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Anglo-Irish bank lured govt/central bank into bailout - tapes prove it

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  • Anglo-Irish bank lured govt/central bank into bailout - tapes prove it

    pretty incredible, worth a read

    http://www.independent.ie/business/i...-29366839.html

  • #2
    Re: Anglo-Irish bank lured govt/central bank into bailout - tapes prove it

    Originally posted by Chomsky View Post
    I haven't been able to listen to the whole thing, but it seems to be a perfect example of
    Akerloffs "looting the economic underworld: bankruptcy for profit" (brooking institute downloadable copy)

    Comment


    • #3
      Re: Anglo-Irish bank lured govt/central bank into bailout - tapes prove it

      Originally posted by Polish_Silver View Post
      I haven't been able to listen to the whole thing, but it seems to be a perfect example of
      Akerloffs "looting the economic underworld: bankruptcy for profit" (brooking institute downloadable copy)
      Reference: The Producers by Mel Brooks (except the plebes are the punchline in the real story).

      Comment

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