Billions wasted on Fingleton’s ‘tadpole’

THE 2009 annual report of Irish Nationwide Building Society (INBS) reveals that the Government has thrown €2.7bn of public money into a black hole with no evidence of due diligence and the probability of achieving anything in return being as likely as successfully converting a stagnant sewer into a spa at a wellness centre.

This tadpole will never become a prince.

INBS abandoned the principal purpose of a building society, that of making loans that are secured on residential property and are funded substantially by its members, a long time ago. No one said boo or cared two hoots.