The Dirty Dozen w/e Jan 8th 2012

Ah January, a new month, a new year, and a very happy month it's going to be for the bondholders of Anglo Irish Bank (and let's not any of us, please, start using its new nom-de-plume). A dead bank, a zombie bank, a bank with now just a single reason for its own continued existence - to pay Irish taxpayers' money on its own failed bonds.

It started on Tuesday of this week, a mere €2,000,0000 paid out to a lucky US$ Bondholder, it continues for the rest of this month, five Anglo bonds in total including a €1bn 'covered' (by us) bond on Jan 22nd but culminating surely in the unsecured €1.25bn bond on Jan 25th.

We've had so many months of national shame since the original sell-out to the ECB by our own government on Nov 2010, that sell-out now being continued by this new government, so what's one more? Still though, over €3bn in bank bonds this month - at what stage do we, the people, shout stop?