Thursday, September 24, 2015

First they came for the highly leveraged

RTE on the public inquiry witness statement of overstretched property developer Johnny Ronan who was caught out by the Celtic Tiger bust in 2008 --

He said [his company] Treasury's relationship with NAMA [state troubled asset company] began well but deteriorated and the agency also forced them to sell their entire Chinese business. Mr Ronan signed off his statement to the banking inquiry with the words "Arbeit macht frei", a German phrase, which means "work makes you free".

Billionaire investor Tom Perkins writing to the Wall Street Journal last year --

Regarding your editorial "Censors on Campus" (Jan. 18): Writing from the epicenter of progressive thought, San Francisco, I would call attention to the parallels of fascist Nazi Germany to its war on its "one percent," namely its Jews, to the progressive war on the American one percent, namely the "rich."

The rich aren't like you and me. They have more sense of grievance.

[note: Ronan even translated the phrase into Irish -- “Arbeit macht frei” nĂ³, i nGaeilge, “Tugann saothar saoirse”]

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