"Systemic" Anglo Irish Bank has not loaned a cent since September

[cactusflower]

The Banks Guarantee and the nationalisation of Anglo Irish Bank has made over to us an unknown amount of debt (many tens of billions at best).

Brian Lenihan was told by a number of economists that Anglo Irish Bank should be allowed to fail as it was a property developers investment tank with only a hundred or so main debtors.

Brian Lenihan said to the Dail that on the basis of his knowledge of the bank's dealings it was a systemic bank and couldn't be allowed to fail.

This report says that Anglo Irish Bank has not loaned a cent since September.

Anglo Irish -- the bank with no future that's too expensive to kill off - Irish, Business - Independent.ie

Several aspects of the bank's dealings are currently under investigation by the Gardai.

[DCon]

Is it fair to say that Lenihan may have misled the dail?

[HarshBuzz]

About the only constituencies that Anglo is 'of systemic importance' to are Fianna Fail and their developer buddies

Haughey's kleptomania was mild compared to this current shower

[Digout]

Is it fair to say that Lenihan may have misled the dail?

Yes, on many occasions.

[Digout]

Register your disgust at this FF theft here.

http://www.politics.ie/economy/73102...on-digout.html

[DCon]

Yes, on many occasions.

And, this being Ireland, nothing will be done of course.

[FakeViking]

And, this being Ireland, nothing will be done of course.

While the teacher who handed out the wrong exam papers faces a lynch mob. With leaders of the calibre of Bertie, CJH and Cowen what can we expect.

[cactusflower]

And, this being Ireland, nothing will be done of course.

Well there is an election tomorrow that may change things.

They've boxed us into a corner and it won't be easy to deal with this even with a General Election/change of government, but at the moment we can guarantee that we don't have a government acting in the public interest.

[Digout]

Its possible the biggest organised theft ever in world history. FF dont care, they almost have the loot.

[goosebump]

Brian Lenihan was told by a number of economists that Anglo Irish Bank should be allowed to fail as it was a property developers investment tank with only a hundred or so main debtors.

And €64bn worth of creditors (ie people the bank owes money too).