Céad Míle Fáilte To The IMF - Irish IMF Revolution

IMF Protest Song - A Hundred Thousand Welcomes to the IMF

Just click the red play arrow.  Profanity and revolution warning.

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Lyrics

Céad míle fáilte - To the IMF

We hope we meet you on the streets - To fight you to the death.
And we know how you got here - Back room deal and open arms
As you try to suck the life from us - With your structural reforms

They just lit a fuse - It's time for us to choose

You must think we're fucking stupid - Feed our fears with blocks of cheese
It'll take more than dairy products - To keep us on our knees
Don’t talk to us about violence - You hypocritical scum
Just look at all our hospitals - And the homeless on the run
Destitution politics - Death by credit card
By you can't kill the love we have - For justice in our heart

Cos they just lit a fuse - It's time for us to choose

We'll walk as we talk to create – And tear the bullshit down
We gonna build democracy and we'll do it town by town
And it ain't just for the Irish, English, Scottish or the Welsh
Injustice has no border – Our lives before their wealth

Céad míle fáilte - To the IMF
We hope we meet you on the streets - To fight you to the death.
And we know how you got here - Back room deal and open arms
As you try to suck the life from us - With your structural reforms

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Dr. Pitchfork here.

If this is the sort of shite the Irish can expect from their intellectual class, then they're well and truly screwed:

I don't know whether to laugh or cry - Colm Tóibín

"But just now I don't care about sovereignty and I don't want to hear about dead patriots and how they might feel. I care about the actual problems which many of my compatriots are facing – losing their houses, their jobs, their dignity as citizens – and believe that the task of the Irish government is to defend the rights of those who are suffering as best they can rather than consider the fact that they have betrayed the memory of the patriot dead."

http://www.guardian.co.uk/world/2010/nov/20/colm-toibin-imf-in-dublin

No mention of bondholders in this entire load of it.  The bondholders ARE the "actual problem," Colm Tóibín, you twit.

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Story background:

• Ireland Agrees To IMF, EU, U.S. Taxpayer Bailout - Bank Bondholders Don't Lose A Dime

• Jim Rogers: "Punish The Irish Banks & Their Reckless Bondholders, Let Ireland Go Bankrupt!"

• The IRA Threatens to Kill Bankers

Comments

[Dr. Pitchfork]

Click on the little black down arrow on the right-hand side of the sound bar and you can download this to your i-Pod.

[DailyBail]

http://soundcloud.com/soundmigration

more of their songs can be heard here...

[DailyBail]

Bondholders Should Foot Entire Bill

Trichet is pissed about common sense statement by German Chancellor Angela Merkel about who should foot the bill. Actually, Merkel did not go far enough. When you make stupid loans you pay the price. Or at least you should.

But no! Trichet as well as the Irish Prime Minister seem to think that Irish taxpayers should bail out the Irish banks (which is in reality a bailout of German, and UK banks that made piss poor loans to Ireland).

Why the average Irish citizen should have to bail out foreign bondholders is beyond me, but I do note that the same happened in the US with taxpayers footing an enormous bill for Fannie Mae, Freddie Mac, and AIG.

No matter what stupid thing banks do, prime ministers and presidents are all too willing to make the average taxpayer foot the bill for the mess. That by the way,is one reason why we get into these messes in the first place.

For a full text of the actual bailout agreement, please see Government statement on request for support. I must say it is pretty boring lacking in details.

http://globaleconomicanalysis.blogspot.com/2010/11/irish-citizens-sold-down-river-in.html?source=patrick.net

[DailyBail]

http://soundcloud.com/soundmigration/cead-mile-failte-to-the-imf

you can make a comment to the artist here...

[DailyBail]

Account holders withdraw €23bn from banks this year

http://www.irishexaminer.com/business/account-holders-withdraw-23bn-from-banks-this-year-137046.html#ixzz15zd7o1iP

Bank run in Ireland...

[DailyBail]

ALLIED IRISH Banks has lost about €13 billion in deposits since the start of the year due to concerns about the financial difficulties of the Government and the banking system, the bank said in a trading statement yesterday.

http://www.irishtimes.com/newspaper/finance/2010/1120/1224283768731.html

[DailyBail]

A HIGH Court judge in London will rule on Monday whether a legal action taken by two subordinated bondholders to wind up Irish Nationwide Building Society (INBS) over multimillion euro loans it owes should proceed.

Two subordinated bondholders, Satinland Finance and Trimast Holdings, have sued the lender, claiming the bank bailout is forcing them to share the burden of losses with the Government.

http://www.irishtimes.com/newspaper/finance/2010/1120/1224283768755.html

[DailyBail]

Ireland is having a Lehmans moment

If, the government puts £7bn into Ireland as part of an EU rescue this will not be charity: it will be a business decision to minimise collateral damage to UK economy

http://www.guardian.co.uk/business/2010/nov/22/ireland-bailout-european-debt-crisis

[DailyBail]

Hague: Will the euro survive? Who knows

http://www.thisismoney.co.uk/news/article.html?in_article_id=518595&in_page_id=2&ct=5&expand=true