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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-23-11 07:07 AM
Response to Reply #13
14. An Irish village says no to the banks

The invitation to the first march came on an A4 sheet, eight months ago, and it was the essence of civility. "Short, sharp, silent," it said, "No placard, no chant." Those who felt angry about what was happening should gather in the church car park and march to the speed limit sign on the edge of the village. No speech-making. "Bring only your anger."

And, last Sunday in the north Cork village of Ballyhea, after the second Mass, the 38th weekly march was scheduled to take place. A 10-minute walk from St Mary's car park to the speed limit sign on the edge of the village, and back. Over the months, the march has acquired a banner: "Ballyhea Says No! To Bond-Holder Bail-Out." A small upsurge of spirit in a frightened, diffident country.

It began with a local man, Diarmuid O'Flynn, a sports journalist with the Irish Examiner. He wrote to TDs, protesting about the bailout of bondholders, and got form letters in reply. Last March, O'Flynn rang around friends and relatives. A dozen people turned up in the church car park, and they had their quiet, dignified march, and the rest of us didn't notice.
ECB instructs the citizens to pay

O'Flynn saw the bailout of bondholders as central to what has been done to the country. Tens of billions of private business debts, transferred to the citizens, breaking the State's ability to borrow at sustainable levels of interest. He reckons the total cost of bailing out the bondholders, with interest over the years to come, will be a hundred billion. "The ECB is allowing us borrow a hundred billion, so we can spend a hundred billion paying off bondholders."
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  -STOCK MARKET WATCH, Wednesday, November 23, 2011 Pale Blue Dot  Nov-23-11 06:06 AM   #0 
  - Millions of reports today  Pale Blue Dot   Nov-23-11 06:07 AM   #1 
  - Duirable-goods orders fall 0.7% in October  Roland99   Nov-23-11 07:35 AM   #21 
  - Personal income up 0.4%, spending 0.1% in October  Roland99   Nov-23-11 07:35 AM   #22 
  - Weekly U.S. jobless claims rise 2,000 to 393,000  Roland99   Nov-23-11 07:35 AM   #23 
  - Four-week claims average falls 3,250 to 394,250  Roland99   Nov-23-11 07:38 AM   #28 
  - Continuing claims rise 68,000 to 3.69 million  Roland99   Nov-23-11 07:39 AM   #29 
  - Core PCE index increases 0.1%  Roland99   Nov-23-11 07:36 AM   #24 
  - PCE price index falls 0.1% last month  Roland99   Nov-23-11 07:36 AM   #25 
  - Core capital goods orders drop 1.8%  Roland99   Nov-23-11 07:38 AM   #26 
  - Orders minus transportation rise 0.7% last month  Roland99   Nov-23-11 07:38 AM   #27 
  - Nov. UMich consumer sentiment 64.1 vs 60.9 Oct.  Roland99   Nov-23-11 08:57 AM   #44 
  - Oil falls below $97 amid weak US economic growth  Pale Blue Dot   Nov-23-11 06:08 AM   #2 
  - Hi!  Tansy_Gold   Nov-23-11 06:09 AM   #3 
  - a wild turkey of a day!  Roland99   Nov-23-11 06:11 AM   #4 
  - Yup. World stocks hit six-week lows. China, Germany hard landing intimations.  Ghost Dog   Nov-23-11 06:12 AM   #7 
  - Mercury retrograde, too  Demeter   Nov-23-11 06:14 AM   #8 
  - Check out the toon!  DemReadingDU   Nov-23-11 07:20 AM   #17 
     - another toon  DemReadingDU   Nov-23-11 07:45 AM   #31 
        - +1  xchrom   Nov-23-11 08:25 AM   #37 
  - Stock futures drop on economy worries, Europe  Pale Blue Dot   Nov-23-11 06:11 AM   #5 
  - Futures pointing much lower  Roland99   Nov-23-11 06:12 AM   #6 
  - That's not "much" in my book.  Tansy_Gold   Nov-23-11 06:40 AM   #10 
     - heh. Well, they're a bit more down after the morning reports  Roland99   Nov-23-11 07:40 AM   #30 
  - Fitch warning of French downgrade  Roland99   Nov-23-11 06:40 AM   #9 
  - German Bund Auction a "complete and utter disaster"  Roland99   Nov-23-11 06:40 AM   #11 
  - morning!  xchrom   Nov-23-11 06:53 AM   #12 
  - europe: Turkish lira on the slide  xchrom   Nov-23-11 06:55 AM   #13 
  - An Irish village says no to the banks  xchrom   Nov-23-11 07:07 AM   #14 
  - Tens of billions of private business debts, transferred to the citizens,  Ghost Dog   Nov-23-11 10:11 AM   #50 
