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Irish were gripped by greed, says bank boss

Irish boss of a leading Swiss bank has said that Ireland since the beginning of the 2000s was gripped by greed, complacency and materialism.

Michael O'Sullivan, the managing director of Credit Suisse's private banking division, added that it was vital that Ireland's future generations learn lessons from the economy.

Mr O'Sullivan was speaking as he delivered a keynote address at University College Cork's autumn conferrings.

Source and full story: Irish Independent, 1 Nov 2012

Comments

What a smug little prick you are, O'Sullivan. It was your usurous banking classes that created and dismantled the bubble that ultimately destroyed the Irish economy. Many people saw little or no benefit from this bubble, but are paying the price for it now. To tar all Irish people with the same brush is highly disingenuous and typical of someone who works in a non-productive, parasitical "industry". The greedy ones were bankers, property developers and real-estate agents. 

Indeed! Only a BANKSTER would say something like that.  Let's hope Ireland takes a lesson from its neighbor ICELAND and begins arresting the BANKSTERS. Iceland's economy is growing faster now than the EU or US. What a difference it makes when you eliminate the corruption of Central banks and their predatory usary.

If this arrogant twit had lived in Ireland on the average industrial wage during the boom period, I might be willing to listen to what he has to say, but as he is living in Switzerland and is presumably on the sort of highly-inflated emolument typical of the higher echelons of the usury "industry", then his words aren't worth a damn.

Agreed, but let's remember that corporate media outlets are just like blogs. They want to capture readers' attention with outrageous stories. They love scandals and arrogant statements. Therefore they sometimes intentionaly misquote or misinterpret people. They put a titillating "spin" on things.  

I have not checked into this O'Sullivan person. If his lunacy continues across the entire media, then we may conclude that he is an idiot. Until I check into him, my opinion is, "I don't know if O'Sullivan really said that verbatim, but if he did, then he is disgusting."

Absolutely agreed Heydrich. Whatever the case, the headlines would more accurately read, "Irish were gripped by Jewish banking practices". 

Once the Jewish usary is exposed and eliminated, we can go after the Kosher tax. Ohh if only.

Oh come on now. Think of all that the "Chosen" have given to us.

 

 

The Irish boss of a leading Swiss bank has said that Ireland since the beginning of the 2000s was gripped by greed, complacency and materialism.

Who is “Ireland”? Since the person speaking is a banker, we know he means the Irish public, i.e. his victims.

Michael O'Sullivan, the managing director of Credit Suisse's private banking division, added that it was vital that Ireland's future generations learn lessons from the economy.

Agreed. We must learn to dump the euro currency, throw out the current bankers, and guillotine any politicians that try to let them back in.

Incidentally the Irish Central Bank creates its own money (under the control of the ECB) in a process called “emergency liquidity assistance” (ELA). As with “quantitative easing,” ELA money is created on computer keyboards, and goes to propping up Irish banks so they may continue their frauds, speculation, and debt tyranny. The money is not actually in circulation. ELA provides a reserve for banks, so that banks can continue to enslave people with debt. As far as I know, the banks in Greece, Spain, and Portugal are not allowed to do this. I am checking into that.

He said that while there were daunting challenges facing Ireland and the global economy, there were also opportunities.

Opportunities? As in new ways for bankers and politicians to enslave the Irish people?

He stressed that a key factor in Ireland's future would be education and the quality of the university sector.

Yes, it is vital to educate people for jobs that do not exist. And if you can put them in severe debt via student loans, then so much the better.

As for “quality of the university sector,” this means the bankers, politicians, and the 1% must continue to ensure that professors and academicians tow the neo-liberal line, and serve their masters, rather than grow a brain, or a develop a set of gonads.

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