Sunday 17 December 2017

Silence on Anglo is deafening

ON the day they christened Black Tuesday, when the enormous scale of the banking crisis was revealed, Finance Minister Brian Lenihan stated that he did not have "a preferred option" for the future of the failed Anglo Irish Bank, other than protecting the interests of the taxpayer.

The Government would submit a plan to Brussels after all options for the bank's future had been analysed, he said, including immediate liquidation, wind-down over a period of time, a split between a good bank and an asset management company, and preserving the bank as a going concern.

Since then, we have been repeatedly told that an "immediate" wind-down of the malignant bank was out of the question.

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