If you thought the bank bailout was bad, wait until the mortgage defaults hit home

[corkpunter]

Very good piece in the Irish Times yesterday by Morgan Kelly.
If you thought the bank bailout was bad, wait until the mortgage defaults hit home - The Irish Times - Mon, Nov 08, 2010

Lots of opinions and more info on what it all means and why you should actually listen to Morgan Kelly, he is one of the few that has been right over the last decade and has voiced his concern while everyone else was saying it was grand.

Irish Economy - boards.ie


Actually, I'm sorry, I can't post the text:

The text that you have entered is too long (18083 characters). Please shorten it to 10000 characters long.

so enjoy it via the external URL.

[Westsidex]

I havnt gone to those links and wont. Stop listening to these ppl and stop reading the papers. You will only wreck your own health.

Westside.


PS lots of Pubic Service jobs will go in the new year. Ohhhhhhh lads are we shaking in our working slippers?

[magicalman9357]

Just read the article and so very depressing. Where are we all heading, I wonder.

[Westsidex]

Where are we all heading, I wonder.

Well im heading to the shop soon if thats any help.

Westside.

[scotus]

Amidst all the depressing news and reports, I heard one little snipett that made me smile.

Referring to the original idea of converting Anglo into a good bank and a bad bank, the interviewee said that in fact it had been converted into a bad bank and a worse bank.