Ireland Is Safer Than The Bank Of England
MOVE your money to Ireland:
Advertising group WPP went on the offensive on Monday, announcing plans to move its tax base to Ireland in a rebuff to the British government and saying it has won over yet more investors at bid target TNS…
Run!
It Was The Sun Wot Done The Economy
Posted: 3rd, October 2008 | In: Money, Twitterings Comments (3) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink
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Regular Features
October 4th, 2008 at 12:42 am
And unfortunately, according to Bloomberg, the markets don’t want to bet on it either:
‘U.S. stocks slid, capping the worst week for the Standard & Poor’s 500 Index since the 2001 terrorist attacks, on concern the $700 billion bank bailout isn’t enough to unlock credit markets and prevent a recession.’.
I think I will go to bed before Bush decides to nuke Iran as a diversionary tactic…
October 4th, 2008 at 12:29 am
And the Mother has passed, per the New York Times:
‘The House of Representatives gave final approval on Friday to the $700 billion bailout for the financial system, reversing course to authorize what may be the most expensive government intervention in history.’
Including World Wat II.
I’ll bet folding money that the ‘may be the most expensive government intervention in history.’ is not at all ‘may be’.
And this is just the start; with luck it might stave off disaster till the US elections take place, but I wouldn’t bet on it…
October 3rd, 2008 at 4:22 pm
No; it’s got sod all to do with Ireland being safer than the Bank of England.
It’s an attempt to panic the British Government into enacting the same massive tax breaks that the Senate has put into its’ all singing, all dancing, new, revised, and infinitely better ‘Mother of All Bailouts’ which the House of Represtatives may pass if it manages to get back from its celebration of the Jewish New Year…
Otherwise known as shafting the poor bloody infantry who end up having to pay the taxes…