Central Bank Governor says government should have pulled the plug on Anglo before bank guarantee

The governor of the Central Bank says the government should have pulled the plug on Anglo BEFORE the bank guarantee. central bank Patrick Honohan has told the Banking Inquiry that Anglo was a “busted flush” and should have been liquidated in 2008. But he says regulators were naive – and that politicians weren’t given a full picture of just how bad the banking crisis had become. Professor Honohan says closing Anglo would have been a shock – but Ireland could have survived without it: [audio_player src=”http://media.radiokerry.ie/mediamanager/embed/audio/33941/medium/”]

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