Our economic policymakers can take one of two roads

The father of one of the boys here in the Backroom owns a tidy bundle of Bank of Ireland shares, gathered over many years of employment with the bank.

12th July, 2008

The father of one of the boys here in the Backroom owns a tidy bundle of Bank of Ireland shares, gathered over many years of employment with the bank.

About two years ago when the shares were trading at €15, his son warned him that Bank of Ireland had been major beneficiaries of a credit bubble that was running out of steam. He advised his father to sell the shares.

The father, emotionally bound to...

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