When Irish Eyes Are Crying

[The Judge]

Great Article

http://www.vanityfair.com/business/features/2011/03/michael-lewis-ireland-201103?currentPage=9

[Native Texan III]

It is all absolutely true except the Irish feelings bit.
Bricklayers and teachers were setting up property development companies overnight and borrowing from the banks to outbid Middle Eastern Sheiks for London property portfolios.The more you borrowed, the "safer" the loan and the bigger the banker bonus - the banker nut jobs will walk out if they don't get their $M bonuses - please do and quick. A generation of innocent Irish people have to pay for it all - not them.

"On Irish national radio recently, the insolvent property developer Simon Kelly, whose family’s real-estate portfolio has run up bad debts of 2 billion euros, confessed that the only time in his career a banker became upset with him was when he repaid a loan, to Anglo Irish, with money borrowed from A.I.B."

[highnote]

Excellent article. I was just about to post the link, too!

Great ending!