Colm O'Doherty, the AIB CE) (between the lines) and Richard Bruton (in screaming headlines) were advocating the selling off of AIB's performing assets; namely their operating interests in Poland, the UK and the US.
This is a fire sale strategy to raise as much capital as possible to reduce the stake the State has to take in AIB. It's pretty much the same a bank forcing you to sell off your house right now so you can pay back some or all of your mortgage.
It's also a complete contradiction to the bank indicating that it will raise interest and mortgage rates to customers to become profitable again, whilst simultaneously selling off their most profitable assets.
Will someone please stop this stupidity and put matchsticks into Bruton's eyes.
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