Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
The Irish mess started when foreign banks and other financial institutions lent money to Irish banks who turned around and created a real estate bubble.  If anyone in that chain had done due diligence they would have KNOWN they were sending good money into a black hole.  

Simply put: there's a case to be made the Irish and foreign financial institutions are guilty of malfeasance.  In which case they can go whistle for their money.  Illegal acts do not constitute a binding contract.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Fri Feb 4th, 2011 at 01:37:29 PM EST
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