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Strategies & Market Trends : The coming US dollar crisis

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To: Giordano Bruno who wrote (38165)5/9/2011 10:16:42 AM
From: ggersh  Read Replies (1) of 71475
 
And they rule the world -ng-
Fcukin banksters...

While most people would trace our ruin to to the bank guarantee of September 2008, the real error was in sticking with the guarantee long after it had become clear that the bank losses were insupportable. Brian Lenihan’s original decision to guarantee most of the bonds of Irish banks was a mistake, but a mistake so obvious and so ridiculous that it could easily have been reversed. The ideal time to have reversed the bank guarantee was a few months later when Patrick Honohan was appointed governor of the Central Bank and assumed de facto control of Irish economic policy.
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