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Thu 09 Sep 2010Pull the plug on taxpayer involvement in Anglo bailout
OPINION:Ordinary folk have paid enough. Subordinated and senior debt holders should cover the rest
THE HORRENDOUS losses of Anglo Irish Bank come as no great surprise to informed analysts of the banking catastrophe. The Government’s “solutions” amount to no more than insisting the taxpayer must, under all circumstances, bear all the losses Anglo will continue to create. This cannot be borne.
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