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Wed 03 Mar 2010'Horrifying' understates dire plight of Irish banks
ANALYSIS:The haircuts announced on Nama D-Day reveal exactly how starved of capital our banking institutes have become, writes SIMON CARSWELL
THE BANKING solution unveiled by the Government and the Financial Regulator confirms what most have suspected since the financial crisis peaked in September 2008 – the banks cannot make it on their own as the capital holes in their books are just too deep.
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