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Who does the guy asking the question work for?
I bet it's not the BBC.
Not that I like the banking situation better then anyone else, or want to defend their actions, but it seemed like the guy did answer the question to me.
Unless I am misunderstanding something here the question was basically:
“Why are the tax payers having to pay for bonds issued to foreign investors from a defunct bank”
And the answer was:
“The government decided that it was less damaging to the public to honor those bonds then to allow foreign investors to lose confidence in dealing with their banking system”
Again, unless I am misunderstanding something here, he gave a direct answer to the question.
BTW, Ireland is a part of the EU. Just like my state of Texas is a part of the US.
We pay taxes into the federal system, that may be distributed in a way that doesn't overall benefit our state.
It's the same freaking difference.
Not sure what's to get here.