Michael Lewis On What Ireland Should Learn From Iceland

'Don't shoulder the burdens of your banks. Let the banks go and let the creditors take the hits.'

Runs 45 seconds.  Michael Lewis with Tom Keene.

The article Lewis talks about is here...

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Michael Lewis: When Irish Eyes Are Crying

Comments

[DailyBail]

It never ends - protect the billionaire bondholders at all costs. But Hungary's president says 'screw the IMF.'

http://dailybail.com/home/hungary-wont-be-the-last-to-make-bondholders-pay.html

Good story from last year that I had forgotten about completely.

[TR]

How about a break from the money talk since the money doesn't exist?
Can you see your house?

http://www.youtube.com/watch?v=08LBltePDZw&feature=player_embedded

[Howard T. Lewis III]

The Icelanders drink even more than the irish. You would think the Irish would catch on first. iceland is much smaller of a country so the conversation and nationwide consensus was probably reached after a weekend binge. The U.S.will take at least a year of economic paralysis.