Last edited by Factorem; 16th January 2009 at 02:52 AM.
Irish Bank Crisis Endangers Chicago SpireThe bank's stock has lost 98 percent of its value since reaching a high in 2007, and its chairman quit after investigators discovered he would hidden about $121 million of personal loans he got from the bank.
Jesus, €87m looks even worse written as $121m, or, 12% of a billion dollars.
As for the Chicago Spire, built on shaky foundations it seems.
Is the public sector worker now going to have to pay up these reckless debts for the private sector by wage cuts?
Of course! Save the private sector bankers and those who spent millions and billions with no regard, public sector workers can pick up the tab if it all goes belly up!
Hey, we own that hole in the ground in Chicago now!
In fact, I think everyone should download a picture of that hole.. and send it to everyone else on their mail address books, to be used as a screensaver...
So that every single person can get some tangible understanding of what the Irish Government has just mortgaged the natures future to save...
A big fu**ing hole in Chicago
I was in university with Gareth. He was the most charismatic guy I ever knew. I hope it works out for him.