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Thread: Comical Ali: Cowen spoofs his way through a July '08 Bloomberg Interview

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    Default Comical Ali: Cowen spoofs his way through a July '08 Bloomberg Interview

    Ten weeks before the panicked September '08 Guarantee Brian Cowen, visiting the New York Stock Exchange, was asked why the values of Irish banks had plunged more than 70% and if the government planned to step in to save them.

    "It's important to point out that our banking system in Ireland is very well capitalised," he said. He said more...

    The Irish economy is greatly diversified...good public finance position.... sufficient room to manoeuvre.... no need to support banks...

    [ame="http://www.youtube.com/watch?v=vc8ykHoBXmQ"]YouTube- Insight For Ireland's Economy; Worldwide Effects Of Subprime Crisis[/ame]

    More on this by Ken Foxe in the Tribune who calls it 'a moment more befitting of Comical Ali, the famous Iraqi information minister, who memorably insisted the Second Gulf War was being won even as the tanks and troops of the United States encircled Baghdad.'


    Cowen hailed 'healthy' Irish bank system just weeks before it collapsed
    Last edited by He3; 28th March 2010 at 08:23 PM.
    "It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair.

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    Politics.ie Member Podolski1.5's Avatar
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    At least Comical Ali was funny.
    "The rich always betray the poor"- Henry Joy McCracken

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    Politics.ie Member hammer's Avatar
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    Very well capitalised


    Underlying fundamentals in the economy are sound
    If you exclude construction sector we are showing growth

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    I wonder if Bloomberg will sell the copyright on this to FG, it alone should be the Party Political in the forthcoming GE. Particularly when you realise her questions (and the idiot's answers) were rehearsed.

    "We don't have any significant exposure to the sub prime sector"

    Tell that to the people in negative equity, or those conned into "equity release" scams.

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    Politics.ie Member milipod's Avatar
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    I would prefer comical Ali

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    I haven't laughed so much in months ! .

    What a clown ! !:mrgreen:

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    Quote Originally Posted by Tigris Celtica View Post
    I haven't laughed so much in months ! .

    What a clown ! !:mrgreen:
    What is really hilarious is, that if you asked him the exact same questions now, you would get the exact same answers.

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    Holy....
    “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” - Friedrich A. Hayek

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    Quote Originally Posted by MPB View Post
    What is really hilarious is, that if you asked him the exact same questions now, you would get the exact same answers.
    Yes indeed - Mary Coughlan spewed out much of the same complete Horlicks on that BBC Hardtalk interview just recently. .

    We should all be taking to the streets and demanding that these fools are removed from office immediately and imprisoned for their criminal mismanagement of the country. Cowan remaining in office as he is is doing nothing for either the credibility or dignity of the office of Taoiseach. .

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    That performance deserves an Oscar.

    But in what category?
    "It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair.

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