The positive side of the credit crunch
13 October 2008
In recent times positive stories about the economy have been few and far between. However, I am sure I am not the only Unionist to have derived some pleasure from the news that the IRA’s ill-gotten gains have lost a significant amount of their value. Republican sources have been quoted in the press as saying that the IRA had moved large amounts of money into a number of Wall Street institutions which were devastated by the sub-prime market collapse. I hope their losses have been huge.
Of course, this money was never lawfully the IRA’s to lose in the first place. And, had the DUP’s preconditions of the return of the Republican movement’s ill-gotten gains been adhered to, they would have been handed back before they assumed the position of coequal partners in government.
So, no bonuses for IRA managers this year!
