Saturday, February 20, 2010

Sub please...

Hey, RTÉ News -

insures ≠ ensure
seems ≠ seams

A spokesperson for the Department of Finance said the transfer of shares to the Government insures the taxpayer gets a return for the State's €3.5bn investment in the bank.

He said the payment of a cash coupon or shares was set out last February when the Government announced they would put €7bn into Ireland's two biggest banks.

Fine Gael's Finance spokesman, Richard Bruton was also critical of the Government's banking policy and said it was 'falling apart at the seems'.

(Of course, they update stories without changing the URL or tracking the edits on-page, so you lose any sense of process or ability to track how they've changed their position.)

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