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.