my mam and dad sold their house down in Tipperary and moved to Galway there about this time last year. The money is happily sitting in an AIB account.
Normally this would be fine, as The Irish banks are generally very rich and profitable, however they were all very overenthusiastic when it came to lending in our property bubble. With the collapse of Lehmann brothers etc my mam has become distinctly nervous about the prospects of the AIB, and on looking into it, she would appear to be right.
So basically what can my increasingly risk averse mother do with her cash. Are there any banks in particular (that you can access in Ireland) that seem to be relatively resillient. How would one go about buying government bonds if that was an appropriate action.
Normally this would be fine, as The Irish banks are generally very rich and profitable, however they were all very overenthusiastic when it came to lending in our property bubble. With the collapse of Lehmann brothers etc my mam has become distinctly nervous about the prospects of the AIB, and on looking into it, she would appear to be right.
So basically what can my increasingly risk averse mother do with her cash. Are there any banks in particular (that you can access in Ireland) that seem to be relatively resillient. How would one go about buying government bonds if that was an appropriate action.
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