10 ways the bank guarantee changed our lives

first_imgIN 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:HousesPic: Sam Boal/Photocall IrelandThen: Your parents encouraged you to buy a houseNow: Your parents say they always told you not to buy a housePic: ShutterstockThen: 100 per cent mortgagesNow: Living with your parentsFoodPic: e_calaamar/FlickrThen: 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 glassMusicRobin Thicke and Miley Cyrus. Pic: Charles Sykes/AP/Press Association ImagesThen: Katy Perry singing I Kissed A Girl was controversialNow: Miley Cyrus twerking in the nip is controversialHolidays Pic: Cookie/FlickrThen: Buying holiday property in BulgariaNow: Buying bucket and spade in BundoranPic: ShutterstockThen: Holiday in AustraliaNow: Emigrating to AustraliaDrinksPic: Ruanon/FlickrThen: Drinking FrappucinoNow: Drinking kombuchaTransportPic: D464=Darren Hall/FlickrThen: SUV/JeepNow: The busShoppingPic: Mad Mod Smith/FlickrThen: SuperquinnNow: SupervaluPic: Paulo Rená/FlickrThen: Buying made to measure suitsNow: ‘Thanks, Penneys’Read: Taoiseach reveals details of forthcoming banking inquiry>last_img