Just another day in the Irish economy as €1.5bn is paid over by State-owned bank to unsecured, unguaranteed bondholders

Another day, another bondholder bonanza….

NAMA Wine Lake

Back in antebellum America, it was common for negro slaves to avoid marrying a spouse from the same plantation for a very poignant reason – no man or woman wants to see their beloved raped, humiliated, beaten or whipped before their very eyes, it’s more than can be borne, and for that reason slaves often married slaves from neighbouring or distant plantations to avoid the reality of their powerlessness in protecting their beloved. And on Sundays, a day of rest in slave-era America, when husband and wife might meet up, the scars or tears would be acknowledged but ignored. Such was the life of a slave as described by a former slave Frederick Douglas – there’s a free online book of his life here.

In Ireland our mass media seems to be adopting a similar attitude towards the repayment of unguaranteed bonds at State-owned banks – “shure, if we…

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