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Was Political cowardice the real cause of our downfall

aftermn · 2011-02-08 12:19:32

Most commentators appear agreed that Lenihan was either conned by the banks or bullied (possibly both) into the infamous guarentee. He still maintains that there was no option. Europe while annoyed that he did not engage with them earlier, are now apparently agreed with him. In fact they are insisting that he continue on…

08-02-2011 12:19pm

#1

aftermn

Closed Accounts Posts: 138 ✭✭

Join Date: June 2008

Posts: 131

Most commentators appear agreed that Lenihan was either conned by the banks or bullied (possibly both) into the infamous guarentee.
He still maintains that there was no option. Europe while annoyed that he did not engage with them earlier, are now apparently agreed with him. In fact they are insisting that he continue on this road.

Yet in Denmark they have burned bondholders and large depositors (above 100K) in a recent bank failure there. And no sign the the armageddon which we were told was certain had we gone down that road.

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