Somebody needs to get the Standard & Poors Monkey off of Ireland’s Back… The ratings agency just cut Ireland’s credit rating for the second time in 3 months (now down to AA). The cost of the Emerald Isle’s banking disasters have S&P spooked and as a result, the credit default swaps that determine the cost…
Ireland
King Obama and his Feudal Lords
I try to avoid being overtly political here on TRB, but something foul is afoot in our capital markets that needs to be addressed. The treatment of institutional and hedge fund bondholders in both the Chrysler and General Motors situation has one very apropos historical parallel that comes to mind, the Anglo-Norman invasion and conquest…
