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Anglo Irish Bank


Sunday Independent to reveal more Anglo tapes
RTE.ie
Further transcripts of conversations between senior bankers at the defunct Anglo Irish Bank are due to be published by the Sunday Independent. In the recordings, former chief executive David Drumm and the bank’s then head of capital markets John Bowe 
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Clip 16: Shower of Clowns

Irish Independent
Clip 16: Shower of Clowns. Comments. Email; Print; Font Size. Conversation between David Drumm, Chief Executive, Anglo Irish Bank and John Bowe, Director of TreasuryAnglo Irish Bank. Download our Free iPhone App Now · Download our Free Android 
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Dukes suggests Central Bank knew of Anglo tapes in 2008

Irish Times The former senior politician who took over the running of Anglo Irish Bank after it was nationalised has indicated both the Central Bank and the Department of Finance would have been aware of the existence, if not the details, of recordings of senior  See all stories on this topic »

 

Seán Quinn used British Virgin Islands company to invest in Russian development

Irish Times

The offshore company was used several years before Quinn was accused by the former Anglo Irish Bank of using a British Virgin Islands company to put multimillion of euros in assets beyond the reach of the bank. Lawyers for Anglo Irish, now known as  See all stories on this topic »

 

Opinion: Anglo tapes leave job-hunting former staff reeling

Irish Times

But one group of victims now stand doubly victimised – former employees of the old Anglo Irish Bank, who are still on the staff of IBRC. Professionals who had nothing to do with the high-risk approach at the top. People who, quite literally never did  See all stories on this topic »

Anglo Irish Bank


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Dukes says he was briefed on Anglo tapes by lawyers
RTE.ie
Former Irish Banking Resolution Corporation chairman Alan Dukes has said he was briefed by lawyers on some of the contents of taped conversations between Anglo Irish Bank executives. Mr Dukes said it was not the job of public interest directors to 
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Coalition unease at outrage over Anglo Tapes witch-hunt

Irish Independent-
Meanwhile, in the wake of the Anglo Tapes, the Government is expected to … in which Anglo Irish Bank executives held not just the government but the Irish …

State begins witch-hunt to catch the Anglo Tape sources

Irish Independent
Mr Noonan set the tone earlier when he said that the special liquidator of the former Anglo Irish Bank was seeking to find out who leaked the tapes, and took a swipe at what he termed “mucking around in garda business”. He was asked about the fallout 
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Leaked tapes could delay Anglo trials for years

Irish Examiner
The trials of former Anglo chairman Sean FitzPatrick and other senior executives could be delayed for years due to the controversy surrounding the leak of explosive tapes from the toxic bank, theIrish Examiner has learned. By John Walsh and Shaun 
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In Ireland, Dire Echoes of a Bailout Gone Wrong

New York Times
The leak of audiotapes of phone conversations between top officials of Anglo Irish Bank, which was by far the worst of a very bad lot, has stunned Ireland and damaged its relations with Germany. It now appears that the bank lied to Irish officials 
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I aim to be objective but if you don’t like what I’m saying, just switch off

Irish Examiner
LISTENERS to The Last Word were able to hear this week what the former Anglo Irish Bank boss David Drumm thinks of me. We broadcast an extract from one of the now infamous internal recordings in which he made pointed reference to a newspaper 
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Bank’s former chief in UK living in dream lakeside home
Irish Independent
THE former boss of Anglo Irish Bank‘s British operations, currently being pursued by the bank for repayment of a chunk of his almost €6m retirement pay-off, is living in a palatial property in Co Clare.
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THE HOLY WAR ON IRISH WOMBS


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It’s a freezing Saturday afternoon in Dublin and, on the corner of O’Connell Street, a nervous young man called Dennis wants me to sign a petition with a picture of a dead baby on it. Dennis is 21 years old and doesn’t like abortion one bit. Especially not now that there’s a chance, for the first time in a generation, of liberalising the law just a little to allow women at risk of actual death to terminate their pregnancies.

“I’m trying to keep abortion away from Ireland,” repeats Dennis, churning out the slogan being yelled by stern older men behind him. “If [a woman] doesn’t want a child, there’s obvious steps she can take to not have a child.” Like what? “Well, for example, abstinence,” he says, looking down at me uncomfortably. “Purity before marriage.” What about sexual equality? Dennis is blushing, despite the cold. “Well, I’m here against abortion. I wouldn’t have anything to say to that.”

It’s illegal for a woman to have an abortion under almost any circumstances in both Northern Ireland and the Republic of Ireland, even if she might die in the delivery room. Every year, thousands of women with crisis pregnancies scrape together the money to travel overseas to have abortions – and that’s if they’re lucky. If they’re unlucky – immigrants, shift-workers or too poor to afford a red-eye Ryanair flight to London – the only options are to take black-market abortion pills or be forced to give birth. Right now, members of the Irish parliament are trying to push through legislation to allow women to have abortions if they’re at risk of suicide, but the Catholic hard-right are fighting back.

