Just how dumb are Irish banks?

[Apparatchik]

Solicitor Michael Lynn has been ordered by the High Court to repay € 7.1 million to Anglo Irish Bank. The bank said the debt arose from loan facilities granted by it earlier this year to one of Mr Lynn's companies, Proper T Capel Ltd, for the purpose of buying residential investment properties.Mr Lynn is alleged to have taken multiple mortgages on the same properties. From documents given to the Law Society by Mr Lynn, it has emerged that he has assets with an estimated value of more than €52 million.

[johnfás]

We already have several threads on this topic....