May 30th, 2016
Home | Log in! or Register

On Top Shelf
Tracy WolffTracy Wolff
Fresh Fiction
Fresh Pick
Todays_Pick
ECHOES OF MERCY

Reviewer Application


Let your reading blossom in May!

Slideshow image


Since your web browser does not support JavaScript, here is a non-JavaScript version of the image slideshow:

slideshow image
It wasn't safe before. Now, the coast is clear. And he’s returned to reclaim what’s his.


slideshow image
He'll break her three-date rule or go down in flames trying.


slideshow image
Chesapeake Valor


slideshow image
Ardent Springs - a town made for second chances


slideshow image
Love can find its way out of darkness…return to Jackson Hole, WY


slideshow image
Adventure, romance, and danger collide when a young Alaskan fisherman nets the body of a Russian swimmer


slideshow image
Domestic Equalizers returns


Ship Of Fools
Fintan O'Toole

How Stupidity and Corruption Sank the Celtic Tiger

PublicAffairs
March 2010
On Sale: March 2, 2010
240 pages
ISBN: 1586488813
EAN: 9781586488819
Hardcover
$25.95
Add to Wish List

Non-Fiction

The most spectacular bust of the global financial crisis was not the bankruptcy of Lehman Brothers or the near-collapse of AIG but the demise of the entire economy of Ireland.

Ship of Fools, a gripping financial morality tale, is both a coruscating analysis of the habits of the last decade and a warning for all time. The death of the Celtic tiger is not an extinction event to trouble naturalists. There was, in fact, nothing natural about this tiger. The 'Irish Economic miracle' was built on good old-fashioned subsidies (from the European Union) and the simple fact that until the 1980s Ireland was by the standards of the developed world so economically backward that the only way was up.

And as it began to catch up to European and American averages, the boom lured in investors, the Irish government deregulated and all but abandoned financial oversight, and a great Irish financial ceilidh began.

It would last for a decade. When the global financial crash of 2008 arrived it struck Ireland harder than anywhere. Among the avalanche of statistics - as toxic as the property-based assets that lay beneath many of them - none was more revealing than that Ireland's bad bank, the National Assets Management Agency (NAMA) held more (worthless) assets than any publicly quoted property company in the world, dwarfing giants such as GE Capital Real Estate and Morgan Stanley Real Estate. Under all the debris lay the corpse of the Celtic Tiger.

How Ireland managed to achieve such a spectacular implosion is a stunning story of corruption, carelessness, and venality, told with passion and fury by one of Ireland's most respected journalists and commentators.

Comments

2 comments posted.

Re: Ship Of Fools

Sounds awesome! Please sign me up!
(MaryAnne Banks 10:57am March 27, 2010)

She's gone country is an Alan Jacfkson song which I love and I'm hoping the book is as good
(
MaryEllen Hanneman 12:33pm September 12, 2010)

Registered users may leave comments.
Log in or register now!

© 2003-2016 off-the-edge.net
all rights reserved

Google+ Google+