Since 1967, when Britain made abortion legal, over 150,000 Irish women have gone to England to end their pregnancies. They go in secret and, since that figure only covers those who list Irish addresses, the true number is probably much higher. It’s a situation that has been tacitly accepted in Irish society for years: abortion is sinful, but we’ll put up with it as long as it happens far away and the women involved are shamed into silence. “It’s an Irish solution to an Irish problem,” says Sinead Ahern, an activist with Choice Ireland. Now all that might be about to change.


A protest against Ireland’s abortion laws in Dublin after the death of Savita Halappanavar.

Last November, 31-year-old Savita Halappanavar died of septicaemia in a Galway hospital after being refused an emergency abortion. The inquest into her death is ongoing, but Savita’s husband and family are adamant that she would be alive had the doctors not insisted that, because there was still a foetal heartbeat, a life-saving termination couldn’t be performed. If the results of the inquest show that Savita died as a direct result of Galway doctors’ refusal to abort, she will not have been the first woman to die in great pain because of the Irish Catholic Church’s war on reproductive rights.

In 2010, Michelle Harte – a cancer patient who had to travel to England to have the abortion that would have prolonged her life – spoke before she died of how Cork doctors turned her away. It’s happened before, and without legislation it’ll happen again. But it’s the story of Savita Halapannavar that has drawn global attention and outrage to the situation.

Suddenly the grisly reality of women being forced to go through months of pregnancy and painful labour, begging to have dead babies removed from their bodies and sometimes dying in pain has a name and a face. Vigils have been held for Savita across Ireland. Pro-choice marches are being held in a country where calling yourself “pro-choice” is still a risk to your job and your safety. Answers are being demanded from the government, and now the government is being forced to listen.

Something is changing in Ireland. For women across the country, shame and intimidation are no longer quite enough to stop them from speaking out about abortion, about contraception and about sexual equality. A majority of the population now agrees, according to the latest polls, that the laws need to be relaxed. In response, Ireland’s pro-life movementbacked by big money from the United States, has poured its energies into a massive propaganda campaign, informing women that if they have abortions they will go mad, get breast cancer, kill themselves or, with any luck, all three.

On O’Connell Street the rain is blowing in horizontally. Two little girls in matching red jackets who can’t be more than six years old are handing out pictures of oozing, bloody foetal corpses. Muffled up in scarves and mittens, they look like they’ve stepped off the front of a Victorian biscuit box and smile as they offer you leaflets telling you that your sister, your mother, your best friend is a sinner. “We call these street information sessions,” says 29-year-old Rebecca, a spokeswoman for Youth Defence, one of Ireland’s largest pro-life organisations, which has recently attracted controversy because of its acceptance of large financial donations from the Christian right in the United States.

Rebecca tells me that opposition to abortion in all circumstances is “a value that’s held deeply by Irish people”. She is quite correct that in both the Republic and the North, and on both sides of the sectarian divide, anti-choice proselytising is one issue where religious men in positions of power find common cause. “In the North, where in previous years there would have been conflict between Catholics and Protestants, this is the one thing they both agree on,” says Rebecca. Her broad lipglossed smile seems to indicate that this is a good thing.

Some of the more extreme pro-life campaign groups make exceptions for pregnancies that are the result of rape, reasoning in their generous, Christian way that women who didn’t want to have sex in the first place should not be punished by being forced to carry a child to term. Even that, however, is too liberal for Ireland’s Youth Defence. “Rape is a horrific crime”, says Rebecca, “but even though that child is conceived in a non-ideal situation, two wrongs don’t make a right.”

The smile seems to be sprayed on to her face, but it doesn’t reach her eyes. Although they claim to represent a broad, grassroots movement against abortion, most of the pro-life groups operating out of Ireland list the same address as their base of operations. That address is 6A, Capel Street, Dublin – a building called Life House. Its facade is the colour of arterial blood.

In a hotel lobby in downtown Dublin, six pro-choice activists are distracted by a baby. Little Ailbhe Redmond is four weeks old and freshly-baked, blinking and wriggling as she is passed from hand to hand by a bunch of excited young women who spend their free time being called baby killers by the Catholic right. Ailbhe’s mum, Sinead Redmond of Choice Ireland, was new to activism when she started an online campaign against pro-life propaganda this August.

Since then, over the course of a lot of rainy marches and a reeking heap of harassment, the women of Choice Ireland have become, amongst other things, good mates, and these women need all the friends they can get. Pro-choice activists in Ireland face targeted retribution – harassment of a kind that feminist activists in many other countries would struggle to comprehend.

Many have been individually targeted by right-wing groups. Over four days in Dublin, I spoke to women who had been followed home, had phone-calls tipping off their employers about their politics and made to fear for their jobs, and had graphic hate-mail and death threats delivered to their homes and the homes of their families. The favourite flavour of hyper-religious hate-mail is the delivery of a set of rosary beads in an unmarked package, which seems an odd message to send: “Jesus knows where you live.”

