In the midst of the farce that was Ireland’s “is it a bailout, isn’t it a bailout, is it a contingency fund”, RTE got a few things wrong.
But they did broadcast this episode of Scannal last night, about Allied Irish Bank’s insurance subsidiary Insurance Corporation of Ireland which collapsed in 1985. The taxpayer paid to bail out Allied Irish Bank. As far as I can tell, the bailout payments that were levied finished in 2009.
The full version of the program is available here until December 13th. Highly recommended viewing.
I like the bit where Lenny says “lets be clear about this” before obfuscating completely. Also, the audible sigh from Paxman at 2:25.