Bailout for Anglo gamblers is crazy
Published 05/01/2010 | 05:00
Anglo Irish Bank is not systemically important to this country. It is, however, systemically important to the first people in history to profit from the collapse of a pyramid scheme.
Surely the single greatest combined insult to our intelligence, and our capacity for suspension of disbelief, is the cock and bull story that passes for our Government's policy with regard to this monumental hole in the ground.
The events at Anglo, alongside the ongoing rescue operation, frame the true nature of this society. All, it seems, will be sacrificed to raise up and maintain a small minority.