Bottom line for the banks
THE public are justifiably angry at senior bankers who misled the Government at the time of the 2008 bank guarantee and who clearly continued to do so afterwards.
The constantly growing estimates of the size of the bailout and the cost to the taxpayer have their roots in those early submissions and consultations. Brian Lenihan made it clear yesterday that if the National Asset Management Agency had not conducted a root-and-branch examination of the banks' loan books, the Government and the people might have been kept in the dark for longer.
We have hopefully seen the bottom line, horrendous as it may be.