Ireland a followup

Further to yesterdays post on the passing of the Irish state, a couple of posts elsewhere that are worth reading on the subject. Archbishop Cranmer ponders if Gerry Adams might yet be Taoiseach Andrew Neil – posits that the Irish bail out may just be the start of things to come 0-1

Mortgage fuelled shit fan interface

Via LegIron I came across this, which if true is terrifying. If you’re not even vaguely aware of what’s going on with mortgages in the US then be prepared for a hell of a shock. The bottom line of the article is: Long story short (since this is the short version): A lot of the foreclosed properties might not have been foreclosed legally. The people evicted might still have a right to their old houses. The new buyers might not actually own the REO’s they bought off the banks. The banks could be on the hook for trillions of dollars, … Continue reading

Spoke too soon

Typical of a Gordon Brown announcement things weren’t quite what they seem. Yes he’s going to step down as party leader but in an “orderly” manner so not until conference in September and if the country needs him (fat chance) then he’ll generously agree to cling on to any leaver of power that he can for as long as possible. On an amusing quote front Mr Brown said “parliamentary and not presidential system“, so what were those leadership debates about then? Meanwhile senior Labour types such as John Reid and Blunkett are saying that Labour should step down and let … Continue reading