The Taoiseach Brian Cowen has stated that no government minister is involved in the €300 million loan for share purchase in Anglo-Irish bank. How does he know this, did he ask them or did they tell him, or has he seen the list of the ten? It’s a pretty straight forward situation, one of the three must be the case and we’re entitled as the owners of the bank and the ones stuck for the bill to know which it was. But will he tell us?
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Shouldn’t it be illegal for a bank or any company for that matter to lend money for the purpose of buying its shares?
Maybe Ulick told him.
http://www.irishtimes.com/newspaper/breaking/2009/0220/breaking43.htm
Since Cowen has told us he doesn’t know who the investors are he’s not in a position to know who the investors aren’t, if you follow me.