![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPf0v_rK_8LtQGAsipoQCbpefbyKGl4lNZYy845zpmXnxNlAYkh11iRmheGPJ_A8FK_mQja6hs3D__Rb8tzMhaeMdNGEbMzu8qog0dp5CTr8PJeNlDLsD082AXBCpmDhx0dnrWze4jgYTc/s400/Screen+shot+2011-09-06+at+20.32.19.png)
Tuesday, September 6, 2011
06/09/2011: Recapitalization of Irish Banks 2011
On August 31, 2011 Irish Government committed €17.3 billion of our - taxpayers - money to underwrite banks recapitalization following the PCAR 2011 exercise carried out by the CBofI. Three "banks" - BofI, AIB and IL&P received the funds. Here is the official summary of how these funds were distributed. No comment to follow.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPf0v_rK_8LtQGAsipoQCbpefbyKGl4lNZYy845zpmXnxNlAYkh11iRmheGPJ_A8FK_mQja6hs3D__Rb8tzMhaeMdNGEbMzu8qog0dp5CTr8PJeNlDLsD082AXBCpmDhx0dnrWze4jgYTc/s400/Screen+shot+2011-09-06+at+20.32.19.png)
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