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Anglo Being Wound Down Anyway?

  • 29-11-2010 4:03pm
    #1
    the groutch
    Closed Accounts Posts: 16,096 ✭✭✭✭


    Anglo brand to disappear, deposits to move


    The Central Bank has said that the brand name of Anglo Irish Bank is expected to disappear in the coming weeks and its deposits will be moved to a separate entity.
    However, its loan book will be wound down over a number of years.
    In a statement, the bank said Anglo's depositors will remain fully covered by the deposit guarantee.

    could this not have just been done two years ago, and saved us throwing good money after bad?


Comments

  • #2
    ei.sdraob
    Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    the groutch wrote: »
    could this not have just been done two years ago, and saved us throwing good money after bad?

    most of the bondholders got paid off...

    2 bloody years, and still no one prison over Anglo


  • #3
    sollar
    Closed Accounts Posts: 2,007 ✭✭✭sollar


    Good its a dirty word now and needs to be banished to history.


  • #4
    Bob_Latchford
    Registered Users, Registered Users 2 Posts: 399 ✭✭Bob_Latchford


    I might be being cynical, but its hobbled along pumping money down the drain for 2 years stinking the place out, but soon as election looms its closed in weeks :rolleyes:


  • #5
    thebman
    Closed Accounts Posts: 10,012 ✭✭✭✭thebman


    ei.sdraob wrote: »
    most of the bondholders got paid off...

    2 bloody years, and still no one prison over Anglo

    Well they are just waiting to close it down and hope that everyone forgets about all the crimes committed within its doors.

    Garda investigation will probably be shut down as there will be no point as far as they are concerned if the bank no longer exists.


  • #6
    later12
    Closed Accounts Posts: 11,299 ✭✭✭✭later12


    Bob_Latchford wrote: »
    I might be being cynical, but its hobbled along pumping money down the drain for 2 years stinking the place out, but soon as election looms its closed in weeks :rolleyes:
    The acceleration of its wind down is a part of the IMF deal.

    Of all of the things that are vote changers in this election, I do not think that the presence of the Anglo logo (or not) on Stephen's Green is doing to be one of them.


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