Tuesday November 24, 2020

A heavy price for banking failure

The banking crisis began in 2000 and marked the start of a decade of mendacity, incompetence, deceit and entitlement by banks and the Irish state.

7th September, 2013
The banks behaved like pyromaniacs in a forest, playing with fire and laughing at anyone who warned of the dangers.

Watching the bank bosses during the week reminds us all that the Irish banking crisis is still with us. The banking crisis started in 2000, not 2008 as is often stated, and is still crippling us. The Irish banking crisis began when the banks began to blow their own balance sheets on wild property lending. Every time they lent money for some developer or other to build a new shopping centre or a new development,...

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