Oh oh....( #1)

[dixiegrrrrl]

Irish Bank default on some debt 'could make sense', say analysts.

"An Irish default on some of its state-owned bank debt after 29 September actually
could benefit the sovereign if properly managed," said Société Générale, adding "a massive transfer of costs and risks" had been moved from "defunct banks to the taxpayer". Reversing that process could now benefit taxpayers, it said. "

http://www.tribune.ie/article/2010/sep/05/irish-bank-default-on-some-debt-could-make-sense-s/


You CAN bet that idea will be discussed by other banks soon,

[Snarkoleptic]

1. Oh oh....( #2)

Lest anyone forget who started the worldwide shitstorm.