2007

After watching reality in the years 2007 when it was all beginning to unravel.

If there had been no Anglo Irish Bank would property prices collapsed as much?

Could the collaps of the Celtic Tiger have been avoided?

Mad_maxx

mariaalice wrote: »

After watching reality in the years 2007 when it was all beginning to unravel.

If there had been no Anglo Irish Bank would property prices collapsed as much?

Could the collaps of the Celtic Tiger have been avoided?

The severity of the recession could have been but a recession was coming, every single Western nation saw one with the exception of Australia, our recession was compounded by the fact banks lent so much for dud assets

Hurrache

Watched it myself this evening, but what I came away from it was the optimism around NI at the time, obviously because of what happened last week.

punisher5112

2007 called they want it back.

klaaaz

Anglo Irish was a commercial bank for property lending(developers not consumers). Cheap credit encouraged by the mainstream political parties(FF/FG) and "monitored" by the Central Bank fuelled the whole bubble. In the end, the IMF and the ECB bailed us out.