The Inquisitor: Populist politics won't solve banking crisis

What a strange world Irish financial services has become. Imagine, for a moment, that you are US billionaire Wilbur Ross. He and a group of other investors brokered a deal last July to inject €1 billi

13th November, 2011
Taoiseach Enda Kenny and Michael Noonan, Minister for Finance. Photo: Tony O'Shea

What a strange world Irish financial services has become. Imagine, for a moment, that you are US billionaire Wilbur Ross. He and a group of other investors brokered a deal last July to inject €1 billion into buying Bank of Ireland shares from the state.

That month, they acquired some of the stock, but most of it was purchased - following regulatory approval from the Financial Regulator - on October 17. But just as that...

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