  - Brussels to put bad pupils under tutelage  xchrom   Nov-23-11 07:09 AM   #15 
  - Europe Short on Cash as Bond Fears Deepen  xchrom   Nov-23-11 07:16 AM   #16 
  - Eurozone crisis: "Worst ever" German debt auction sends euro sliding {live}  xchrom   Nov-23-11 07:30 AM   #18 
  - I wish they would put the Euro out of our misery  Demeter   Nov-23-11 08:21 AM   #35 
  - Bank of England calls for less owner occupation. The Treasury wants more  xchrom   Nov-23-11 07:34 AM   #20 
  - European Union unveils euro bond proposals  Roland99   Nov-23-11 07:57 AM   #32 
  - Pressure builds on Rajoy to reveal plans  xchrom   Nov-23-11 08:45 AM   #42 
  - Catalonia to cut public sector wages next year  xchrom   Nov-23-11 08:46 AM   #43 
  - Nokia Siemens to cut 17,000 jobs, 23% of its workforce  xchrom   Nov-23-11 10:23 AM   #56 
  - Eurozone surveys and Chinese factory slowdown add to global economic woes  xchrom   Nov-23-11 07:32 AM   #19 
  - k&r n/t  Hotler   Nov-23-11 08:20 AM   #33 
  - "Nearly Half of Americans Struggling to Stay Afloat"  bread_and_roses   Nov-23-11 08:21 AM   #34 
  - The only question is--what comes to replace it?  Demeter   Nov-23-11 08:24 AM   #36 
  - cities with budget woes sell out to the highest bidder  xchrom   Nov-23-11 08:27 AM   #38 
  - Hold onto your hats folks...might be a rough ride today.  Roland99   Nov-23-11 08:27 AM   #39 
  - JPMorgan Said to Buy MF Global Stake in London Metal Exchange  xchrom   Nov-23-11 08:40 AM   #40 
  - Congressional Panel Seeks to Question Corzine  xchrom   Nov-23-11 08:43 AM   #41 
  - 10:05am - ain't nobody happy  Roland99   Nov-23-11 09:06 AM   #45 
  - I am.  Tansy_Gold   Nov-23-11 09:26 AM   #46 
  - ...  Roland99   Nov-23-11 09:44 AM   #47 
  - I'm with you, Sister (n/t)  bread_and_roses   Nov-23-11 09:57 AM   #48 
  - Me too  Demeter   Nov-23-11 10:06 AM   #49 
  - Re-framing a sad day -  InkAddict   Nov-23-11 05:55 PM   #74 
     - My dear friend, condolences  Demeter   Nov-23-11 06:15 PM   #75 
     - Sorry for your loss.  Hotler   Nov-24-11 08:56 AM   #80 
  - Closing Wall Streets casino David Cay Johnston  Demeter   Nov-23-11 10:12 AM   #51 
  - 11:13am - new daily low. Might bounce soon as Moody's maintains AAA rating for U.S.  Roland99   Nov-23-11 10:14 AM   #52 
  - Moody's Isn't Going to Maintain Anything  Demeter   Nov-23-11 10:19 AM   #55 
  - Five Ways that Financial Elites are Destroying Democracy  Demeter   Nov-23-11 10:17 AM   #53 
  - A PITHY QUOTE  Demeter   Nov-23-11 10:18 AM   #54 
     - I have no hope. I see no future. eom.  Hotler   Nov-23-11 10:40 AM   #59 
     - Recovery not going to happen  DemReadingDU   Nov-23-11 10:47 AM   #60 
  - Immortal Technique on Occupy Wall Street: "Some of You Billionaires Are Going to Have to Go Bankrupt  Demeter   Nov-23-11 10:25 AM   #57 
  - Cyrus Mistry to lead Tata Group  Demeter   Nov-23-11 10:32 AM   #58 
  - A Personal Observation from a 99%er in this Christmas Season of Failure  Demeter   Nov-23-11 11:24 AM   #61 
  - I'm Wishing All the Best Thanksgiving Possible  Demeter   Nov-23-11 11:31 AM   #62 
     - ....  Hotler   Nov-23-11 01:16 PM   #63 
     - and wishing you a good turkey day tomorrow  DemReadingDU   Nov-23-11 01:40 PM   #65 
     - We could do a cross-country drinking tour  Demeter   Nov-23-11 06:17 PM   #76 
     - Indeed!  hamerfan   Nov-23-11 02:41 PM   #66 
  - 90 min. to close and at new daily lows  Roland99   Nov-23-11 01:30 PM   #64 
  - oh, the Thanksgiving Faeries are trying something  Roland99   Nov-23-11 02:47 PM   #67 
  - And they failed. Fell off a cliff at the close!  Roland99   Nov-23-11 03:06 PM   #68 
  - And a Happy Thanksgiving to you all!  Roland99   Nov-23-11 03:07 PM   #69 
  - Is 11,000 the new 12,000?  RUMMYisFROSTED   Nov-23-11 03:10 PM   #70 
  - remember "Dow 36,000"?  alterfurz   Nov-23-11 03:49 PM   #72 
     - This Black Friday you can get it for 12,000.  Fuddnik   Nov-23-11 04:06 PM   #73 
     - hey but "I didn't say WHEN it would hit 36,000"  wordpix   Nov-23-11 09:33 PM   #79 
  - Not only has my Butterball been recalled, it's part of a Muslim plot!  Fuddnik   Nov-23-11 03:32 PM   #71 
     - Are you kidding?  Demeter   Nov-23-11 06:19 PM   #77 
        - It's a Butterball joke.  Fuddnik   Nov-23-11 06:40 PM   #78 

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