Survival of the weakest, only in Ireland.

If the State can’t organise a bailout effectively then what hope have they of running a bank? A simple and yet profound question: if the bankers who run banks for a living (many having survived the 70’s and 80’s) can’t find the answers then what hope have the state who have no track record in doing so?

This is not a simple situation, banks that survived the Great Depression have crashed and burned, given this, is it vital to save every bank? Is a bank going to make it even with a slush fund? Thus far I remain unconvinced.

Anglo Irish Bank was set to get a bailout to the tune of 1.5 billion Euro. This couldn’t be arranged in time to save the bank and they have been nationalised, the speed of their fall from grace tells us at least some basic facts:

Anglo were not the strongest bank in the bunch, I won’t get into balance sheets, loans, impairments or anything else, the mere fact that they fell first …

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New Iranian Oil bourse, it might just get them bombed.

When it comes to Uncle Sam and oil you simply don’t mess around. I don’t mean that in a frivolous way either, playing about with Oil supply will get you invaded, it has happened before (both Gulf Wars) and can/will happen again.

Iran’s leader Mahmoud Ahmadinejad might not be your favourite leader, and he does some of the disgraceful things that are a hallmark of some Middle Eastern politicians, such as claiming there was no holocaust. Perhaps for them ‘holocaust’ is subjective given that there is one happening in Iraq today and nobody is talking about it any more than the SS did back in the 1940’s, the only saving grace at the moment is that it is not a state sponsored exercise. Anyways, Ahmadinejad might not be to your liking but he is the legally elected President and the leader of Persia, thus far his wild comments and defiant stance when it comes to things like nuclear power have brought about international pressure but the thing that might make his country the final resting place of many bombs is …

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