Paul Krugman: An Irish Mirror for the Financial CrisisQuicklink submitted by Sheila Samples Permalink
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|the most striking similarity between Ireland and America was 'regulatory imprudence': the people charged with keeping banks safe didn't do their jobs. In Ireland, regulators looked the other way in part because the country was trying to attract foreign business, in part because of cronyism: bankers and property developers had close ties to the ruling party.|
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