|
|
Article: IT WAS one of the most dramatic nights in Irish history. It was the night that the Irish banks were pulled back from the edge of the abyss. Real fears that a run on the banks would bring down the entire financial system prompted the Government to step in, on September 30, 2008 -- a year ago on Wednesday.
- Article from:
- Sunday Independent (Dublin, Republic of Ireland)
- Article date:
- September 27, 2009
CopyrightCOPYRIGHT 2009 Independent News & Media PLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Where have all the bankers gone?
One year since the banks were pulled back from the abyss, Nick Webb goes on the trail of the key characters in the most expensive night in Irish history
IT WAS one of the most dramatic nights in Irish history. It was the night that the Irish banks were pulled back from the edge of the abyss. Real fears that a run on the banks would bring down the entire financial system prompted the Government to step in, on September 30, 2008 -- a year ago on Wednesday.
A series of tense, high-level meetings in the early hours of that autumn day saw the Government rescue the banks with a '440bn guarantee scheme. It was the ...