An Irishman’s perspective on Ireland,
the future, and other things from time-to-time …
Anglo Irish Bank is the Celtic Chernobyl
Some might say that that analogy is better applied to NAMA.
It's still not up there for the prize of most accurate description, usually ascribed to a London bond dealer: "A building society on 'crack'." In a nutshell, as they say.And by the way, why are we still employing anyone at all at the Financial Regulator's office? Apart from Elderfield, not one of them should have had a job from yesterday morning - from the most senior official to the guy who mops the floor. THAT's how you impose discipline in a system that needs to redeem itself.
Great example of analogy! I really like it! Recently I started posting interestnig analogies I found on the web on blog.ygolana.com . I thought it could be a good idea to create a place where people can share useful analogies. Check it out!