Morgan's point is that the only building work will be in destroying the houses which have become unusable, and as for burning 1.5bn, if that was all that we had lost into Anglo, I'd sign up in a second, high five Alan Dukes, and be on my way to the pub! Sadly it will be much larger figure that we burn in Ireland's dead bank.
Sorry, I pay no attention whatsoever to Morgan Kelly who suggested burning the €1.5 billion instead of putting it into Anglo.
There's also more sensational stuff from Morgan Kelly; apparently we are going to be demolishing houses now instead of building them.
Hey, don't just take my word for it:
http://quotesfromthebubble.blogspot.com/2009/07/brendan-burgess-founder.html
@Canny,
Morgan's point is that the only building work will be in destroying the houses which have become unusable, and as for burning 1.5bn, if that was all that we had lost into Anglo, I'd sign up in a second, high five Alan Dukes, and be on my way to the pub! Sadly it will be much larger figure that we burn in Ireland's dead bank.