IRA may be latest victim of sub prime collapse…

This piece comes with a health warning since it is based on a number of unnamed sources, yet it’s worth noting nonetheless. It alleges that the IRA’s financial portfolio has lost considerable amount of its value because those responsible for its management failed to take evasive action and “get out at the top of the property market and sink the money into high-dividend deposit accounts in Wall Street in the past few years.” It seems plausible given the dramatic turbulence in the markets have scuppered even Wall Street’s finest investment banks. But proving it…?

Mick is founding editor of Slugger. He has written papers on the impacts of the Internet on politics and the wider media and is a regular guest and speaking events across Ireland, the UK and Europe. Twitter: @MickFealty