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2007

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  • 24-04-2019 7:35pm
    #1
    mariaalice
    Registered Users Posts: 12,390 ✭✭✭✭


    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?


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    #2
    Mad_maxx
    Registered Users Posts: 13,505 ✭✭✭✭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


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    #3
    Hurrache
    Registered Users Posts: 10,166 ✭✭✭✭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.


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    #4
    punisher5112
    Registered Users Posts: 24,647 ✭✭✭✭punisher5112


    2007 called they want it back.


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    #5
    klaaaz
    Registered Users Posts: 1,628 ✭✭✭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.


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