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« Geithner Announces Plans To Sell Remaining Citigroup Shares At $12 Billion Profit | Main | Tim Geithner Starts Blogging, Touts Transparency, But Still Won't Talk About Goldman Sachs Mystery Man Dan Jester »
Tuesday
Dec072010

"Irish People Owe Nothing To Banks & Billionaires - Refuse To Pay! Let The Banks Go Bankrupt NOW!"

Video and text from youtube page:  Ireland faces the most severe welfare cuts and tax hikes in its history - the high price it has to pay for receiving an international bailout. The budget is about to face a parliamentary vote, with protesters gathered outside the Parliament building.  But Socialist Party MEP, Joe Higgins believes the Irish financial system is already broken beyond repair.

Check out these amazing bank protest signs from Ireland:

 

 

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Watch this one...

This is outstanding.  Give it a chance.

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Reader Comments (10)

The seniority conundrum: Bail out countries but bail in private, short-term creditors?

Despite its large size relative to the small Irish economy, last weekend’s bailout is not working. Risk premiums continue to rise. This column argues that part of the problem lies in a seemingly innocuous provision in the rescue facility that is to replace the current European Financial Stability Facility in 2013. The argument is tricky, but the heart of the problem is the insistence that rescue financing be senior to private debt while simultaneously ruling out rescheduling of short-term debt.

http://www.voxeu.org/index.php?q=node/5891
Dec 7, 2010 at 8:30 PM | Registered CommenterDailyBail
Dec 7, 2010 at 8:31 PM | Registered CommenterDailyBail
A departing Democratic lawmaker says his party is paying a political price for doing the right thing and working to rescue the economy from the financial collapse of 2008.

In an interview with The Hill, US House Rep. Brian Baird (D-WA) defended the Democrats' decision to support the $700-billion TARP bailout of the Wall Street banks, which was signed by President George W. Bush shortly before he left office.

http://www.rawstory.com/rs/2010/12/dem-economy-crash-power-40-years/

crap sandwich...
Dec 7, 2010 at 8:57 PM | Registered CommenterDailyBail
Irish lawmakers offer initial OK for brutal budget

http://www.activistpost.com/2010/12/irish-lawmakers-offer-initial-ok-for.html
Dec 7, 2010 at 8:58 PM | Registered CommenterDailyBail
And once again, the RT is kicking the crap out of American journalists.
Dec 8, 2010 at 12:04 AM | Unregistered Commentermark mchugh
The Gros article from Vox EU also links to this one which corroborates much of what we've been saying all along:

http://voxeu.org/index.php?q=node/5887
Ireland’s rescue package: Disaster for Ireland, bad omen for the Eurozone
Dec 8, 2010 at 12:08 AM | Registered CommenterDr. Pitchfork
agreed mark..the rt does a better job than any us cable network...
Dec 8, 2010 at 12:09 AM | Registered CommenterDailyBail
very excellent link pitch..enjoyed that...
Dec 8, 2010 at 12:11 AM | Registered CommenterDailyBail
BRUSSELS — Fighting to support the euro amid continuing market uncertainty, European finance ministers played for time on Tuesday, making no pledge to increase their backstop fund for the currency and hinting that Portugal might need to take additional measures to fend off speculative attacks.

http://www.nytimes.com/2010/12/08/business/global/08euro.html
Dec 8, 2010 at 1:27 AM | Registered CommenterDailyBail

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