European Tribune - Comments - Let Them Eat Shitpile(TM)

Let Them Eat Shitpile(TM) | 54 comments (54 topical, 0 editorial, 0 hidden)

Re: The Irish debt guarantee (none / 0)

I am sorry but I don't see any of these guaranties as credible. They just want to stop people from taking money from the banks but in case they really decide to take it...? I don't know if they can print money that fast? And we all know where this will lead. Hyperinflation!

by vbo on Mon Oct 6th, 2008 at 10:06:37 AM EST
[ Parent ]

Re: The Irish debt guarantee (none / 1)

The Danish guarantees are credible, because they only cover depositors, not interbank lending, and are capped somewhere in the fifth digit (in €). Even if the entire retail banking system falls apart (it won't... it probably won't), it won't be the depositor guarantees that break the Danish economy.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Oct 6th, 2008 at 05:03:09 PM EST
[ Parent ]

Let Them Eat Shitpile(TM) | 54 comments (54 topical, 0 editorial, 0 hidden)

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