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Dan, I wonder should you remove this video? The posters on here are too stupid to understand it and a little education is a dangerous thing. (Except JPC of course)

Very true.

The Irish AIB is wabbly, wrote off 90 million in bad debts recently

My financial advisor and friend texted me to day with that news. It was very shaky 3 years ago, they say it is profitable now.

It seems to me that the problem here was a run on the bank. Example. Bank had deposits of 100 Billion. Bank bought low interest Government bonds for 100 Billion. Depositors demanded their money out but bank could not pay because their bonds would not mature for 6 years. Bank went...