Tuesday, September 17, 2013

Irish Bank Thieves

Ireland Bank Tapes Leaked - The Snowden Effect: Ireland Edition - Esquire:
...I think "Forget about reality because it's not working" should be tattooed on the forehead of every major banker from Jamie Dimon to these thieves over here. The tapes also are fairly clear evidence that complete amorality among the financial services industry remains far from an American phenomenon. It's important to remember that, not long ago, as the bubble was building, Ireland was Exhibit A for the case being made by the master thieves that a combination of deregulation and cowboy banking was the golden staircase. The Celtic Tiger, remember? In point of fact, the Irish bubble was even bigger and more fragile than ours was, and when it popped, it did so with a far louder bang. In the aftermath, however, there was even less transparency as to the causes of the crash than there was in the United States...

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