Professor Alan Ahearne:

It was just that .... even then, in 2009, writing that, I obviously ... I didn't see a future for Anglo and, therefore, Anglo was ... my thinking on it was it was just going to eventually disappear. You had to do something with the bank's assets and liabilities. I think I wrote in that article about moving the assets to an asset management company. Well, that was done through NAMA, and then you've got to move its liabilities somewhere. So it made sense to move it to another bank.