Shareholders and bondholders first......

A nice tasty kite flown today…independent.ie/business/iris … 49766.html

the fix is in folks…

Please clarify, are you saying that the potential developer bailout is part of this?

no, im not. My fix above is to have the shareholders and bondholders walk while thee and me pick up the tab. As noted yesterday, the real cost of NAMA will be towards 40b ; if we are paying 40b then apart from a working banking system wtf are we getting?