Irish bailout, another big mistake.
Hardly worth reiterating the obvious, but worth mentioning the subtle " Irish bailout " just because of the parties involved. These parties I speak of, are of course the very same banks sitting on top of a massive central bank system that have been dispensing loans at a rate that nobody could have considered sustainable. Yet beyond dealing with the problem of our banking system in America, Americans are now bailing out Irish banks. Because a lot of the money is coming from an EU-IMF pool containing American tax dollars, it would be a crime not to mention the story . Irish Finance Minister Brian Lenihan needs to inject at least 5 billion euros ($6.8 billion) more cash into the country’s two biggest lenders immediately as part of Ireland’s international rescue, analysts said. Indeed. Between the nationalization of Irish banks by the government and future potential IMF contributions to the ailing country, one has to wonder when any of this will end. Of course it's