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Re: Election 2010: Teabaggin' the Ds & Rs
I don't understand why Irish taxpayers should be willing to pay so much to bail out bondholders who made bad decisions, and it seems to me that the inevitable populist backlash is going to be very difficult for the EC to manage, since it doesn't have a ton of legitimacy. Someone tell me why Irish taxpayers should feel so much pain and investors should feel so little?
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“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
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