Bank of Ireland's New Shareholder: You?

Ian Wyatt submits:

The Bank of Ireland (IRE) is about to have a new majority shareholder. Ireland's government is expected to raise its stake in the Bank of Ireland from 36% to something constituting a majority. The Irish government is also expected to raise its stake in Allied Irish Bank (AIB) to, potentially, 99%.

If this sounds like Ireland is taking a page from the U.S. bank bailout strategy you're right. When you're facing the potential of a run on the banking system, the government is essentially the last entity that can step in and provide a backstop. I know many of you cringe at the thought of gove

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