Sinead Redmond got a rosary whose individual beads were carved to look like foetuses in pain. She unhooks herself to breastfeed Ailbhe as she tells me, “Being pregnant made me so much more pro-choice. It brought it home to me how barbaric it is to force a woman to go through pregnancy, never mind labour.


Photo by Andrew Flood.

“Pregnancy is incredibly emotionally and physically debilitating. I would never, ever dream of forcing that on another woman and I don’t know how anyone who’s been through it can. Furthermore, having given birth to a baby girl, I don’t understand how anyone who’s the parent of daughters can not be pro choice. I just don’t get it.”

Fear of prosecution and of social backlash has kept generations of Irish women from speaking out against abortion and contraception. The paranoia is so pervasive that, of the many women and girls I spoke to who had had abortions, only two were willing to go on the record. “A lot of people talk about having abortions, but they don’t want to put their name or their face to it,” says 23-year-old Suzanne Lee, a shy mathematics student at the University College Dublin. Last summer, Suzanne ended an accidental pregnancy at six weeks by taking the abortion pill, which she ordered off the internet.

As one of the few people willing to speak out about her abortion experience, Suzanne has been interviewed on television before and received death-threats from pro-life individuals. “I knew if I was ever going to have a child I needed to be in a position where it could have everything,” she says, explaining her decision.

Ordering the abortion pill online is risky, but international organisations like Women on Web attempt to make the process simpler for those who can’t afford to travel to England. “What I’ve done is completely illegal,” says Suzanne, who had to cross the border and travel to Belfast to pick up the pills. “It’s weird knowing that I could be facing years in prison.”


A pro-choice group demonstrating outside the courts during the “Miss D” case.

“In some ways, I’m not the best face for this cause because mine was what they’d call a ‘social abortion’ – my life wasn’t at risk,” she says. “But the majority of women having abortions are probably having them for social reasons.” “Social reasons” would include: not wanting to go through pregnancy against your will, being too young or too poor to have a child or simply not being ready, which are – when you get down to it – the reasons most people decide that abortion is the best option for them.

Even if the new laws do pass, they won’t permit women any real choice about abortion unless they’re on death’s door, at which point a doctor will choose for them. Thousands of women will continue to travel abroad every year and risk their health by taking black market abortion pills, unless there are major changes to the constitution, which was amended in the 1980s to enshrine the “rights of the unborn” as equal to the rights of women.

The shambolic state of the Irish economy makes the situation more urgent for women in need. Unemployment in Ireland is 14.6 percent, and standards of living and income are falling all over the country. “A lot of it is to do with the recession,” says Bebhinn Farrell, an activist with Choice Ireland. “Before, there wasn’t as much talk about social issues, it was all about money and spending. If you needed to have an abortion, you went to England.” Now, however, with the economy wheezing and stuttering, the class divide between those who can afford to travel to England and have an abortion and the many who can’t has been brought home.

Many of those who can’t receive help from the Abortion Support Network (ASN), a group that funds and supports women flying from Ireland to terminate unwanted pregnancies. ASN sends money to hundreds of Irish who can’t afford the ticket to an English clinic, but because of the time it takes to organise travel and drum up the cash for the procedure, many don’t arrive at English clinics until they’re at a late stage of pregnancy.


A pro-life counter demonstration during the “Miss D” case.

That delay makes every difference. It means that the procedure is often costlier and more complicated than it needs to be, that British abortion law directly affects Irish women and that current efforts by British pro-life groups to reduce the time limit on legal abortion will have devastating implications for women travelling from Ireland.

Abortion is, effectively, the one issue where the laws of the English still hold sway over Irish citizens. “It’s really ironic,” comments Anthea McTiernan, a journalist at the Irish Times, “that the loyalists are fighting to keep the Union Flag over Belfast city hall, but we’re willing to have the flag of the Catholic church flying over the wombs of Irish women 365 days a year.”

“It’s a democratic issue about women’s bodily integrity,” says Ivana Bacik, a politician in the Upper House of the Oirechtas and a leading spokesperson for abortion rights in Ireland. It is pure chance, Bacik tells me, that the case of Savita Halappanavar hit international headlines just as the new laws allowing abortion in the case of a risk to the pregnant woman’s life started passing through parliament. These laws centre on the story of an anonymous woman 20 years ago, a woman known only as “Miss X”, whose human rights were found to have been violated by the Irish Supreme Court.


Demonstrations during the “Miss X” case. Photo by Andrew Flood.

Miss X, a 14-year-old rape victim, was denied permission to travel to England to terminate her pregnancy. The police found out about her travel plans after her parents asked them if DNA from the aborted foetus could be used to convict the rapist. Miss X was left suicidal as a result of being forced to continue to pregnancy and the Supreme Court ruled that, in her case and others, risk of suicide should be considered a case for legal abortion. By the time the ruling came through, Miss X had had a miscarriage.

