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.