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Michael Lewis On Ireland (Vanity Fair)

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Hi

Mr Lewis's Vanity Fair article on the Greek debacle was discussed here. This is his latest piece, on Ireland. Long but worth it.

http://av.r.ftdata.co.uk/files/2011/02/Michael-Lewis-on-ireland.pdf

"...Now Ireland, which headed for bankruptcy with its own mysterious logic. In 2000, suddenly among the richest people in Europe, the Irish decided to buy their country–from one another. After which their banks and government really screwed them. So where’s the rage?"

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Hi

Mr Lewis's Vanity Fair article on the Greek debacle was discussed here. This is his latest piece, on Ireland. Long but worth it.

http://av.r.ftdata.c...-on-ireland.pdf

"...Now Ireland, which headed for bankruptcy with its own mysterious logic. In 2000, suddenly among the richest people in Europe, the Irish decided to buy their country–from one another. After which their banks and government really screwed them. So where's the rage?"

Thanks, will enjoy reading that.

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A brief and, to Kelly’s way of thinking,

pointless controversy ensued. The publicrelations

guy at University College Dublin

called the head of the department of economics

and asked him to find someone

to write a learned attack on Kelly’s piece.

(The department head refused.) A senior

executive at Anglo Irish Bank, Matt Moran,

called to holler at Kelly. “He went on

about how ‘the real-estate developers who

are borrowing from us are so incredibly

rich they are only borrowing from us as

a favor.’

“What

happened was that everyone in Ireland had

the idea that somewhere in Ireland there

was a little wise old man who was in

charge of the money, and this was the first

time they’d ever seen this little man,” says

McCarthy. “And then they saw him and

said, Who the ****** was that??? Is that the

******ing guy who is in charge of the money???

That’s when everyone panicked.”

:lol:

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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