NTMA chief John Corrigan’s assertion that Moody’s sub-investment grade rating of Ireland is contributing to our massive borrowing costs is absolutely correct.

Here’s an idea for improving the regulation of banks: Treat them more like restaurants.

The big banks should be shut down if their actions threaten the financial system, the US Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis today.

TAOISEACH Brian Cowen indulged in the most fanciful wishful thinking when he ruled out an immediate inquiry into the events and policies, the Galway-tent pressing of the flesh and the shoddy politics and ineffective regulation that colluded to destroy our economy and banks.