Lets face it - they did a very bad job with their lending policies.
Much as hate ff, isn't this all much more about the US sub-prime market than anything irish ?
Much as hate ff, isn't this all much more about the US sub-prime market than anything irish ?
No despite what the politicians lead you to believe. The sub prime crisis in the US just brought matters to a head and caused people to look at banks in more detail and question everything. When they looked at Ireland's economy and banks, they saw one big property bubble and over exposed banks. This mess is our own fault.
When you have a big country, such as the UK, you have more banks and a greater variation of good and bad ones. In the UK 2 banks have been nationalised and 1 more forced into a shotgun marriage. By the admission of Brian L at least 1 Irish would have gone to the wall if the measures of Monday night weren't taken - that would have equated to 1/6 of all the Irish banks, or 1/4 of all Irish publically quoted banks. If 1/4 of all UK banks wen't to the wall you'd know all about it.but banks are failing all over the world... no irish bank has gone under , so no that doesn't make an sense to me...
but banks are failing all over the world... no irish bank has gone under , so no that doesn't make an sense to me...