2010-09-09theatlantic.com

``It's not a good sign when the government has to intervene to prevent a run on a bank that is already owned by the government, but apparently, that's what it's doing with Anglo-Irish bank... Irish Finance Minister Brian Lenihan, days after meeting European Union officials, said state-owned Anglo Irish Bank Corp. would be divided into a government-backed bank that would hold customer deposits and an "asset recovery bank" holding the bank's increasingly bad loans.''


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