Eircom Saga: Pure Celtic Tiger
“It was a con,” says Paul Sweeney, an economist with the Siptu union. “It appealed to people’s greed … The people owned [Eircom] already. They were being sold their own company.
https://www.irishtimes.com/culture/tv-radio-web/the-wolf-of-wall-street-meets-glenroe-ireland-at-the-height-of-the-eircom-bubble-1.4691076
It was sold as a good idea, a safe bet. And it wasn’t. It was pure financialisation, an insider win, outsider loss.