That was in 1992. Wherever she is now, Miss X is 35 years old. It has taken 20 years for Irish politicians to even begin to implement the legal changes. This, according to Bacik, is “because the anti-choice lobby is so powerful that no politician has wanted to touch it. Until the last election in February 2011, there were only a handful of us willing to identify as pro-choice, but the mood has changed politically. We will bring in legislation before the summer,” she insists.

Ivana Bacik has been fighting the lonely battle for women’s sexual health since long before she entered parliament. As a student at Trinity Dublin, she was taken to court for providing information on abortion and contraception and almost went to prison. “The introduction of this legislation will undoubtedly change the culture in Ireland,” she says. Bacik, like many others, hopes that the extremely limited legal changes coming in this year will pave the way for real choice for women in the future. “Things are changing, and for many young women [the suicide exception] won’t be enough.”

Right now, though, thousands of women and girls continue to catch budget flights to London every year, alone and scared to have abortions they aren’t allowed to speak about without shame. Jan O’Sullivan was caught travelling to England to have an abortion 20 years ago at the age of 18. “I’d seen how unmarried mothers get treated,” says Jan, who now has two kids of her own. “There’s huge stigma even now – you’re damned if you have the baby and damned if you don’t.”

Contraceptives were only made legally available over the counter in Ireland in 1993 and the infamousMagdalene laundries were still open for any young woman who slipped up. “We’d been using condoms, but one broke and I ended up pregnant,” says Jan. “Sheer panic. I’d never left the country before, never been on a plane. Between finding out, trying to get an appointment and sorting out traveling and money, I was 11 or 12 weeks pregnant when we arrived in London. My hands shook nearly the entire time. We were terrified we’d meet people – we had already done so much lying about leaving the country for three days for a ‘romantic break.'”

“I woke up after the procedure to find I was lying flat on my front, and I knew before I was even awake that I wasn’t pregnant any more. It took a year to pay back the credit union loan.” Jan still believes it was the right decision, but the trauma of the journey has stayed with her over two decades. It’s a journey that thousands of desperate Irish women continue to make every year. “I haven’t been back to London. I’ve travelled plenty of other places, but not there, never there,” she says.

“Abortion isn’t rare in this country, it’s just not talked about.”

To find out more, or if you’d like to donate to the Abortion Support Network, visit abortionsupport.org.uk.

Follow Laurie on Twitter: @PennyRed

Anglo Irish Bank-Latest- Anglo Tapes have Castlebar connection


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Noonan warns banks to keep recordings as Anglo tapes probe gets under way
Irish Examiner
Mr Noonan told the Dáil that the IBRC‘s special liquidators were “taking the leaking of this material very seriously”, adding: “The liquidator’s role is to get the maximum sale of assets for the state fromAnglo. They have written to all parties whom 
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Anglo Tapes have Castlebar connection
Mayo News
UNLIKE David Drumm, the former Chief Executive of the now infamous Anglo Irish Bank, Castlebar native Matt Moran was not exactly a household name as the drama of the toxic bank’s meltdown unfolded in recent years. However, the latest recordings in the 
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Tapes unleashed fury that only a thorough probe can really satisfy
Irish Independent
The nation, and much of the international community supporting the nation, is shocked by the Irish Independent’s revelations of the culture of swagger and dishonesty top bankers in Anglo Irish Bankdisplayed before, during, and after the blanket 
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Irish tapes show need for EU bank union
EUobserver.com
A series of taped conversations between executives at the now defunct AngloIrish bank gleefully discussing how they put the Irish government (not to mention the rest of Europe) on the hook for their losses cast a shadow over their last week in the 
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Banks warned over bailout tapes
Irish Independent
The minister said a parliamentary inquiry into the banking collapse may examine electronic data saved from all the banks involved in the bailout – and not just those unearthed from the toxic lenderAnglo Irish Bank. “It is practice always to record 
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We’ll help gardai with probe, says Bank governor
Irish Independent
THE Central Bank is examining whether Anglo Irish Bank “deliberately misrepresented” its position when it sought taxpayer support in 2008, according to the Governor Patrick Honohan. Also in this section. Banks tipped to sell €5bn property loans at huge 

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Anglo Tapes: Anatomy of the Bank that broke Ireland
Irish Independent
Anglo Tapes: Anatomy of the Bank that broke Ireland. Comments. Email; Print; Font Size. The Anglo Tapes have delivered a riveting insight into the bowels of Anglo Irish Bank during the financial crisis that toppled the State. Tom Lyons, Deputy Business 
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Anglo Irish Bank- Update From Home and Away


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Anglo tapes: Department of Finance records may provide answers to disturbing questions

Background: The secret paper trail may come to light as political pressure builds read full article

irishtimes.com

Irish politicians ultimately to blame for Irish property crash and burn
IrishCentral
The BBC among others gave prominent coverage to Drumm’s apology for the nasty language on the now infamous tapes and also focused on his call for a new inquiry into what happened when Ireland gave complete guarantees to Irish banks at the height of 

Irish banking tapes strengthen Merkel’s hand
MarketWatch
The leaked recordings, made shortly after the Irish authorities agreed on a blanket guarantee for sixIrish banks in September 2008 amounting to 250% of Irish gross domestic product, were published last week by the Irish independent newspaper. Reuters.

