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Colm McCarthy: Four years now and still no explanation


The bank bailout, in dollar bills, would carpet Louth, yet the genesis of the bust remains unrevealed, writes Colm McCarthy

The sheer scale of the Irish banking collapse is lost on most people. The numbers are just beyond everyday comprehension. The American politician Everett Dirksen, criticising a US government capital programme back in the 1960s, remarked: "A billion here, a billion there, and pretty soon you are talking about real money."

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