Friday 2 December 2016

Emmet Oliver: Fingleton's 'flawed model' leaves expensive legacy

Emmet Oliver

Published 20/04/2010 | 05:00

When your credit standards are worse than Anglo Irish and your loan discounts are worse than AIB, you know you have done something wrong

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For two years now, bankers, financial analysts, politicians and regulators have ransacked the dictionary, searching for new words to describe the reckless lending that went on in Ireland over the last decade.

Some have talked about Ireland having a "dysfunctional'" banking system. Labour leader Eamon Gilmore has talked about "economic treason", while Finance Minister Brian Lenihan has talked about the country's "worst fears" being surpassed.

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