Was it overseas banks, individuals, governments, savers?
I don't understand why this bank cannot be wound down just like any other business. The creditors then receive 20c, 30c in the Euro and lose the rest. Just like the suppliers to any other business that goes in to liquidation.
Then we as taxpayers don't have to pour dead money in to this black hole that could otherwise be used for the benefit of the Irish people.
I am certain that just as Anglo were wining and dining the builders they were also wining and dining the fatcats that were very eager to lend them the money to lend on.
They were playing both sides.
Is this too simple a plan?
I don't understand why this bank cannot be wound down just like any other business. The creditors then receive 20c, 30c in the Euro and lose the rest. Just like the suppliers to any other business that goes in to liquidation.
Then we as taxpayers don't have to pour dead money in to this black hole that could otherwise be used for the benefit of the Irish people.
I am certain that just as Anglo were wining and dining the builders they were also wining and dining the fatcats that were very eager to lend them the money to lend on.
They were playing both sides.
Is this too simple a plan?