Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
You may be right.  I think that this is more than simple deposits, but alas, that's where the potential to spark bank runs is at.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
by ManfromMiddletown (manfrommiddletown at lycos dot com) on Thu Oct 2nd, 2008 at 04:35:01 PM EST
[ Parent ]
In that context, this is hilarious, too:
On State involvement in the banking sector, Mr Lenihan said he did not favour taking shares in banks if it could be avoided.

"I don't believe the State should be taking risks on private enterprise. If there's a need for rationalisation in the banking industry then lets get on with that," he said.

Right, guaranteeing debt and deposits is not "taking risks".

Only the shareholders take risks, well known fact.

Who the fuck do they think they're kidding? (Apart from the Dáil)

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Carrie (migeru at eurotrib dot com) on Thu Oct 2nd, 2008 at 04:39:45 PM EST
[ Parent ]


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