Meltdown or slowdown?

David McWilliams tells us that the probability of an Irish bank failing is high because: ‘‘Borrowing for houses is half of what it was last year and it is likely to be half again next year.” (7/9/08) Scary stuff, if true!

13th September, 2008

David McWilliams tells us that the probability of an Irish bank failing is high because: ‘‘Borrowing for houses is half of what it was last year and it is likely to be half again next year.” (7/9/08) Scary stuff, if true!

I hope the Central Bank takes note, as it appears to be under the illusion that total residential mortgage lending at the end of July 2008 was €146.3billion,an increase of 9.6 per...

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