In a post on the proposed wind-down of Anglo Irish Bank written by Quentin Fottrell for the Wall Street Journal's blog. Anglo Irish, an investment bank heavily invested in real estate before world financial markets imploded in 2008, has been nationalized and basically is being closed down now amid different projections of what the ultimate cost will be to taxpayers. Fottrell writes:
Before the financial crisis, Central Bank bulletins constantly reassured investors and journalists and house-buyers that Ireland’s profit-making banks were stress-tested and well-capitalized. And people believed them."Ulysses" is James Joyce's masterpiece. Enough said.
But, as history has shown, those bulletins, along with government statements on the cost of the bailout of Anglo, are up there with the Dublin Bus Timetable and Ulysses as among the greatest works of Irish fiction.
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