Allied Irish Banks seen as reckless as Anglo calls reveal
Financial Times
“They [Bank of Ireland] think that Allied have played fast and loose with lending money to every cowboy in town – apart from ourselves also lending money to every cowboy in town,” John Bowe, Anglo Irish’s former head of capital markets, told David 

Anglo Irish Bank’s ex-CEO David Drumm Apologises for ‘Inappropriate 

IBTimes.co.uk
Defunct Anglo Irish Bank’s former chief David Drumm apologised for ‘inappropriate language’ and tone used in secret phone call recordings between executives, which some have suggested, wilfully misled the government over the financial health of the 
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Micheál Martin: ‘There is no mystery about what happened on the night of the bank guarantee’

The Fianna Fáil leader has defended the actions of his predecessors in an interview this morning. read full article

thejournal.ie

Anglo recordings may lead to a less polite banking inquiry

Irish Times
Some money for the Irish banks is only a sideshow to the bigger debate about austerity and the role of the ECB. Paradoxically, it would seem from reports over the weekend that the Germans are turning the Anglo tapes to their advantage, putting them 
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Day one: Clip 1 – The Central Bank Meeting

Irish Independent
Comments. Email; Print; Font Size. Conversation between John Bowe, Head of Capital Markets,Anglo Irish Bank, and Peter Fitzgerald, Director of Retail Banking, Anglo Irish Bank. Download our Free iPhone App Now. Download our Free Android App Now.
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Report: Former Anglo Irish head regrets tone in bank rescue calls

Europe Online Magazine
Transcripts of the call were released last week by the Irish Independent, prompting outrage. German Chancellor Angela Merkel called the conversations “unbearable,” especially one in which a banker begins humming Germany’s World War II-era anthem 
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Lisa McInerney: We tolerate cute hoors, we end up with Anglo tape types

Our capacity for putting up with ‘charismatic’ cowboys is no longer a bad national joke – it’s our national downfall. read full article

thejournal.ie

Drumm breaks silence in US to say ‘sorry’

FORMER Anglo chief executive David Drumm has denied there was any attempt by the bank to mislead the Central Bank and the regulator about the state of its financial woes. read full article

independent.ie

Fianna Fáil told: “Come clean on Anglo Tapes” – Local

Sinn Féin finance spokesperson, Pearse Doherty TD, commenting on the latest revelations from the Irish Independent about the Anglo Irish Banks’ executives taped telephone conversations, says Fianna… read full article

donegaldemocrat.ie

‘AIB and Anglo lending to every cowboy in town’

Allied Irish Bank was viewed by its main competitor as lending money to “every cowboy in town”, senior bankers reveal in the Anglo Tapes. read full article

independent.ie

Drumm says bank guarantee not sought

Former Anglo chief executive claims Irish public being ‘misled’ by leaked tapes read full article

irishtimes.com

Anglo Irish Bank- Latest updates from far and Wide


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Merrill Lynch Wanted Anglo Irish Bank Shut, Reveals New Recording

