Anglo Irish Bank Corporation Act 2009

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.

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Anglo Irish Bank Corporation Act 2009 - Oireachtas Debates - Seanad Debate
... claimed that "no-one was being told the truth about Anglo Irish Bank" and called an Emergency General Meeting of shareholders which had taken place the previous Friday "a disgrace, show ... advocated the chasing of those responsible for the bank's nationalisation "even into the courts", saying that a person could be imprisoned for failure to pay a household bill, yet those who caused the ...

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