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What I'm suggesting is that Dublin saw what happened in the banking crisis in Britain, and that this whole affair has less to do with protecting deposits than keeping Irish banks Irish.  Nationalism at work.  Which doesn't play well in a common market.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
by ManfromMiddletown (manfrommiddletown at lycos dot com) on Thu Oct 2nd, 2008 at 03:15:16 PM EST
[ Parent ]
They're not protecting "the Nation". They're protecting the management of the banks in a first instance. Then then the shareholders, and finally the creditors as well as people with more than €20k in deposits.


A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Thu Oct 2nd, 2008 at 04:42:45 PM EST
[ Parent ]
I'm not going to argue with you.  But I think that the heart of it is naked greed dressed up in nationalism.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
by ManfromMiddletown (manfrommiddletown at lycos dot com) on Thu Oct 2nd, 2008 at 04:47:04 PM EST
[ Parent ]
Precisely.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Thu Oct 2nd, 2008 at 04:50:58 PM EST
[ Parent ]
Don't you want to help me guard me pot o' gold?

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
by ManfromMiddletown (manfrommiddletown at lycos dot com) on Thu Oct 2nd, 2008 at 05:00:22 PM EST
[ Parent ]

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