Monday 11 December 2017

Declan Lynch: Even if they lose the bet, they win the game

The Government is allowing Anglo bondholders to act like spoilt children, writes Declan Lynch

Of the many stories of Aengus Fanning which were told last week, a personal favourite was the one about him encouraging his step-grandson Mungo to have the occasional bet.

He would advise Mungo that an investment in, say, Everton to beat Blackburn at home, might be the smart play. But he would not want the young man to face all the consequences of the gamble on his own.

So he would back his judgement by supplying the funds for the bet, perhaps by way of a birthday present, or on some other special occasion, or just because it was Tuesday.

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