If property values ever rise to something close to their peak levels again, the Government could have got a bargain, as Anglo was worth a few Billion not so long ago.  But I wouldn't be holding my breath.

ChrisCook:

I'm going to see if I can get a crack at the Builder's Party (ie Fianna Fail) with the "unitisation" concept.

I wish you luck, but I'm not sure Fianna Fail will offer fertile ground.  They don't have any economic intellectuals at the moment and will be pretty focused on digging themselves out of this crisis in the short term.  However anything which avoids creating further debt should be of interest to them.

I can offer you an introduction via Dick Roche, Minister for European Affairs, if that is of any help.  He's not the worst and was formerly a lecturer in Public Administration and Public Finance at UCD.  He is Minister for European Affairs and Cowen's Deputy at the Department of the Taoiseach.

However its a very long shot.  You probably need to get to some senior Dept. of Finance officials.  The politicians are up to their neck in crocodiles and aren't even thinking about draining the swamp...

notes from no w here