Misheard rumours on Allied Irish causes peak prices on Irish debt..

Scary stuff, but I guess it demonstrates just what a risk Brian Lenihan’s been running. It’s not great that the basket case bank, Anglo Irish Bank has the same acronym as more solid bank… Alphaville have the detail and the scary charts… H/T Niall…

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