![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhaSocYtnKuX_qf1mKBlhukEUhIkKfMi5D1sMy4UJZJNmrbLQyMOriASkOGu8kYqgbpLO_CBZ56UyjJ3rwgp_uXtpAqhM5G6bpl2F5d7ROJsZm5ilaj74_DeaZDbIKmsYitAmnd58e3ZU/s200/Rob+McEwen.jpg)
Monday, November 29, 2010
Rob McEwen interviewed
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhaSocYtnKuX_qf1mKBlhukEUhIkKfMi5D1sMy4UJZJNmrbLQyMOriASkOGu8kYqgbpLO_CBZ56UyjJ3rwgp_uXtpAqhM5G6bpl2F5d7ROJsZm5ilaj74_DeaZDbIKmsYitAmnd58e3ZU/s200/Rob+McEwen.jpg)
Financial Writers Slam Irish Bailout
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgK3wUzpy4sFVCYmxS4CcNDDRJXDqZwJfet_uXuT5SfD_9gYOo3BYHFWCnwXoFunRJ3POa1AvQQpwapEm2jCBHUHoVL9SFtIo6UO2OcSYakLQQNE0r6yNM5rXkzGlVSnES14Bowvjyss3E/s320/BOI.jpg)
Punishing the populace for the bankers’ sins is worse than a crime.
Paul Krugman wrote yesterday:
These debts were incurred, not to pay for public programs, but by private wheeler-dealers seeking nothing but their own profit. Yet ordinary Irish citizens are now bearing the burden of those debts. Punishing the populace for the bankers’ sins is worse than a crime; it’s a mistake.
Mike Whitney noted yesterday:
Don’t believe the hype about European unity or saving Ireland. My ass. This is about bailing out the banks. The bondholders get a free ride while workers get kicked to the curb.
And Mish pointed out last week:
Today the Irish Government sold its citizens into debt slavery by agreeing to guarantee stupid loans made by German, British, and US banks.........read on
Subscribe to:
Posts (Atom)