May 14, 2010

Bailing out!

They say we should help the banks. They say if the banks collapse, all the economy will fall down with them. They say it's vital to the world, to the country, to the people. They have keeping saying that for more than 100 years, and will be saying that for the next 100, then for the next 100, and then the next, the next...

We say "That's enough!" Here in Ire-land, the Taoiseach washed his hands speaking to a group of people, saying "the government" was giving/taking wrong advices. As he were not part of "the government".

Banks were irresponsible - aren't they meant to be? They are always trying - generally with success - to take advantage over everybody else (bankers would even sell their mothers for a good rate!). It is the government economists' dutty to regulate them, but regulation seems to be something evil, prohibited, old-fashion and outmoded - according to the liberals primer, of course. But now the government wants to pay the banker's bill with consumer's money. The same money which should go to education and health - to say the least.

No, sir, it doesn't sound right at all!

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