But I imagine the people buying and selling those failing bonds still took a commission
14 karma · joined February 4, 2011
http://www.slideshare.net/whatidiscover/open-innovation-in-a...
Why can't we have our own TLDs - just like we have our own browsers and servers.
Having 4 competing operating systems, each with their own layers of management and their own VPs all fighting each other - counts as R+D spend.
"We will just do what we have always done when the government fucks-up - we emigrate!"
There is no limit to how much government's can spend, however they get the money!
He said he had two maps on his wall, one of the eastern bloc enemy and a bigger one of his minister's constituency - a crisis (eg a pothole) in the constituency was the priority.
Most of these are high street banks (equivalent to S+L) that were making housing loans. You want to tell pensioners that their life savings are gone and the government is not going to do anything?
It might work - but it also means people will stop putting their money into banks, which means no credit cards, no business loans, no mortgages, no saving, no insurance. So everybody will only deal in cash which means no taxes.
Admittedly ireland is probably closer to a 12th century barter economy than the rest of europe - but I don't think it really wants to go there.