Quick summary of Ireland's woes

If you think we have a financial crisis, consider poor Ireland.  (See here)  The eurozone  has already bailed out the banks (the Irish banks have borrowed over 150% of Irish GDP in this failed attempt to restore them to health) once and now they are being "re-audited" through stress tests.  Unfortunately, the banks are still failing.  The big question is "now what?"

But don't worry.  Isn't this just like a soap opera?  America's big banks are concentrating their growth in the international markets.  Read the account in the National Journal about how the banks have fared in the recent past.  Great prose and pictures.