30th Sep 2008

Market mess

Anglo Irish Bank stock bounced back this morning on foot of the Irish Government’s decision to underwrite ALL deposits in Irish banks.

London is in an all together different place as are the exchanges in New York, Asia and the rest of Europe. The next 18 hours could turn out to be momentous indeed. One thing for certain. When the dust settles an EU wide regulatory solution will be needed. More about that at another time.

I wrote about how rotten our politics were here yesterday. I’ll add republicans the US Congress to the list of self serving public representatives. It is hard to phathom the hypocrocy of those who said their feelings were more important than the future of their nation’s economy.

Off to do a day’s work for a New York listed PLC!

This entry was posted on Tuesday, September 30th, 2008 at 8:08 am and is filed under Business, Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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