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Breakfast with Anglo

Simon Kelly

$34.99

Paperback

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English
Penguin Books Ltd
01 August 2011
The first insider account of what it was like to

be a property developer in Ireland during the boom

Simon Kelly's involvement in property development began when, as a

computer-mad

child in the 1980s, he started making spreadsheets for his

father, the developer

Paddy Kelly. By 2008, when the Irish property

market crashed, Simon and

Paddy owed their creditors nearly a billion

euro. In 2009, they were the

first big developers to admit they were

bust - and they encouraged

their fellow developers to face reality in

the same way. In 2010, in the

pages of a national newspaper, Simon

Kelly apologized for his part in

the long-term damage created by the

property bubble.

Until now,

the story of Ireland's property boom

and bust has been told

only by people on the outside. The

bankers and the developers have kept

quiet. Now, Simon Kelly breaks the

silence with this vivid and unsparing

account of how it all worked and

why it went sour. He brings us to the

muddy fields, humble cafes and

grand dining rooms where the deals were

made; he explains how it was

that debt always begat more debt; and he takes us through the hitherto

opaque portals of Anglo Irish Bank, the

Kellys' main lender.

In

an account packed with telling and

indiscreet detail, Simon Kelly

makes no excuses for ending up bust. He simply shows how it happened -

to him, to other developers, to the banks, and to the country. In doing

so, he courageously breaks ranks with the insiders who created this

disaster,

and who would prefer to blame 'international forces', bad

luck, or one

another. Breakfast with Anglo is a landmark in our

national

accounting of the present crisis, an essential read for anyone

who wants

to know how we got into this mess and how we might begin to

think about

getting out of it.
By:  
Imprint:   Penguin Books Ltd
Country of Publication:   United Kingdom
Dimensions:   Height: 198mm,  Width: 129mm,  Spine: 15mm
Weight:   200g
ISBN:   9780141399614
ISBN 10:   0141399619
Pages:   240
Publication Date:  
Recommended Age:   From 0 years
Audience:   General/trade ,  Professional and scholarly ,  College/higher education ,  ELT Advanced ,  Undergraduate
Format:   Paperback
Publisher's Status:   Active

Simon Kelly is a former property developer. He lives in County Wicklow with his wife and children.

Reviews for Breakfast with Anglo

The details of Kelly's dealings with Anglo are fascinating * Sunday Times * We will probably never have a Celtic Tiger novel written by Ireland's answer to Tom Wolfe, but if we do it is a fair guess that he or she will turn to Breakfast with Anglo for inspiration * Irish Independent * An indictment of a system that favoured short-term profits over business and banking fundamentals. Kelly was a key part of that whole system and ... his book gives a worthy insight into the insanity that has crippled the country * Sunday Tribune *


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