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Tue 07 Jul 2009Mistakes were made in Irish banking, says former AIB chairman
SERIOUS MISTAKES were made in Irish banking in the course of the current crisis, former AIB group chairman Dermot Gleeson SC has told the MacGill Summer School at Glenties, Co Donegal.
Loans were made which should not have been made. There was “irrational exuberance” in the air and the banks were not immune from it.
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