Ireland to launch €81bn "Bad Bank"

This is the secondary headline on todays Financial Times, no link I think its subscription I just saw it in Skynew preview of tomorrows papers. I would be very interested in what the international take on all this is. If anyone can give us the jist of the FT piece and anything else being said world wide … abdc0.html

ah ireland has taken decisive action by adopting austerity measures targeted at the poor so they can waste even more $$ on the banks, fuckin brilliant policy attaboy brians

81 billion!!
Thats greater than the economic cost of the attacks of September 11th on the U.S economy.
And we ain’t the U.S economy by any means.