taxpayers for the bailout has swelled to 84 billion euros, 56 percent of gross domestic product, the result of a government decision to backstop the banks’ losses.
December 11, 2010 at 1:15 PM #639560briansd1
GuestThat was a good one, SD Transplant.
I think that the Irish people let their government screw them though.
The Irish government didn’t have to bail out the banks and nationalize all the debts, but they chose to so, at a cost of 56% of GDP. Imagine that staggering amount.
They should have let the banks fail and the bond holders and stockholders take the hit. It would have been bad for the Euro, but much better for the Irish people.
In America, we have backstopped the banks’ losses too, but at least we have the printing presses to lighten the debt loan. Ireland will suffer with years of internal deflation.
Time and again, as Ireland’s banking crisis deepened, estimates rose for the cleanup. The bill to taxpayers for the bailout has swelled to 84 billion euros, 56 percent of gross domestic product, the result of a government decision to backstop the banks’ losses.
December 11, 2010 at 6:38 PM #638531patb
Participantwe have the presses, until we don’t
December 11, 2010 at 6:38 PM #638603patb
Participantwe have the presses, until we don’t
December 11, 2010 at 6:38 PM #639186patb
Participantwe have the presses, until we don’t
December 11, 2010 at 6:38 PM #639319patb
Participantwe have the presses, until we don’t
December 11, 2010 at 6:38 PM #639635patb
Participantwe have the presses, until we don’t
December 11, 2010 at 9:31 PM #638576temeculaguy
ParticipantThat was funny, I love the ending when the guy gets mad because the reporter says Michael Flatley is from Chicago. It forced me to look it up, it’s true, born, raised and learn to dance in…Chicago. Reminds me of how mad every Italian relative of mine gets when I bring up the fact that Christopher Columbus wasn’t Italian, he didn’t even know the language.
December 11, 2010 at 9:31 PM #638648temeculaguy
ParticipantThat was funny, I love the ending when the guy gets mad because the reporter says Michael Flatley is from Chicago. It forced me to look it up, it’s true, born, raised and learn to dance in…Chicago. Reminds me of how mad every Italian relative of mine gets when I bring up the fact that Christopher Columbus wasn’t Italian, he didn’t even know the language.
December 11, 2010 at 9:31 PM #639231temeculaguy
ParticipantThat was funny, I love the ending when the guy gets mad because the reporter says Michael Flatley is from Chicago. It forced me to look it up, it’s true, born, raised and learn to dance in…Chicago. Reminds me of how mad every Italian relative of mine gets when I bring up the fact that Christopher Columbus wasn’t Italian, he didn’t even know the language.
December 11, 2010 at 9:31 PM #639364temeculaguy
ParticipantThat was funny, I love the ending when the guy gets mad because the reporter says Michael Flatley is from Chicago. It forced me to look it up, it’s true, born, raised and learn to dance in…Chicago. Reminds me of how mad every Italian relative of mine gets when I bring up the fact that Christopher Columbus wasn’t Italian, he didn’t even know the language.
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