Ireland's Fightin' President!

The Education of a Tea Party Blowhard, or, as Mr. Higgins puts it, a "wanker whipping up fear..."

The Madness of King Finance

Start at 21:45 and watch Simon Johnson of MIT tear into the global financial system.  Brilliant.

We have built an entire banking system on illusion.  The illusion of risk free assets.  We did it in the United States on mortgage backed assets. ...  The whole thing is a house of cards.

Ireland is the New Greece

Erin go bragh indeed...

IRISH DEBT was cut to “junk” status by credit rating agency Moody’s, last night, hours after the Minister for Finance said that measures to aid Greece proposed by euro zone finance ministers on Monday night would benefit Ireland.

The resulting downgrade is expected to lead to a sell-off in Irish bonds when markets open today as many lenders will only hold bonds considered to be investment grade by privately owned rating agencies such as Moody’s.