Today's London Times story "Barclay's chief gives up bonus..." (subscription link) says that UK "companies are not allowed to make private loans to investors buying shares in them." Presumably,this is an old law,one obviously needed to prevent the risk that financial institutions under financial pressure might use their financial resources to manipulate their own share prices. Given the Irish habit of copying important UK legislation,did Ireland pass any similar legislation? If not,why was the government so negligent? Was it legal for AngloIrish Bank to lend money to people for buying its own shares?