Quote:
Originally Posted by LessinSF
Maybe the taxpayers are viewed as equityholders, junior to the bondholders. Maybe the bondholders were securitized, with a right upon default to, say, possession of County Clare or the Blarney Stone.
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Let them have it. The Irish are already paying their taxes to German and French banks. Let the banks try to collect directly. The Irish would get a nice discount there.
Well, at least as to the French collectors, who the Irish would beat across the countryside as Sean Thornton did Will Danaher in
The Quiet Man. The Germans would be different story... They're known to organize better when they get an objective in mind and-- how can I put this in a polite way? A wee bit more ruthlessly than most other cultures.
