Anglo to move €8bn as second wave of Nama transfers delayed

Anglo to move €8bn as second wave of Nama transfers delayed -> irishtimes.com/newspaper/fin … 13122.html

Why are we constantly being told by all parties that we either pump 40 Billion into Anglo or spend 42 Billion in winding it down, like there isn’t any other option, for example NOT GIVING THEM ANY MORE MONEY!!

These are accounting numbers but from a policy or economists point of view we shouldn’t be on the line for one cent of it, the bank guarantee is optional is it not? Even if we bailed out the depositors and pension funds perhaps at a write down of 25% and wound it down, surely it wouldn’t come anywhere close to 42 billion?

42 billion, holy shit!!