Economist: US and Ireland both fell prey to real estate market

Ireland is looking squarely in the face of a rescue package of “tens of billions” of euros today. Sound familiar? It should. As was the case in the United States when the government bailed out Wall Street banks to save the American economy, many in Ireland are displeased with the idea. But the Irish have a historical precedent behind their ire.

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3d rendering of a row of luxury townhouses along a street

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