Irish PM Admits Cash Put Into Bank Bailout Gone Forever

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Brian Cowen last night finally admitted the €22bn of taxpayers’ money being pumped into Anglo Irish Bank won’t ever be seen again.

https://www.irishtimes.com/newspaper/images/2009/1031/1224257732564_1.jpg

[ … like a bank robbery in reverse … ]

Mr Cowen was repeatedly quizzed by opposition leaders on the view of the nationalised bank’s chairman that the “lion’s share” of the €22bn was gone.

“That money is not going to be returned,” he eventually replied after being asked the question four times.

Anglo chairman Mike Aynsley made the startling admission last week that the capital injection would “never be seen again”.

Read the rest here

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