Monday, November 24, 2008

Stop and think for a minute

It is with growing discomfort that I'm hearing Bank of Ireland and Irish Life and Permanent have been approached by private equity firms interested in paying €5bn.

I would urge the Irish Government not to allow this to happen.

It would be Eircom all over again.

Private investors will sweat the assets while the country gets a bum deal.

Irish businesses and citizens need the injection of funds for sure, but at what price?

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