While I was at dinner

Northern RockImage via WikipediaIt seams I, (as well as every other Irish Tax Payer) has become part owner of Anglo Irish Bank. According to the statement on the IT website “The Government has today decided, having consulted with the Board of Anglo Irish Bank Corporation plc (¿Anglo¿), to take steps that will enable the Bank to be taken into public ownership.”

The statement calls Anglo a “major financial institution whose viability is of systemic importance to Ireland”. The reason for the nationalisation is “unacceptable practices that took place within it have caused serious reputational damage to the bank at a time when overall market sentiment towards it was negative”.

So basically the state is not only bailing Anglo out, it is putting tax payers money at risk.

Northern Rock nationalisation hasnt worked very well in the UK. I wonder how well it will work here?

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Monring Breifing, January 9th

Maidin maith!

An nuacht ar an maidin seo!

Foot and Mouth scare in Antrim! (BreakingNews.ie) Oh god not again!

Irish Nurses and Midwives are been balloted from today on possible strike action (Breakingnews.ie). Well they normally get huge support from the general public when they do go on strike!

New Jersey may remove one word from their constitution (CNN) And the word is ‘Idiot’. Currently this stops some people with mental disabilities from voting.

Hugo Chavez lloks set to nationalise more industries to made Venezula a ‘full socialist state (BBC). As if the country needs more state owned companies. The majority of countries world wide are privitising and Venezula does the opposite typical.

Russia has cut oil supplies to Europe cause the price of oil to rise (France 24). This really shows the EU’s dependancy on Russia which aint a good thing!