#bank-bailouts

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fromEmptywheel
1 day ago
US politics

The Scandal Is that Jonathan Alter Doesn't See the Scandal

The Obama Administration eroded rule of law by protecting torture policies and shielding bankers, while narrowing 'scandal' definitions to conceal serious abuses.
fromIrish Independent
2 months ago

The Irish Independent's View: PTSB sale a cause for reflection on dark days of bailout - but concerns remain over timing and timeline

The taxpayer put a total of €64.1bn into the Irish banks during the financial crisis. After exorbitant boom-time lending, Anglo Irish Bank and Irish Nationwide were in deepest trouble and the State had to put in €34.5bn into the crippled institutions. It was money down the drain as only €1.1bn has been recovered to date and the remaining €33.4bn is lost. No wonder it's known in the industry as a "sunk cost".
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