Ireland defaults on bond payments. Good

In the wake of the collapse of the Irish government, finance minister Brian Lenihan suspended capital injections for Allied Irish Bank, the Bank of Ireland, and EBS Building society until elections are held on February 25.

Fine Gael leader Enda Kenny said Anglo Irish Bank will not get another cent if his party is elected. However, the Chairman of Anglo Irish Bank said Anglo needs another €15bn.

Screw the bankers and the bondholders. The people of Ireland should not have to pay for the greed of their bankster class. Iceland defaulted on their debt a while back, let their banks fails, and have started criminal proceedings against some of the greedhead bankers who created the mess. Their economy is now recovering.

Now it appears Ireland will do the same, as should the United States.

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