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Sat 02 Feb 2009Folly and conceit bring Irish banking to its knees
OPINION:The scandal at Irish Life Permanent and Anglo Irish Bank threatens the entire future of Ireland’s banking system, writes JUSTIN O' BRIEN
THE DECISION by three directors of Irish Life Permanent to step down caps an extraordinary week for corporate Ireland. What makes the resignations even more remarkable is that the chairman of the ILP board, Gillian Bowler, claimed the problem was not the transaction which led to their departure but the manner in which it was done.
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