This might seem a stupid question, but can anyone explain why we are putting 24 plus billion into this wreck of a bank.
(1) It was a private bank.
(2) It had no systemic importance
(3) It was not equivalant to an "Irish" Lehman's investment bank
I don't like, but understand NAMA, in theory at least it can work, but for what earthly reason are we propping up this Bank.
Please, I know with a thread like this it can just become another platform to knock FF (and while this is justified) it is not the purpose of the thread.
Can anyone make ANY kind of case to justify this huge investment.