Government knew about AIB’s cashless plans four days before move despite claims of being ‘blindsided’

12 comments
  1. Earlier than that. It would been board approved. The dept of finance sees board papers. I’d say they’ve known for about a month.

  2. It’s pretty stupid if people react with howls of faux outrage over every single thing the government does.

    4 days notice to one branch of government before enacting something like this is very little notice. Anyone who works in a large organisation knows how long it can take information to propagate to the top.

    But we have the usual stuff declaring that they are ‘liars’ here from the usual people. Save your outrage for the actual fuck ups, otherwise I see two main consequences:

    1. The government knows whatever it does, it will be condemned (not a great incentive for doing the right thing).
    2. Actual intelligent criticism of policy and performance gets drowned out by this continuous brainless noise, and we are all poorer for it.

  3. The state has a huge stake in the banks because of bailout – they were invited to have a Board member and they declined. If the banks have to ease up on something it should be the lending requirements for first time buyers – 3 and a half times income buys nothing in property.

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