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Author Topic: Want To Ruin Your Own Country? Assume Your Banks’ Liabilities  (Read 542 times)
98valk
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Posts: 13487


South Jersey


« on: December 15, 2010, 07:28:07 AM »



http://gonzalolira.blogspot.com/2010/12/want-to-ruin-your-own-country-assume.html


Compare-and-contrast the fates of Ireland and Iceland:


Both had the same problem: Disproportionately large banks for the size of their respective economies. Both banking sectors of both countries had taken on liabilities which rendered them vulnerable as a baby’s belly to a falling knife.
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1998 Std/Tourer, 2007 DR200SE, 1981 CB900C  10speed
1973 Duster 340 4-speed rare A/C, 2001 F250 4x4 7.3L, 6sp

"Our Constitution was made only for a Moral and Religious people. It is wholly inadequate to the goverment of any other."
John Adams 10/11/1798
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