The Mudcat Café TM
Thread #133881   Message #3055422
Posted By: GUEST,Peter Laban
17-Dec-10 - 06:11 AM
Thread Name: BS: Ireland-What happened?
Subject: RE: BS: Ireland-What happened?
A bit different here, they kept pushing €20K pre-approved loans at us. Was never tempted to use them though.

Goes a bit towards explaining the amount of bad debt the banks are now stuck with. The Boom was all funny money, borrowings going around.