€7.9bn to Anglo Irish Bank bondholders

I just read in the Irish Mail on Sunday that €7.9bn was paid to senior bondholders in Anglo Irish Bank. So half of the pain that the Irish people will have to endure over the next four years will go directly to those wealthy individuals who could afford to speculate on a small Irish bank.  These speculators knew that their funds were subordinate to the deposit holders in the event of a call on the bank, which is why they were getting a higher return.  They also knew that Anglo was earning profits considerably in excess of what a prudent bank of the same size would produce.  Since Anglo is effectively a failed entity, they should be entitled to their share of what is left after the deposit holders are paid off which is what a Cork friend of mine described as 'five eights of f--- all'.


Without getting involved in conspiracy theories, can anyone explain why this was covered by the Irish Mail on Sunday and I believe the Sunday Tribune, but not the Irish Independent, the Irish Times or RTE.