Clearout at AIB finally spells a new beginning

NOW that we have forced the resignation of most of the top bankers deemed responsible for the collapse of the banks and the virtual destruction of the economy as we knew it, we still have key issues to resolve.

In the case of the top brass at AIB it was probably inevitable they would have to go in the sweep out, while the earlier insistence of outgoing chief executive, Eugene Sheehy, that the bank did not need outside funding or support from the State seemed to defy both common sense and logic.

It showed a complete disconnect with the reality of what was going in his own and other banks, both locally and internationally.