Who is the Irish bailout really for? Part of a talk by David Malone, author of The Debt Generation

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Uploaded by on Dec 19, 2010

David Malone http://golemxiv-credo.blogspot.com author of The Debt Generation,http://www.debtgeneration.org discusses who the latest "Irish" bailout is really for. He argues that not one bit of the bailout money will go to help Ireland or the Irish people but will go straight to the banks, like Allied Irish, where it will go straight out again to the other banks and financial institutions that these banks owe money to, such as the Royal Bank of Scotland. That, argues Malone, is who the EU and IMF bailout is really about helping. The big banks, not Ireland or the Irish People.

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