Bailout details imminent?

Here is the unsourced Sunday Times story which claims that the government is to take an 80% stake in Anglo Irish and make large capital injections to Bank of Ireland and AIB along with a brokered merger of IL&P with EBS.  No mention of Irish Nationwide.  It’s only a few days to Christmas so if they are going to do anything, they’ll need to do it soon — unless, God Forbid, they think they can stall until 2009.  Note that they didn’t pass the NPRF legislation before adjourning the Dail so they’ll be relying on the powers in the Credit Institutions Act from a few months ago to make whatever investments they make.  We’ll update as necessary today since an announcement may come before the ISE opens tomorrow.