Anglo Irish Bank: Bonfire of the BMWs
Bankers aren’t yet being burnt at the stake but the Irish have formulated a handy alternative. A scrap dealer is auctioning the chance to publicly destroy the repossessed BMW of the bankrupt former chairman of Anglo Irish Bank, Sean FitzPatrick. As Euromoney went to press, a bidder had already offered €5,200 for the chance to push the button on the scrapyard’s crushing machine: presumably in front of a cheering crowd and assembled press.
The scrap dealer’s eBay site offers bidders the chance to "play your part in history. Anglo Irish Bank is costing the taxpayer billions, this is your chance to crush this cursed car which is the symbol of all that was wrong with the Celtic Tiger!"
Critics of the renewed zeal of some market regulators will wish dealing with public resentment at the financial crisis was always so simple.