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impatient, obnoxious, petty, argumentative, and obsessed over meaningless details

Tag Archives: government

The Shakedown 2013

from Japlandic / found on NamaWineLake

nama swag bag

Its the guys who brought you “shirt off my back”:

“Daylight robbery: European Commission subject of playful protest over bailout”

aidanoliver

whoot there it is

enda kenny vs bruce buffer

2011-05-24 11:40:53

Obama vs Randy ‘The Natural’ Couture

First few seconds of this:

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vs

ein reich, ein volk, ein martin

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everyone’s to blame

follow up to lenihan party hard:

At the end of animal farm the pigs became almost identical to despised Farmer Jones

FORMER Financial Regulator Brian Patterson has hit out at the media for being overly gloomy in a speech which saw him blame “everybody” for the country’s economic woes.

Mr Patterson — who led the regulator at a time when banks such as Anglo Irish and Allied Irish Banks were recklessly lending billions to builders — made no reference to the role the failure of regulation had in the collapse of the economy.

He instead suggested that people who had bought houses or shares during that period were somehow responsible for what has happened.

“We were all responsible,” he said several times in a speech that also extolled “our wonderful health system” and a democracy that allows a change of government without military coups.

Mr Patterson, who retired as chairman of the Financial Regulator back in 2008 when Patrick Neary was still chief executive, used a Christmas speech to Kilkenny Chamber of Commerce yesterday to criticise his former employer, the ‘Irish Times’, and several other news organisations for allegedly stoking gloom across the country.

He reserved particular criticism for UCD academic Morgan Kelly, who correctly predicted the collapse in house prices and, more recently, predicted that the number of people defaulting on mortgage payments will jump.

The current chairman of Vodafone Ireland added that he intends in future to avoid negativity, and no longer reads Morgan Kelly, no longer watches Vincent Browne, reads Shane Ross or listens to Joe Duffy.

He sounds as well informed as Sarah Palin.

Now compare him against this guy from England who calls it like it is. His is not stupid enough to blame everyone and Vincent Browne/Morgan Kelly etc in particular. He says it was greedy and corrupt politicians:

Read more of this post

ireland plays heads up poker with IMF

cant read my poker face

irishtimes.com:

Minister for Enterprise Batt O’Keeffe described the situation as being akin to a poker game.

“We’ve got to play poker over the next couple of days to see what cards these people have to play, what exactly they have in mind. We would like to see the colour of their money,” Mr O’Keeffe said referring to any offers of financial assistance from the ECB or IMF.

I wonder if Lenny is playing Texas Hold’em – I hope he knows that any 2 cards can win heads up. Maybe they should have a chaity 45 drive to raise the cash instead.

The wsj has its money on Ireland:

The Irish are a nation of gamblers. The country may be struggling with the burden of a huge government deficit, soaring borrowing costs and a deeply damaged banking system, but it would be dangerous to bet against Dublin winning its high-stakes game of poker with the European Union over a possible bailout.

Ireland’s aim is to secure a deal on the most favorable terms, including, crucially, the retention of its ultralow corporate-tax rate, a potent symbol of economic sovereignty that the minority Fianna Fail government is determined to protect at all costs ahead of next year’s likely elections.

Dublin still has the strongest hand. The first thing in its favor is that no one can force it to accept a bailout; Ireland has to ask the European Union for help. And given that the Irish government is fully funded until the middle of next year, it can in theory drag this situation out for months. If it did that, of course, contagion would likely spread quickly across the euro zone, as Tuesday’s stock and bond selloffs showed, threatening the survival of the common currency. In that sense, Ireland is armed with a nuclear weapon.

