My letter to the Wall Street Journal re: Anglo Bank didn’t bailout itself

Re: Trial of three former officials at Anglo Irish Bank begins

Dear Sirs:
Anglo Irish Bank did not bailout itself.  Why aren’t the politicians who gave the money to Anglo, which led to the collapse of the Irish economy, on trial, too?  And let’s get right to the heart of the matter and try all those politicians who maneuvered an unwilling Irish nation into the EU (the Irish voted “NO” the first time) and forced them onto the euro.  Now Ireland is at the mercy of inflationists like European Central Bank president Mario Draghi, who promises to do “whatever it takes” to save the euro.  We knew the ECB was a bad idea when one-by-one the German bankers quit the ECB board in disgust over its illegal bond buying schemes.

Patrick Barron is a consultant to the banking industry. He teaches Austrian school economics at the University of Iowa and Bank Managemant Simulation for the Graduate School of Banking, University of Wisconsin. Visit his blog. Send him mail.