Wednesday 18 January 2017

Fair share . . . Go figure . . . Kenny . . . Israel . . . Sky

Published 24/02/2010 | 05:00

So we guarantee Bank of Ireland's customer deposits, we recapitalise them with €3.5bn of our hard-earned money and we promise to remove their bad debts for significantly more than the market value.

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Our first return on this is a 15.7pc share of the bank, valued at €280m. If we had done none of the above we would now own 100pc of the bank for free.

Ever get the feeling you've been hustled?

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