Tag Archives: Anglo Irish Bank

Fintan O’Toole demolishes Brian Lenihan jnr on Anglo

A question on Anglo that will not go away

It is terrifying to think that Brian Lenihan’s justifications of the bank
guarantee are factually incorrect, writes FINTAN O’TOOLE

A FORTNIGHT ago, I asked a simple question of the Government: “How much
money for Anglo [Irish Bank] is too much?” Whatever view one takes of the
Government’s banking strategy, this is surely a reasonable question. The
wisdom of any financial transaction obviously depends on the price. Buying
a loaf of bread may make sense if the price is €2. It can’t make sense if
the price is €10.

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Black NAMA Tuesday

The bank bailout could cost taxpayers a staggering €75 billion  and Anglo Irish Bank alone could account for €40bn of it.

Taoiseach Brian Cowen promised last year to write whatever cheques were necessary to rescue the banks and the huge cost of meeting that promise became clear yesterday.

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