More news that shows the global banking crisis is not yet over. You have to like the bank promoting the idea of splitting the bank into the good part and the bad part. Only the banking industry would have the nerve to even consider such a crazy idea. CNBC:
It is a big week for Ireland following news that the European Commission wants Anglo Irish, the nationalized lender, wound down and with conflicting reports regarding the bank's future emerging.
With the cost of its bailout rising, the bank's CEO was reported as saying that the Commission has a point.
"The European Commission is saying this bank has dropped 25 billion euros ($32.2 billion) and it doesn't deserve to survive," Mike Aynsley, the CEO of Anglo Irish, told the Sunday Business Post in Dublin.
