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The private global investment firm Carlyle Group is seeking to buy a majority stake in Bank of Ireland, the countrys oldest bank.
Labour TD Sean Sherlock stressed in the Dail this week that the Goverment should be "very careful" about who it does business with.
Tim Shorrock, author of the new book Spies for Hire, estimates that of the $50bn US intelligence budget, 70% goes to private contractors like Carlyle.