Here’s a long essay that incisively examines the ruinous financial crisis in Ireland, which is above all a banking crisis. Unlike Greece, this is not a public sector problem. In Ireland, free enterprise excesses, extreme excesses rightly compared to the most reckless of gambling, were crowned by craven policymaking to issue in national penury. The author’s excellent summary of the Irish agony concludes by exhorting Irishmen to realize that their most pressing antagonists are bankers, foreign creditors, and their hirelings; which hirelings apparently include the US Treasury Secretary, according to this account. Mr. Geithner, we read, vetoed a deal brokered by the IMF that would have forced Irish bank creditors to take a major haircut. Ireland, instead, would be put in subjection to those creditors by means of a bailout designed above all to put the fear of God in Spanish bankers and financiers. Very complicated stuff, but if you can wade through it all (and the author’s supple and engaging prose will help you do this), you will come away enlightened.