Tuesday 25 April 2017

Colum Kenny: How RTE is letting the Anglo money trail go cold

The State broadcaster is failing to tell us where all the billions went -- and who is still benefiting, writes Colum Kenny

We are still no wiser about where all the billions went. And 'billion' is such a little word for so big a scandal. It means one thousand million. And 26 thousand million is not even half of what Anglo will get from ordinary taxpayers , either directly or through Nama.

Pakistan estimates that the entire cost of recovering from its recent flood disaster will be €12bn. Anglo-Irish Bank alone will cost the Irish taxpayer four or five times that, with Nama perhaps one day recovering a fraction of the total.

Last weekend on RTE, Marian Finucane seemed set to take her cue from the Sunday Independent article in asking where had the billions gone. She said, as this newspaper had said, that they did not disappear into thin air. But she was too easily deflected by panellists unable or unwilling to follow the money trail.

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