On the 22nd Dec 2008

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What kind of Signal?...

Moral Hazard: The Government rewards bankers with a misconceived decision to avoid nationalisations.

Instead it’s soft loans for all. This means there’s no real upside for the people taking all the downside risk - the future Irish taxpayer.

What kind of ‘signal’ is that for powerful Irish business leaders and investors assessing big risks in the future?...

(Fair Use) Photo from the film “Pirates of the Caribbean - Curse of the Black Pearl”.

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Niall Kelleher - 21 Dec 2008

 

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