Pym the Pauper shares his sausage and chips
Published 03/05/2015 | 02:30
Do not be fooled by AIB's tiny cut in rates last Friday. One cut does not kill a cartel.
In Ireland last week, cartel spotting was like shooting fish in a barrel. First, the cartel apologises to the nation. Second, it pays tribute to its wonderful staff. Third, it says sorry to its depositors. Next, it sympathises with its long-suffering shareholders. Then, it grovels with gratitude to the Irish Government for its support.
Finally, it thanks its customers for their "loyalty".