Irresponsible risk-taking and excessive greed outpaced prudential regulation and supervision. The banking system ended up fueling massive speculation, including a huge run-up in real-estate prices, only to be brought to its knees when the bubbles popped.
让我们先来快速回顾一下爱尔兰近期的悲惨经济史。爱尔兰银行因为供应充足的认为廉价金融而得意洋洋，不知节制地进入了信贷款黄。不负责任的冒险和过度贪婪压倒了审慎监管和监督。最后，银行系统助长了全民投机，包括房地产价格的飙升，而当泡沫破裂时，爱尔兰也轰然倒下。