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VIDEO - Banking Troglodytes Cowen & Lenihan Show Respect For Billionaire Bondholders 

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Brian & Brian joint presser to announce the IMF, EU bailout.  Not a lot to this clip beyond further demonstration that banks and their bondholders control governments from Greece to Geithner's United States.

Anglo Irish Bank was a den of rampant and pernicious private development fraud that lined political coffers from here to Dublin.  It should have failed, and its executives jailed.  Instead, it survives by capturing the political class, and earning some alone time with the global bailout teat.

Next up, Portugal, Spain, then a solvency test for the Euro core.  When that's finally complete, attention will turn to U.S. insolvency.



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Reader Comments (4)

Nov 23, 2010 at 12:06 PM | Registered CommenterDailyBail
NEW YORK (MarketWatch) — U.S. stocks dove Tuesday as an exchange of fire between North Korea and South Korea rattled investors already headed for the exits over Irish debt concerns and an insider trading probe of the financial services industry.

Nov 23, 2010 at 12:07 PM | Registered CommenterDailyBail
WASHINGTON (MarketWatch) — Sales of existing homes fell 2.2% in October, according to a report released Tuesday, with activity remaining mired near record lows as worries over prices, a glut of foreclosed properties, restrictive credit and high unemployment combine to weigh on the market.

Nov 23, 2010 at 12:17 PM | Registered CommenterDailyBail
An Alternative To Treasury Bailouts: One That Aggressively Hurts Bank Bondholders (Janet Tavakoli)

Jan 13, 2011 at 5:42 PM | Registered CommenterDailyBail

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