"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Iceland Shows Ireland Did ‘Wrong Things’ Saving Banks
Submitted by Michael Kleen on Fri, 2011-02-04 04:00
Unlike other nations, including the U.S. and Ireland, which injected billions of dollars of capital into their financial institutions to keep them afloat, Iceland placed its biggest lenders in receivership. It chose not to protect creditors of the country’s banks, whose assets had ballooned to $209 billion, 11 times gross domestic product.
1
Your rating: None Average: 1 (2 votes)
- Login to post comments
User Login
Search This Site
Recent comments
-
No real surprise.1 week 3 days ago
-
https://gx2527leftinvietnam.com/2 weeks 4 days ago
-
https://www.infowars.com/posts/alert-col-macgregor-warns-dem...6 weeks 2 days ago
-
And of course, both of the author/commentators are Jews. No...6 weeks 4 days ago
-
Surprised to see Switzerland at only 32/100. Would've be...8 weeks 1 day ago
-
https://www.infowars.com/posts/johns-hopkins-says-gun-contro...12 weeks 4 days ago
-
An early Christmas present, it seems -- here, some 17 years...16 weeks 5 days ago
-
Never Forget Building 7: https://www.infowars.com/pos...31 weeks 3 days ago
-
Straight out of the communist playbook, as per Saul Alinsky...50 weeks 2 days ago
-
It's certainly a step in the right direction.1 year 6 weeks ago
more