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.


Read more

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.


Read more