Archive for the ‘Credit Crunch’ Category

Bord Snip report

The An Bord Snip Nua report is due to be published at 2pm today. I’ll keep this blogpost updated with the latest developments/links:

Irishelection.com updates
Lots of links to everything published so far

PDF released of the report

As expected the Department of Finance site went down at 2pm just as the report was being released. Luckily I use twitter – thanks to @wesg for releasing Vol 1 on scribd and twitdoc

I’ve uploaded it to this blog – download link here:
Bord Snip Report Volume 1 (pdf)
Bord Snip Report Volume 2 (pdf)


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Here’s THAT video that went viral this week with over 1 million views and covered extensively on American talk radio

Now at 1.5 MILLION views and rising.

This is politics for the internet age.

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brown-bonkersOk its the right-wing Daily Mail reporting this, so take with a pinch of salt, but the story, if true , is extraordinary.

Gordon Brown appears to be utterly delusional and refuses to take ANY blame for the recession in the UK.

Read it all here: Brown’s credit crunch tantrum

his anger boiled over in a series of outbursts during his trip to see US President Barack Obama.
The Prime Minister stormed: ‘You want me to go on television and apologise, but I am not going to do it. ‘I have nothing to apologise for. It is not my fault. Get in the real world.’

ITN political editor Tom Bradby, who was in America with Mr Brown, yesterday claimed ‘grumpy’ Mr Brown had a tantrum after he asked him to say sorry. ‘Off camera, the mike was ripped off and we exchanged a few tart remarks,’ said Mr Bradby. ‘He has a bad temper.’

Tipped off that the reporters planned to ambush him over the apology issue, jacketless Mr Brown was determined to get his retaliation in first.

‘What is it you think I should be apologising for?’ he demanded. ‘I have nothing to apologise for. You guys just don’t get it do you?’

When one reporter asked why he had let banks get out of control, Mr Brown leaned towards him and said: ‘You’re saying I got it wrong? But I didn’t. The same problems have happened all over the world and our regulations have been better than anyone else’s.

‘Get in the real world. People are saying it is my fault and that I caused the recession. They are wrong. It is not my fault.

It did not start in Britain, it started in America. We have had low interest rates and low inflation. Every other recession in Britain has been created by high interest rates and high inflation. That has not happened under me.’
Asked why he had not stopped the housing bubble, Mr Brown retorted: ‘House prices were high because of a lack of supply.’
Pressed to admit he had made mistakes, he said: ‘No, it was supply. If inflation is low, people are going to borrow money to buy houses. You can’t stop that. You don’t understand it.’

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Andrew Marr interviews Gordon Brown. Subtitles translate Brownspeak.

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On Asset bubbles

Chris Martenson on asset bubbles. Worth watching.

via Gavin’s Blog

The 100 year graph is unbelievably frightening…

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Brian Cowen explaining through mime how he is so sorry about the Irish economy

Nothing to do with FF

Nothing to do with FF

via here via a tweet from here

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A discussion on propertypin.com on capital flight from Ireland – is it as a big a problem as some make it out to be?

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