Anglo Irish Bank must be wound up in order to protect taxpayers, Fine Gael Deputy Leader & Finance Spokesman Richard Bruton TD said after the bank published its results.
“Fine Gael has consistently said that an orderly wind-up of Anglo Irish is the only sensible approach for the taxpayer. We cannot continue to pour money into a bucket which is leaking this fast, when there is no prospect of repair. Notes to Anglo’s accounts suggest that ultimately the losses on its loans could be anywhere up to €15 billion.
“The claim by the bank, without any explanation, that an orderly wind-up option would be more costly for taxpayers has to be challenged. Even the smallest investment in a financial product displays prominently that ‘terms and conditions’ apply. The taxpayer must not be sucked further and further into this financial quagmire without any terms and conditions to protect us."
www.finegael.org - news
Who are FF and the Green trying to protect by pouring billions and billons of taxpayers money into this cesspool of a "Fianna Fail bank".
This insanity must end.



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