Pissed off about bank bail outs

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Zoe Chace. Prime Minister Viktor Orban stands in front of a bloodbath. Getty hide caption.

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Reader comments are listed below. Comments are currently closed and new comments are no longer being accepted. Ireland has not received a bailout.

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It's been ten years since the financial crisis, when barely regulated banks destroyed the world's economy, kicked off wars, and directly and indirectly killed millions. The Wall Street Journal is a curious beast; its news stories tend to be firmly reality-grounded because investors don't get a return on ideology, and reality has a well-know left-wing biaswhile its editorial page has grown steadily more troglodyte since Rupert Murdoch bought the paper. The WSJ's retrospective of the decade since the crash is much more in the reality-based news than the ideology-driven editorial section, despite a lot of editorializing. The financial crisis and the massive federal response reshaped the world we live in.

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The details are here. What's stunning about Saturday's bailout is that depositors with over K euros in a Cypriot bank will see a 10 percent tax instantly before banks reopen on Tuesday. Faisal Islam.

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Just a few minutes ago, CNBC's Bob Pisani complained that Americans don't understand that banks need to preserve the capital they've received from the government rather than lend it out. They're under intense pressure to lend when, in a sense, they should be doing the opposite. And it's impossible, it seems, to explain to the public exactly what they should be doing," Pisani said.

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But Whelan said he believed the European Central Bank ECB was putting pressure on the Irish government and Central Bank to offload the debt quickly — and that was costing taxpayers extra cash. Taoiseach Enda Kenny. You can obtain a copy of the Code, or contact the Council, at www.

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You are now logged in. Forgot your password? New Yorker financial columnist James Surowiecki, who can be very smart when talking about microeconomics, is less than very smart when talking about macroeconomic politics.

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Honohan said had been a high risk that even after three years of the bailout programme it would be too hard for the government to borrow money from anyone at reasonable terms and it would have to take a second bailout. You can obtain a copy of the Code, or contact the Council, at www. Please note that TheJournal.

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