Brendan Keenan: Ireland needs a global credit spree
Published 31/01/2010 | 12:41
Riding the whirlwind of someone else’s economic bubble would be nice – just so long as it bursts someplace else too
YOU could see where the money is. When the Republican won the Massachusetts Senate seat, shares in big pharmaceutical companies rose sharply.When US President Barack Obama announced his intention to put tough new rules on banks, Wall Street plunged 4 per cent.
It is therefore tempting to think that Mr Obama may be on to something in both healthcare and banking regulation. But the reactions also suggest that the American public is on the side of big business when it comes to healthcare, but hostile to it when it comes to banking.