Answers are needed to host of questions on IBRC dealings

It’s hoped the judge-led inquiry will fill in the many blanks regarding IBRC’s deals — and before the next general election, says Juno McEnroe, Political Reporter    

THE basic question being asked by Independent TD Catherine Murphy in pressing for a full inquiry into transactions and deals done by the Irish Bank Resolution Corporation has been whether or not taxpayers got the best value for their money.

We knew IBRC, formerly Anglo Irish Bank, was going to lose money. Its former chief executive Mike Aynsley put IBRC’s job — with a loan book in excess of €22bn — into perspective in an interview with an Australian magazine in 2011 when he said it was “the shittiest bank in the world in an economy that’s in disarray...”.