Central Bank boss says US is partially to blame for Ireland’s economic crisis

Sorry, the GOP is fighting to NOT implement Dodd-Frank and the Volker rule. One little three letter word makes such a difference.

Continuing sirpeter's examination of facts that MIGHT lead someone in Europe to see the US as the cause of their woes: 1. US Congress gets rid of the Glass-Stigel (sp?) law and regular US banks are allowed do risky investments. 2. US Banks and Investment Firms come up with bundled mortgages and derivitives where a few goodies are wrapped around a bunch of loosers. 3. Morgage bundles are sold to unsuspecting investers worldwide (US morgages used to be one of the SAFEST investments.) 4. Those selling the bundles make side bets (hedges) that the mortgages will fail. 5. They do fail and take the world's economy (including Ireland's) with them. NOW in most countries this would be called FRAUD but we in the US are just now seeing some accountability and it is just to help the domestic market. There has been a constant fight by the GOP to impliment Dodd-Frank and the Volker rule here (10 Wall Street Lobbists per congressman) which would limit the future vulnerability to the nation of these frauds. Laisez-faire only works if the corporations involved are small enough for them to be allowed to fail. They won't make risky investments if they know that it might mean their distruction.

In 2001 Goldman Sachs caused the Greek tragedy.The financial alchemists formulated a scheme to allow the Greek government to hide the extent of its rising debt from the public and the European Community's budget overseers.(The ones that were probably payed to look the other way)allowing Greece to join the Euro.Banking elite,whether from Goldman Sachs,the Federal Reserve,or the Central Bank of Greece,are all in it for one another.They will all pick a nation's carcass to the bones and then move on.Gullibility,ignorance and stupidity of the voters who stick like dried turd to a dead cow's arse propping up the banker-allied establishment parties of the world.

OK EVERYONE FROM AROUND THE WORLD. DO NOT DO AS THE AMERICANS and you will stay out of problems with your country. Simple as that. You blame us for your money problems and you blame us for your getting fat. Look around you, do you see anyone holding a gun to your head. Enough said. Your country is in need of help because of the mismanagement of your money. The youth are leaving your country and the immigrants are moving in and working the jobs, then they send the money back to their own homeland. Please stop pointing fingers and stays away from USA. If you’re that blind you can’t see that we have our own problems then you get what you deserve. Put your hand in the hot pot and you get burned. Sorry.

Now if that doesn't tear the rag off the bush.Incompetence by the banks and the Government coupled by sheer greed is now the fault of the USA.This bollocks is a waste of time and space.I suppose he gets paid,which makes matters even worse.Fire the bum,and have his head looked at,he would be a rare study in stupiduity.

Seanmor, Honohan isn't the Governor of a "major bank in Ireland", he's Governor of THE Central Bank. Look at the website centralbank.ie to learn what it is.

Time for the governor to take "Money and Banking 101" -- the US Federal Reserve can't create pound sterling, Euros, deutsche marks, shekels or bhat. That wave of liquidity sloshing around the world is owing to the largest mercantilist economy of the world hoarding reserves.

Since the U.S. gets blamed for many of the problems in other countries, it shouldn't come as a complete surprise to us that the Gov. of a major bank in Ireland should claim that Uncle Sam is partially to blame for the Irish state's current economic woes, even though such a claim doesn't have a firm foundation.