The Anglo Irish Bank Corporation Act 2009 is a piece of emergency legislation composed by the Irish government in January 2009. The Act provides for the emergency nationalisation of Anglo Irish Bank which had been subject to a controversy regarding hidden loans in December 2008. It was voted through Dáil Éireann, being approved by 79 – 67 before passing in Seanad Éireann without a vote on 20 January 2009. President Mary McAleese then signed the Anglo Irish Bank Bill at Áras an Uachtaráin on 21 January 2009. The bank's shares had decreased dramatically on the stock exchange in previous days. At the time of its nationalisation, Anglo Irish Bank had 7,000 loan customers, of whom 5,000 were Irish.
Famous quotes containing the words anglo, irish, bank, corporation and/or act:
“Few white citizens are acquainted with blacks other than those projected by the media and the so—called educational system, which is nothing more than a system of rewards and punishments based upon one’s ability to pledge loyalty oaths to Anglo culture. The media and the “educational system” are the prime sources of racism in the United States.”
—Ishmael Reed (b. 1938)
“Louise, something in me tightens when an American intellectual’s eyes shine, and they start to talk to me about the Russian people. Something in me says, Watch it, a new version of Irish Catholicism is being offered for your faith.”
—Warren Beatty (b. 1937)
“A bank is a confidence trick. If you put up the right signs, the wizards of finance themselves will come in and ask you to take their money.”
—Christina Stead (1902–1983)
“The nearest the modern general or admiral comes to a small-arms encounter of any sort is at a duck hunt in the company of corporation executives at the retreat of Continental Motors, Inc.”
—C. Wright Mills (1916–1962)
“It is not enough to ask, ‘Will my act harm other people?’ Even if the answer is No, my act may still be wrong, because of its effects on other people. I should ask, ‘Will my act be one of a set of acts that will together harm other people?’ The answer may be Yes. And the harm to others may be great. If this is so, I may be acting very wrongly, like the Harmless Torturers.”
—Derek Parfit (b. 1943)