Banking buffoons of Ireland's 40bn fiasco

[oildaytrader]

This is not a joke.

http://www.telegraph.co.uk/finance/...t-of-Irelands-bank-bail-out-to-hit-40-bn.html

 

[meanreversion]

I wonder if the pound sold off because it's ANGLO Irish bank.

 

[oildaytrader]

I wonder if the pound sold off because it's ANGLO Irish bank.

Here is the answer

http://uk.reuters.com/article/idUKLDE68T27D20100930

 

[spreader_legger]

Everyone wants weaker currencies ... typical beggar thy neighbour strategy.
Bean mentioned however that we are unlikely to see near zero interest rates for more than a decade ... hmmm