Things that strike me : I should be somewhere else but anyway

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{ 2010 03 30 }

I should be somewhere else but anyway

31 March 2010. This should go down as a seminal day in Irish economic history.

Quinn Insurance into administration
1200 bank loans transferred to NAMA on a haircut of 47% on average. Two building societies facing annihilation.
8 billion transferred to the systemically important Anglo Irish Bank. Because saving it is less expensive than closing it.
AIB and Bank of Ireland to find some way of raising capital. If they can’t manage it, state ownership looms, or significant state participation
Banks. Sum of our problems.

Posted by windsandbreezes on Tuesday, March 30, 2010, at 6:57 pm. Filed under living in Ireland. Follow any responses to this post with its comments RSS feed. You can post a comment or trackback from your blog.

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