IBTimes.co.uk
American-investment bank Merrill Lynch, external advisor to the Brian Cowen-led Irish government in 2008 and former corporate broker to now defunct Anglo Irish Bank (AIB), had recommended that the bank be shut down. The latest set of tapped phone 
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Irish banker apologises for taped comments
Reuters
Anglo Irish ex-CEO made light of bank bailout. * In first public comments, Drumm says regrets tone and language. * Tapes prompted outrage in Ireland, criticism in EU. DUBLIN, June 30 (Reuters) – AnIrish banker taped saying he would demand cash from 
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The Quinn connection
Irish Independent
In the chaos, its executives believe that the reason their bank is failing is the country’s richest man,Sean Quinn, who has taken a gigantic bet on Anglo. In this section of the Anglo Tapes, John Bowe, the bank’s head of treasury, and Matt Moran, the 
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Cowen decision proof of FF’s cosy relationship with Anglo, says FG TD
Irish Independent
The decision taken by then Taoiseach Brian Cowen to ignore the advice of his external advisers is further proof of the cosy relationship that existed between “Fianna Fáil, their developer friends andAnglo Irish Bank,” Fine Gael TD Dara Murphy claimed 
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Anglo Tapes: Anatomy of the bank that broke Ireland
Irish Independent (blog)
The Anglo Tapes have delivered a riveting insight into the bowels of Anglo Irish Bank during the financial crisis that toppled the State. For the first time the public can feel what it was like to be some of the key men behind the fall of a bank which 
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New Tape Recordings Reveal Brazen Chicanery At Irish Bank That Soaked Its 
Forbes
Shocking tape recordings released this week display the heads of Anglo Irish Bank, the private bank favored by the wealthiest speculators and property developers behind the Irish boom, literally laughing about the subterfuges they played straight 
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Inside Anglo: Secret recordings expose strategy that sank Ireland
Irish Independent
Latest Videos. Listen: Clip 11(a) – Punch. Conversation between David Drumm, Chief Executive,Anglo Irish Bank and John Bowe, Director of Treasury, Anglo Irish Bank on December 15th, 2008. Clip 13: Moran on Quinn. Conversation between John Bowe, 
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‘Impossible to stomach’: Merkel slams Irish bankers who fudged bailout figures
RT (blog)
The internally-recorded phone calls, published earlier this week, reveal how two Anglo Irish bankexecutives misled the Central Bank of Ireland that Anglo bank required 7 billion euro to prevent its collapse. Anglo’s losses reached 30 billion euro 
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Further revelations from bank tapes
Belfast Telegraph
The former taoiseach’s government refused to shut down the AngloIrish Bank despite warnings from their external financial advisers, Merrill Lynch, that the institution was a “basket case”, the latest batch of recordings published in the Irish 
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Anglo Irish Bank – Latest


Some Headlines

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Kenny bows down before his masters

 

 

LAST week, Enda Kenny effectively quit as Taoiseach. When the Anglo recordings surfaced and the giggles of gobshite Irish bankers reverberated across Europe, his duty as Taoiseach was c read full article

independent.ie

Anglo executives discussed pressurising Lenihan

Senior executives from Anglo Irish Bank discussed putting pressure on the then Minister for Finance Brian Lenihan in December 2008 in the latest recordings to emerge from the Anglo tapes, which are published in tomorrow’s Sunday Independent.read full article

rte.ie

Anglo Irish Bank faces claim of €1bn ‘overcharging’
Irish Independent
At least one case has been rejected by the Irish courts under the IBRC Liquidation Act that requires lawsuits to be approved by the High Court. An appeal to the Supreme Court is being considered. The liquidation means that the IBRC liquidator can take 
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Further revelations from bank tapes

Fresh revelations in the Anglo-tapes scandal about Brian Cowen‘s administration shows his party was willing to save the failing bank at any cost, his political opponents claimed. read full article

independent.ie

Fomer Anglo Irish Bank chief David Drumm apologizes, says inquiry needed on bank guarantee

Fomer Anglo Irish Bank chief David Drumm apologizes, says inquiry needed on bank guaranteeread full article

irishcentral.com

Drumm said he would ‘probably punch’ Brian Lenihan on Anglo Tapes

It has emerged that the former CEO of Anglo Irish Bank David Drumm said he would read full article

breakingnews.ie

Drumm: They seem to be disproportionately angry at us

David Drumm believed that the Fianna Fáil-led Government’s external advisors Merrill Lynch were ‘disproportionately angry’ with Anglo Irish Bank. read full article

breakingnews.ie

Anglo Tapes: Anatomy of the bank that broke Ireland

The Anglo Tapes have delivered a riveting insight into the bowels of Anglo Irish Bank during the financial crisis that toppled the State. read full article

independent.ie

Drumm claimed Merrill wanted Anglo nationalised immediately

FG says decision to ignore advice is evidence of cosy relationship between FF, developers and Anglo read full article

irishtimes.com

German finance minister slams Irish bankers as ‘aloof super humans’

BERLIN (Reuters) – German Finance Minister Wolfgang Schaeuble slammed Irish bankers caught on tape joking about a bailout, calling them “aloof super humans” worthy of contempt… read full article

news.yahoo.com

‘Avarice and utter contempt’ in latest Anglo recordings 

Senior executives from Anglo Irish Bank discussed putting pressure on the then Minister for Finance Brian Lenihan in December 2008 in the latest recordings to emerge from the Anglo tapes. read full article

irishecho.com.au

Anglo Irish Banks -Most Recent Updates from home and Abroad


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Banks treated Irish people with contempt, says O’Malley

Irish Times
“The contempt shown by Anglo Irish Bank for the Irish people and for their welfare and their public institutions was probably not very different from the attitude taken up by some of the other banks. We just do not have first-hand aural evidence of the 
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Merkel calls Anglo Irish Bank chatter damaging to democracy

Deutsche Welle
In Ireland, transcripts of telephone conversations between employees from 2008 at Anglo Irish Bankhave caused a massive outrage. In the tapes, the workers make fun of the government’s decision to guarantee bank liabilities at the height of the 
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Anglo Irish tapes are only the tip of the iceberg when it comes to other banks

