Anglo Irish Bank News update as viewed from home and abroad
‘So, [the loan] is bridged, until we can pay you back . . . which is never’
Banker laughs at making repayments and mimics voice of Financial Regulator read full article
Anglo Irish bankers ‘tricked’ government into bailoutTelegraph.co.uk |
Irish opposition calls for bank inquiry after tapes leak Reuters DUBLIN (Reuters) – Ireland’s opposition called for a full inquiry into the collapse of Ireland’s financial system on Monday, after a newspaper published recordings of talks between Anglo Irish Bank executives about a bailout. Rescuing indebted banks … Ireland’s rage over Anglo-Irish rescue revelations is justified – Enda Kenny
The Guardian Ireland’s prime minister, Enda Kenny, said Irish people were entitled to be angry about revelations that an executive at the firm that almost bankrupted the country boasted he had picked the €7bn (now £6bn) figure purportedly needed to rescue Anglo … See all stories on this topic » Irish bankers ‘hoodwinked’ government over bailout, secret recordings show Kenny Faces Irish Bank Inquiry Calls as Anglo Tapes Released Tapes expose culture within toxic Irish bankSenior figures in the former Anglo Irish Bank, John Bowe and Peter Fitzgerald, were recorded discussing how the toxic lender was seeking a €7 billion rescue fund, but that it needed more. read full article Irish Government to Push for Banking Inquiry
Wall Street Journal DUBLIN—The Irish government is determined to implement new laws to help launch the country’s first wide-ranging inquiry into the causes of its banking debt crisis and help assuage “the rage and the anger” of people deeply affected by it, Irish Prime … See all stories on this topic » Anglo Irish still offering insight into banks’ crisis
Financial Times A phone call between two executives at Anglo Irish – just days before Dublin issued a blanket guarantee to its banks in mid-September 2008 – suggests the bank wilfully deceived regulators about its financial health, an allegation that John Bowe, head … See all stories on this topic » Finance Minister had ‘no idea Anglo phone recordings existed’FINANCE Minister Michael Noonan had no idea the Anglo tapes existed until he read yesterday’s Irish Independent. read full article Abuse the bank guarantee, don’t get caught – DrummANGLO Irish Bank boss David Drumm laughed about “abusing” the bank guarantee and warned his executives not to be caught abusing it, the Anglo Tapes reveal. read full article Former executive John Bowe denies misleading Central BankJOHN Bowe says that he “categorically denies” the allegation that he misled the Central Bank or was aware of any strategy to do so. read full article Bounced into the bank bailoutA recorded conversation between senior officials at former Anglo Irish Bank appears to confirm what the public has long suspected: that the Central Bank and last government were bounced into bailing out the banking system and lacked detailed knowledge of the extent of the crisis. The manner in which this exercise was conducted: through obfuscation, veiled financial threats and political pressure, exposes a clientelist system where power and contacts are paramount and nobody is held to…. read full article Bank inquiry to begin by autumn, say Coalition sourcesJohn Bowe says he deeply regrets tone and language he used in phone call read full article ‘Anglo tapes show need for banking inquiry’ – man who wants to run inquiryCiarán Lynch, the chair of the Oireachtas finance committee, says the tapes may be “the tip of the iceberg”. read full article
|
Posted on June 25, 2013, in Banking, buisiness, Government, Ireland and tagged Anglo Irish, Anglo Irish Bank, enda kenny, Fianna Fáil, Financial Regulator, Ireland, Irish Independent, Irish News, Irish news articles, John Bowe. Bookmark the permalink. 5 Comments.
Reblogged this on The Secular Jurist and commented:
Transcripts show taxpayers were lured into Anglo Irish Bank bailout.
I suspect it was somewhat similar with the US banks. The banks really need to be brought under control
It was a worldwide scam perpetrated upon the people. Similar crimes will continue to be committed until the general populace forces governments to act – which may or may not ever happen.
Even the Mafia are more honest than the Bankers
Pingback: Anglo Irish Bank News update as viewed from home and abroad … | Securitization Audits Blog News