September 30, 2008: a day of deference
Contrary to the narrative we are often told, warnings were given. They were simply not listened to. By Vincent Browne.
On January 24, 2008, a confidential paper was circulated within the Department of Finance, addressing the issue of the stability of Ireland’s financial institutions.
It was a prescient overview of the then and future state of Irish financial institutions. While it expressed a then-familiar confidence in the solvency of those institutions, it foresaw grave problems ahead.