US feared global banking collapse if Anglo Irish Bank failed
Treasury Secretary Tim Geithner warned Europe to bail bank out
Published Saturday, November 19, 2011, 7:50 AM
Updated Saturday, November 19, 2011, 10:12 AM
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CitizenWhy | Nov 19, 2011, 11:54 AM EST
Geithner Doctrine: Big banks always and everywhere must be bailed out by governments no matter what the cost to citizens. The US pushed this doctrine on all of Europe as well. That is why EuroZone governments are dedicated to one goal: find ways to bail out banks, using government bail-outs as conduits. Make governments borrow at high interest rates to pay back privately owned banks, irresponsively managed.
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LoyalCitizen | Nov 19, 2011, 10:00 AM EST
I have news for the US and there worries............Anglo Irish Bank has collapsed.........Now for the interesting news.......Ireland is going to start taxing pretentious American Corporations and their tax dodging employees............Now that's something to worry about for some people.
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CaptainCon | Nov 19, 2011, 09:49 AM EST
And the investigation into the Anglo-Irish Bank operations are busily trying to come to a conclusion which will direct attention away from the involvement of large scale money laundering for criminals. The investigation will seek to avoid examining too closely the hurried sale of Anglo-Irish Bank Austria AG which had 600million euros in cash in its accounts and which the buying bank announced happily would 'increase its presence in the eastern European private wealth management' sector. Anglo-Irish sold that subsidiary while desperately trying to scrape up liquidity. Whose money was just resting in Anglo-Irish Bank Austria AG's accounts? The Irish investigation will try to avoid any mention of this. They certainly won't question Sean Fitzpatrick on that matter.
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