Saturday 29 April 2017

Public deserves Anglo answers

How many bondholders in Anglo Irish Bank had their bondholding converted to a 'deposit' between March 17, 2007, the day the Anglo bubble burst, and September 30, 2008, the day Brian Cowen and Brian Lenihan underwrote all deposits and bond holdings in Anglo?

The issue of who are the senior bondholders, junior bondholders and major institutional depositors in Anglo, has, so far, remained a 'market-sensitive' secret.

A depositor, so we can be clear, receives a very modest return on his or her investment, as a result of their non-risky conservative disposition.

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