In contrast, the EU is armed only with bows and arrows. There is very little it can do to force Dublin to seek an early bailout. The one pressure point is Ireland’s banks, now able to survive only thanks to European Central Bank funding. But so long as the banks are still able to post eligible collateral, the ECB has little option but to continue accepting it, even though its lending to Ireland now totals €130 billion, equivalent to 80% of Irish GDP, much of it in the form of Irish domestic mortgage-backed securities specifically created to meet the criteria for the ECB’s lending facilities. If the ECB were to impose an arbitrary limit on Irish borrowing, it could spark panic across the euro zone. Read more of this post

Irish Pride to blame

The brits want to help us out:

NY Times

The British government signaled Wednesday that it could offer direct financial assistance to Ireland, even though Britain is outside the euro zone, as prospects grew for an international rescue package to avert another European debt crisis.

Irish pride is an important factor, given how long the country and its currency were tied to Britain and the pound

Innocent loaf of bread is the one responsible for Irelands predicament

Belfast Telegraph says:

Irish pride may be its economy’s downfall.

A hand-up, not a hand-out, is the slogan of The Big Issue magazine for the homeless. But whatever way you care to describe it, the Irish government appears determined to resist a bailout from the EU’s emergency funds for distressed eurozone members.

German magazine Der Spiegel says:

“But is there anything to the accusations that the German government is to blame for the latest escalation of the crisis? Because the chancellor wants to see investors as well as taxpayers financing the rescue of a euro state from 2013?”

“If Merkel were to abandon her plans, then it would be paradise for investors and unsolid governments. The speculators could charge high interests on Irish or Greek bonds without any risk of losses. … And the Greeks could continue with their record indebtedness, because they would have no more pressure from the financial markets and in an emergency would be rescued by their euro partners. The euro zone would become a transfer union, to the detriment of the taxpayers, and the euro would soon fall apart.”

I think the answer is clear, we should use this song as our next Eurovision entry: Read more of this post

taste of a sausage sandwich

I saw this on gammagoblin.blogspot.com a while back but I cannot get it out of my head after seeing Biffo on tv this week:

hairshirt budget

Due to the fact that some of them do not even know the law there is something that bugs me about the gardai using gangster cars. It does’nt even warrant a post of its own. There is however something is clearly wrong with biffo talking about a hairshirt:

TAOISEACH Brian Cowen last night set the scene for a hairshirt Budget by delivering a stark warning about the state of the public finances.

In an off-script address at a chamber of commerce event in Monaghan, he said he wanted to bring it down to “brass tacks”, instead of talking about all the zeros and the billions.

He said the Government was trying to fix the “major hole” in its tax base, following the disappearance of one third of revenues due to the economic crisis.

“This year, we’re spending €50bn and our revenue base is €32bn. Let’s put that in context. One half of total revenue is being devoted to the health service presently,” he said.

“Major hole”, come on, stop

J Peterman comes to mind:

“It’s a hot night. The mind races. You think about your knife, the only friend who hasn’t betrayed you, the only friend who won’t be dead by sunup. Sleep tight, mates, in your quilted chambray nightshirts.”

Peterman: I know what you’re going through. I too once fell under the spell of opium. It was 1979. I was travelling the Yangtzee in search of a Mongolian horsehair vest. I had got to the market after sundown, all of the clothing traders had gone, but a different sort of trader still lurked about. “Just a taste,” he said. That was all it took. Elaine: Mr. Peterman, I don’t know what’s going on here. I am not addicted to anything.
Peterman: Oh, Elaine. The toll road of denial is a long and dangerous one. The price? Your soul. Oh, and by the way, you have til’ 5:00 to clear out your desk. You’re fired.”

J. Peterman: (speaks in rough and foreign tones to a Burmese boy, who bows and rushes from the room)
Elaine: You speak Burmese?
J. Peterman, with the utmost seriousness: No, Elaine, that was just gibberish.”

“You most likely know it as Myanmar, but it will always be Burma to me. Bonne chance, Elaine. You there on the motorbike! Sell me one of your melons!”

I read that a Hairshirt was also another word for a cilice, as used by the nutjob opus dei priest to punish himself in the davinci code. Brian is an unlikely punisher.

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