Siobhan Creaton: No corner of society untouched by bank's fall
Published 29/10/2010 | 05:00
IT is not surprising that so many churches and charities invested their money in AIB.
Investors expected the shares to rise steadily in value over the years, earning more money for their beneficiaries than putting it in any deposit account. It also gave them the opportunity to get an annual income from the dividend payments to fund their work.
There was nothing reckless about making this investment.