Inquiry into Anglo Irish Bank guarantee
Eamon Gilmore argues that the €65 billion exposure resulted from the Government’s 2008 guarantee and criticises its investigation for excluding the guarantee decision and alleged political links to bankers and developers.
In reply to Deputy Kenny, the Taoiseach stated that if the Government did not recapitalise Anglo Irish Bank, there would be a bill to the taxpayer of €65 billion.
Comment on this
That is probably right but that is because a guarantee was given to Anglo Irish Bank on 30 September 2008 when he should have done something different to the bank at that stage.
Comment on this
The reason Anglo Irish Bank would have cost €65 billion is because of the guarantee. It is interesting that when we proposed an inquiry into what happened in the system, the Taoiseach would not agree to it.
Comment on this
When he set up some kind of half-baked investigation, he took care to exclude from that investigation the decisions made by the Government to provide the guarantee to Anglo Irish Bank because he wants to cover the close relationship that he and his party had with the bankers and developers who caused the economic crisis in this country.