Greeks Stand Up to 'Lemon Socialism'

What do Greece, Ireland and the U.S. have in common?

Each experienced what was termed at the time a "new financial era" that produced an enormous expansion of its finance sector. This led to an intoxicating combination of aggressive lending, leverage and recklessness. In each case, the era ended in a financial crisis; perhaps most important, each crisis ended with a bailout of lenders, bondholders and bankers.