Taxpayer getting bullied into saving Anglo Irish
Chief claims it may cost more to close bank than save it but I don't believe him, writes George Lee
Published 10/06/2009 | 00:00
THE boss of Anglo Irish Bank told an Oireachtas Committee yesterday that it would be more expensive to close down the bank than to prop it up with billions of euro of taxpayers' money.
What else would you expect him to say? A turkey would never vote for Christmas.
Anglo Irish Bank is a complete and total disaster for the State and for the taxpayer. Last September it turned out to be the weakest link in the Irish banking system as international liquidity dried up.