Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
But of course that is not the problem of the creditor. Money is fungible. If Ireland borrowed x billion in 2008 or 2009, it used y billion for it's normal spending and z billion for the banks. But they didn't told me - the fictional bond buyer - about that. They just sold me a bond.

If you say "banks!" I will say "my credit paid for the unenmployed!"

by IM on Fri Feb 4th, 2011 at 09:05:01 AM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

Grexit and Propaganda

by Metatone - Jun 29
38 comments

Ready for tomorrow?

by Luis de Sousa - Jun 28
18 comments

Iron Curtain Mark 2

by DoDo - Jun 23
22 comments

End game for Greece?

by Frank Schnittger - Jun 20
352 comments

Welcome to post racial America*

by melvin - Jun 15
60 comments

EU 2014 Greenhouse Gas Emissions

by gmoke - Jun 23
3 comments

On the RhB 4: short lines

by DoDo - Jun 21
4 comments

Recent Diaries

Grexit and Propaganda

by Metatone - Jun 29
38 comments

Ready for tomorrow?

by Luis de Sousa - Jun 28
18 comments

Yap essence of money

by das monde - Jun 26
18 comments

Iron Curtain Mark 2

by DoDo - Jun 23
22 comments

On the RhB 4: short lines

by DoDo - Jun 21
4 comments

End game for Greece?

by Frank Schnittger - Jun 20
352 comments

Welcome to post racial America*

by melvin - Jun 15
60 comments

More Diaries...

Occasional Series