To understand how Ireland got where we are today, its necessary to understand who invented new ways to make money - lending improperly and using derivatives to hide both the losses, and the profits.
Our problems on thsi side are as usual, but a pale reflection of what goes on in America, both currently and back in the Depression.
Someone made money back then and now, the favoured few who engineered it.
We need to send people to prison for misrepresentation and fraud and clean out the incompetent banks boards of directors.
Prosecuting Wall Street Fraud: The US Economy is A Giant Ponzi Scheme
http://www.washingtonsblog.com/2010/...-and-this.html
http://www.washingtonsblog.com/2009/...th-behind.html
And our own governments' treasonous strategy is economic terrorism - stop the banks lending, destroy any hope of recovery, beggar the Irish people - all in the name of returning us to competitiveness - bollocks!.
"...the Wharton School of Business has written an essay stating that restoring trust is the key to recovery, and that trust cannot be restored until wrongdoers are held accountable."
Heads must roll.



LinkBack URL
About LinkBacks
Reply With Quote