Let’s put the horse before the cart and nationalise the broken banks

DO you know how much €90 billion is?

We’re being told all the time it’s the likely amount of money we’re going to have to invest in rescuing the banking system and in putting the banks back on their feet again.

And nobody denies it’s a lot of money. Even Charlie McCreevy, I reckon, who was always so lighthearted about giving taxpayers’ money away, would acknowledge that €90bn is not small beer.