Loan Modification

Irish Opposition Leaders Are Pushing For Anglo Irish To Default On Its Bondholders

By Implode-Explode Heavy Industries

The nerve of these proles! As we all know, it is not proper to ask of the Western/Angle banking elite that those who lend money to failed banks take their share of the losses.

"It's unthinkable that Ireland would default on senior debt or that Ireland's banks would default on senior debt," Lenihan told Reuters in parliament. "Ireland is not prepared to be some kind of social experiment for bank default."

Ah, but what of the "social experiment" we are undergoing instead; shall we term it, "no money center banker left behind"?

Full post as published by Mortgage Lender Implode-o-Meter on September 23, 2010 (boomark / email).