After all of Anglo’s dirty business let’s clean out watchdog’s kennel

BRACE yourself. The annual report of Anglo Irish Bank will be published tomorrow. The full extent of the toxicity of this former plc and its nefarious practices from October ’07 to the end of September’08 will be exposed.

Stock markets and investors were manipulated in relation to the real state of the bank. The share price would have collapsed much earlier if the full truth was known.

A new form of colossal gambling has emerged. It’s called Contracts for Difference (CFD). London is the hub of this casino activity. The main players are Cantor Fitzgerald, IG Index and Credit Suisse. They provide a facility whereby you can bet whether an individual share stock will go up or down in price. It seems Seán Quinn bet e1.5bn in early 2008 that Anglo’s share value would rise.