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Dublin: 17 °C Monday 3 August, 2020

10 ways the bank guarantee changed our lives

What we ate, wore and drank in 2008… compared to today.

IN 2008, THINGS seemed quite rosy. Sipping on our frappuccinos, applying for 100 per cent mortgages and buying designer clothes on trips to New York were just our little ways of treating ourselves.

But on 30 September 2008, things changed with the signing of the bank guarantee following crisis talks involving the then-Taoiseach, Brian Cowen, and the Minister for Finance, Brian Lenihan.

Their aim was to prevent Anglo Irish Bank collapsing, and in turn prevent other banks following suit.

Turns out that the trickle-down effect of the bank guarantee affected us in all sorts of unexpected ways, from what we ate to what we wore… and maybe gave us a new appreciation for the things we have.

Here’s how things changed:



Pic: Sam Boal/Photocall Ireland

Then: Your parents encouraged you to buy a house
Now: Your parents say they always told you not to buy a house


Pic: Shutterstock

Then: 100 per cent mortgages
Now: Living with your parents



Pic: e_calaamar/Flickr

Then: Hipster food eaten off a giant plate with a smear of ‘jus’
Now: Hipster food eaten off a plank with a jam-jar for a glass



Robin Thicke and Miley Cyrus. Pic: Charles Sykes/AP/Press Association Images

Then: Katy Perry singing I Kissed A Girl was controversial
Now: Miley Cyrus twerking in the nip is controversial



Pic: Cookie/Flickr

Then: Buying holiday property in Bulgaria
Now: Buying bucket and spade in Bundoran


Pic: Shutterstock

Then: Holiday in Australia
Now: Emigrating to Australia



Pic: Ruanon/Flickr

Then: Drinking Frappucino
Now: Drinking kombucha



Pic: D464=Darren Hall/Flickr

Then: SUV/Jeep
Now: The bus



Pic: Mad Mod Smith/Flickr

Then: Superquinn
Now: Supervalu


Pic: Paulo Rená/Flickr

Then: Buying made to measure suits
Now: ‘Thanks, Penneys’

Read: Taoiseach reveals details of forthcoming banking inquiry>

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