Taxpayers foot €3.5bn bill for AIB 'mistakes'

[Ulster-Lad]

TAXPAYERS pumped €3.5bn into Allied Irish Bank last night after its outgoing chief executive admitted he was haunted by the scale of the bank's property loan fiasco.

Addressing the annual meeting, outgoing chief executive Eugene Sheehy said the "real mistake" was that the bank lent too much for development land in Ireland.

So the taxpayers gave AIB a digout last night of €3.5 billion. Sure this government has loads of money. The current government has to go.

[bormotello]

Where we will get another government, which will have so much spare money?

[Ah Well]

So the taxpayers gave AIB a digout last night of €3.5 billion. Sure this government has loads of money. The current government has to go.

They'll be running back crying for more cash soon ... when asked at the AGM yesterday Gleeson refused to confirm that no further bail outs would be required. Tis only a matter of time.

[Dreaded_Estate]

€3.5B for 25% in a bank worth less than €1B is a terrible deal for the taxpayer.

[MsAnneThrope]

€3.5B for 25% in a bank worth less than €1B is a terrible deal for the taxpayer.

Well we paid €200k an acre for Thornton Hall prison when land there was going for €20k an acre, so one must be seen to be consistent...