RBS bonus: Obscene or a nice piece of business?
on January 31, 2012, 9:34 am5 Comments | Readers 58 
One thing, I think, that is better, or at least more widely, understood in the Republic than in the UK is that the credit crunch is still screwing up almost every other well intentioned effort to get our economies moving again. This is because the banks still haven’t owned up to the extent of their bad debt, and they are barely lending anything to anyone. So far, the pattern seems to be that they keep the good (ie, unimpaired) investment …