they wouldn't have needed a bailout if they had only guaranteed
bank deposits. the politicians had no idea of the extent of the
depth of depravity those banks had gotten themselves into.
obviously the government had not done any DD, thus by guaranteeing
all of the debt of the banks (bonds et al. they doomed the country
entire financial foundation). Portugal will be a quick fix,
Spain will be the Euro countries quagmire and a big boost for the
dollar and hard assets (think gold and canned goods) come sometime
in 2011.
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Ireland bailout
Ireland - Pulled by the ear to a bailout...
Posted by hazbin1 on 22nd of Nov 2010 at 09:05 am
they wouldn't have needed a bailout if they had only guaranteed bank deposits. the politicians had no idea of the extent of the depth of depravity those banks had gotten themselves into. obviously the government had not done any DD, thus by guaranteeing all of the debt of the banks (bonds et al. they doomed the country entire financial foundation). Portugal will be a quick fix, Spain will be the Euro countries quagmire and a big boost for the dollar and hard assets (think gold and canned goods) come sometime in 2011.