Thursday, November 13, 2008

Crisis, what crisis?

Bank of Ireland announced there profits for the last 6 months. The last 6 months were the world's banks went into meltdown. The news was grim, profits had fallen 32%.

Wait a minute... Profits, not losses... Well they couldn't have been that good. Think again! Only €650 Million. I wouldn't mind having a crisis like that myself!!!

Can you have any sympathy for the banks with this sort of nonsense coming out.

Please note: I have worked in detail in treasury finance so I am well aware of the issues that make up this crisis.

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