Ulick McEvaddy has no idea

Or maybe he does, but has started spinning. His interview on Pat Kenny amounts to an opening salvo in what might be a PR campaign to prepare the ground for the eventual naming of the Anglo 10 (or 20).

There may have been a realisation that the names will have to be released, and now certain persons will be rolled out to try and create some positive sentiment. Unfortunately for Ulick, and the Anglo gamblers, the public are not to be fooled. And judging by the reaction to Ulick, we could be in for a hell of a ride.

As for the views expressed by Ulick about the property market and the golden circle, he is clearly vested in this. His views amount to denial about what exactly the Celtic Tiger was (not what we thought), and therefore his solutions amount to utter nonsense. I really don’t know what planet Ulick is on, but to express to views he has, he either has an agenda, is an idiot, or is insane. Or all three.

So outlandish are his suggestions that they do not merit reaction.