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| Economy |
| Irish Banks Giving Unsecured Loans to Themselves |
| 2011-02-18 |
| Posted by:Anguper Hupomosing9418 |
| #1 Karl Denninger's summary of this situation: That's raw money printing which is supposed to be illegal in the EU. It is identical to me printing up a $100 billion bond on my laser printer, putting my name on it as the issuer and the owner, and then saying "ok, I have $100 billion." |
| Posted by: Anguper Hupomosing9418 2011-02-18 16:46 |