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2010-11-10 Europe

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Posted by DarthVader 2010-11-10 12:54|| || Front Page|| [4 views ] Top

#1 FTA: Desperate to preserve the homegrown banking system, the governmentblind to just how sour Irish loans had goneyoked the fate of the nation to the fate of its banks. Along the way, the government was hobbled by faulty information from outside advisers, from a trust-and-don't-verify regulatory culture and from the troubled banks themselves.
This sounds just like the ol' USA.

Posted by Anguper Hupomosing9418 2010-11-10 13:51|| 2010-11-10 13:51|| Front Page Top

#2 Q: What's the difference between Ireland and Iceland?

A: One letter

Posted by Canuckistan sniper 2010-11-10 14:00|| 2010-11-10 14:00|| Front Page Top

#3 Ireland had the mother of all real estate bubbles.

The banking crisis will be over, when the RE bubble has finally burst completely, which is years away.

cf Japan

Posted by phil_b 2010-11-10 17:08|| 2010-11-10 17:08|| Front Page Top

#4 Best to burst those bubbles early.

Get housing affordable, and the cost of living down, and keep wage pressure low, and start up the economy.

Posted by Bright Pebbles 2010-11-10 18:12|| 2010-11-10 18:12|| Front Page Top

#5 BP- Of your list, Detroit easily meets items one and two, and is nowhere close to three and four. Worst of all is a fifth category - quality of state and local government. Cheap and plentiful housing, much of it simply abandoned awaiting repair, typical US consurmer goods availability, the home of rigid and recalcitrant unionization, moribund industry, and awful governance - though they're just beginning to fix that.

Posted by Halliburton - Mysterious Conspiracy Division 2010-11-10 23:21|| 2010-11-10 23:21|| Front Page Top

23:31 trailing wife
23:21 Halliburton - Mysterious Conspiracy Division
23:17 trailing wife
23:12 trailing wife
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22:39 Broadhead6
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20:47 newc
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19:37 Rambler in Virginia
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