IrishCentral
Not surprising given the fact that while former chief executive of Anglo Irish Bank, David Drumm, and his senior executives, Peter FitzGerald and John Bowes, joked, mocked and cursed at the Irish tax payers’ expense, their reckless behaviour was 
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Money trail

David Drumm carried out a number of personal financial moves that coincided with Anglo’s demise, writes investigative correspondent Conor Ryan read full article

irishexaminer.com

The Anglo Tapes, The Guarantee And Ireland’s Economic Crisis

Probably the biggest economic story in Europe this week has been the release of recorded phone calls from 2008 between executives of the now-notorious Anglo Irish Bank.  Anglo was a recklessly… read full article

forbes.com

Irish PM shocked by ‘vulgar’ Anglo Irish Bank tapes
New Straits Times
BRUSSELS : Irish Prime Minister Enda Kenny said Friday he was thunderstruck by leaked tapes at the centre of a scandal at the bailed-out Anglo Irish Bank which he said has tarnished Ireland’s reputation. But Kenny said after an EU summit in Brussels 
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Mocking Germans Adds Irish Insult to Banking Injury
Bloomberg
Irish politicians say jibes at Germans by some of the country’s former bankers undermine their case for securing help to cut the 64 billion-euro ($83 billion) bill for saving the financial system. John Bowe, a former executive at the now defunct Anglo 
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Anglo Irish Bank scandal ‘damages democracy’, Angela Merkel says
The Guardian
Angela Merkel has expressed “contempt” for the disgraced Anglo Irish Bank executives caught on tape mocking Germany’s involvement in the institution’s €30bn (£25.7bn) bailout. The German chancellor delivered a strong condemnation of the revelations, 

Irish, German leaders slam Anglo bank’s arrogance
Businessweek
BRUSSELS (AP) — German Chancellor Angela Merkel on Friday blasted newly disclosed comments by former directors of Ireland’s most notorious bank, who mocked foreign depositors and conspired to conceal the true scale of their losses while winning a 

Irish PM Enda Kenny attacks bankers – video
The Guardian
Speaking at the EU summit in Brussels, Enda Kenny, the Irish prime minister, gives his response to recordings of Anglo Irish Bank staff joking about a bailout deal and mocking Germany. His comments follow an accusation from the German chancellor 

Property tax hunger striker: ‘I’d say I won’t last too long’


Tony Rochford hasn’t taken food for 11 days – but insists he will not end his strike unless the property tax is repealed.

A MAN who today enters the twelfth day of his hunger strike against the property tax has admitted he does not expect to survive for much longer.

Tony Rochford, who turns 45 next week, has been on hunger strike in opposition to the new tax since last Monday.

Rochford has lost nine kilograms (about 19 pounds) since his strike began – surviving only on water and black coffee – and is continuing to lose weight as he refuses to end his protest.

Rochford borrowed €430,000 to pay for his home in Trim, Co Meath, in October 2008. However, within three months his work – installing marble worktops and features in houses – had dried up.

He believes his home is now worth about €280,000, making it liable for an annual property tax of €495.

He has had a negligible income since then, as he is not entitled to State support because he was self-employed, but had managed to keep his mortgage out of arrears until this week.

He claims, however, that his mortgage lender refuses to enter into any negotiations with him, because he and his wife had already been given a moratorium on their repayments – which has since concluded – and because he has not entered into significant arrears.

“They were very good with the mortgage, but not willing to do any deals until you get into distress… the whole thing is bloody crazy,” Rochford told TheJournal.ie last night.

The great thing about this house for the bank is, if they repossess this in the morning, they’ll only lose €50,000.

He said he has paid off €100,000 of his original loan, leaving €330,000 to be repaid – most of which could be recouped by the bank if it was to repossess and sell.

“I’d love to trade down – gimme a bit of land and I’d build a house myself – but the banks are giving me no options,” he said.

“If I do try and trade down I’m still lumbered with the excess… [because we] kept playing the bloody mortgage for fools. We followed what we were told by the government – do the right thing.”

Other protests were fruitless because while there was broad public opposition to the tax, there were too many fragmented groups against it.

Though Rochford has recently been able to start finding work again, his refusal to pay the property tax means that from next Monday he will be unable to receive a tax clearance certificate – meaning he will be without any income of any kind.

“I’m basically sentenced to death anyway,” he said.

I can’t work to provide for my wife, and I won’t be entitled to any welfare payments anyway.

The government is effectively sentencing me to death.

He added: “I’m not going to keep feeding money into the Irish Exchequer – when I was in trouble here and had no work or no money, they did nothing for us.”

Asked if there was any prospect of becoming so ill that he would give up his wife, he said: “I’m afraid not. No, there’s not. I’m just that type of stubborn person.”

Rochford is to mount a protest against the property tax outside the Four Courts on Monday morning – the day upon which the tax will formally be charged, and when he will lose his tax compliance – and says only the repeal of the tax will encourage him to end his strike.

via Property tax hunger striker: ‘I’d say I won’t last too long’.

