You’d almost forget that Anglo is owned by the State, wouldn’t you?
Helpful related graphic from the New York Times.
‘The victims of Ireland’s economic collapse’ from the Guardian.
Why do I not believe him?
He already postures as if he has Plausible Ignorance on his side. “very well capitalised”. He says that the Irish banking system doesn’t have exposure to subprime “US sector”. Da fundamentals are strong, no explanation of what these fundamentals might be. “Irish economy is greatly diversified”, yet again, say wha?
The “banking system has been a big beneficiary of that growth”. Repugnant and revealing.