Trading Boss On Bloomberg: “Ireland Is Going Bankrupt”


And he doesn’t look like he really gives a damn. Watch here.

Meanwhile, following Morgan Kelly’s ‘Eiregeddon’ article in the Irish Times yesterday, The Wall Street Journal today warns: Here come the Irish mortgages:

“But problems in the residential-mortgage arena are starting to crop up, fueling fears that a second wave of losses could hit even Ireland’s healthiest banks. Those fears are one reason why jittery investors punished shares of Irish banks. An index of Irish financial stocks fell 5.3%, and shares in Bank of Ireland, one of the country’s biggest mortgage lenders, tumbled 5.6% in Dublin.”

Here Come The Mortgages (Wall Street Journal)

Ireland’s Next Blow: Mortgages (Wall Street Journal)

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