This video explains why Ireland is so deep in do-do. An amusing ditty keeps one going until the punch line – they are repaying bank debts with tax payer money that is then burned!
Allcoppedout's Blog
authorities gone mad
This video explains why Ireland is so deep in do-do. An amusing ditty keeps one going until the punch line – they are repaying bank debts with tax payer money that is then burned!
Allcoppedout's Blog 
The saddest part of the joke is that Anglo and INBS were not even so-called “system-relevant,” high street financial institutions, unlike, say, Allied Irish Banks or Bank of Ireland. They were purely involved in the property and speculation boom. It was the the bond-holders who, through influence wielded in Frankfurt, the City of London and, ultimately, Wall Street, persuaded those making the political decisions (most importantly, Timothy Geithner) to pressure the then Irish government to issue the blanket guarantee for all the banks. Bond holders like Roman Abramovich have made billions, courtesy of the Irish tax-payers. This is robbery of the poor by the rich, the many by the few, on a grand scale. Ayn Rand would be proud.
Where is Robin Hood when we really need him?
The full story on who is continuing to make money would be very interesting.