What does Brian Lucey mean by "Selling Anglo's Deposits"?

Just a reminder that FillYerBoots and his blind followers were talking out of their collective hoops:

Anglo to sell most of deposit book to AIB

ANGLO Irish Bank is to sell most of its deposit book to Allied Irish Banks in a further move by the Government to wind down the institutions.
www.irishexaminer.com
 
Joe Brennan is Ireland's best financial journalist but even he talks about selling deposits here:


How does this get published?
 
Because there is nothing wrong with it!

It's very clear that they are selling the net value to Bank of Ireland.

They are not selling it for €14 billion. They are selling it for €4 billion.

Brendan
 
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