Anglo Irish Bank- Latest updates from Home and Abroad


download (6)

Irish central bank probes tapes
South China Morning Post
“Any suggestion that the taxpayer was lured into bailing out Anglo Irish Bank under a false impression about the state of the bank’s financial condition is deeply disturbing and has to be fully investigated by the authorities,” said its finance 
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Absence of women fuelled Gordon Gekko ‘greed is good’ culture – Independent.ie

THERE is something missing from the Anglo Tapes in all their tawdry, almost satirical glory. That missing something is women. read full article

independent.ie

Bank’s shame taints Ireland in media all over the world

THE Anglo Tapes scandal continued to snowball around the world, with former manager John Bowe’s recital of ‘Deutschland Uber Alles’ and former chief executive David Drumm’s comments tha read full article

independent.ie

How bankers planned policy of deception

THE latest Anglo Tapes were recorded on September 19, 2008. read full article

independent.ie

Kenny meets Merkel for talks as her party colleagues rage

ENDA Kenny spoke with Angela Merkel yesterday – but the mounting fury in Germany over the revelations in the Anglo Tapes was not discussed. read full article

independent.ie

The Anglo Tapes has made the front page of this German tabloid

And another German newspaper says that Anglo bankers and others should be put in sack and beaten. read full article

thejournal.ie

Irish central bank probes whether tapes show rule-breaking

Globe and Mail
Ireland’s central bank will investigate whether tapes of senior bankers laughing at regulators contain evidence rules were broken during the 2008 rescue of failed lenders that eventually led to the country’s EU bailout. In a statement on Wednesday, the 
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Anglo Irish Bank German comments are ‘unbearable,’ Angela Merkel ally

Irish Independent
GERMAN people are disgusted and offended at reported comments that show executives at the failed Anglo Irish Bank Corp targeted German deposits and one banker singing ‘Deutschland ueber alles,’ a German lawmaker has told Bloomberg news.
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Drumm: ‘Another day, another billion’

In the hours leading up to the bank guarantee in September 2008, the CEO of Anglo, David Drumm, joked about the haemorrhage of cash from the bank.read full article

breakingnews.ie

Fresh questions over Drumm’s public statements on bank’s finances

FRESH questions have been raised about public declarations by then chief executive David Drumm that Anglo Irish Bank was solvent and profitable in late 2008, after the Irish Independent read full article

independent.ie

Anglo Irish Bank’s John Bowe and Peter Fitzgerald Defend Secret Phone Call 
IBTimes.co.uk
The Anglo Irish Bank bosses, who were secretly taped on the phone, have categorically denied that they deliberately misled the government and regulators about the financial health of the group, prior to the huge bailout that brought Ireland’s economy 

Irish central bank probes whether tapes show rule-breaking
Yahoo!7 News
Public outrage is growing in Ireland after a newspaper published transcripts of taped telephone conversations between executives of the now-defunct Anglo Irish Bank, wrecked when a property bubble burst in 2008 after years of reckless lending. Rescuing 

download (7)
Dublin plans Anglo Irish inquiry amid public anger
Financial Times
Dublin aims to set up a public inquiry into the banking crash in the autumn in response to deep public anger caused by the broadcast of taped phone calls suggesting Anglo Irish Bank deliberately misled the previous government into supporting the lender 
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James Moore: Irish are not laughing at bankers’ crude jokes
The Independent
Outlook Yesterday provided yet more evidence of the depths to which the banking industry sank during the lead-up to and during the crisis. The fact that it came from across the Irish Sea doesn’t make it any less relevant. Senior executives at Anglo 
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Irish bankers joke over bailout at EU’s expense
The Independent
It was not just generous Irish taxpayers being mocked by the bailout-hungry executives at AngloIrish Bank. New recordings leaked yesterday showed them laughing at the German government as it pumped billions of euros in to shore up the stricken bank.
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Anglo Irish Bank scandal: ‘we are offended’ says German politician
The Guardian
The behaviour of the Anglo Irish executives has turned them into national hate figures in the Republic and now, it appears, also in the country which has supplied most of Europe’s money to prop up not only the Irish banking system but also the entire 
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image

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

irishtimes.com

Anglo Irish bankers ‘tricked’ government into bailout

Telegraph.co.uk
The partial transcripts, published in the Irish Independent newspaper, appeared to show the bank’s then head of capital markets, John Bowe, admitting that Anglo had deliberately hoodwinked the government over the size of the bailout required. Speaking

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 
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Irish bankers ‘hoodwinked’ government over bailout, secret recordings show
The Guardian
Taped phone calls between two senior executives at Anglo Irish have compounded suspicions in the Republic that bankers lured the then Fianna Fáil led government during the crash of September 2008 into a costly financial trap by saving the debt-stricken 
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Kenny Faces Irish Bank Inquiry Calls as Anglo Tapes Released
Bloomberg
Irish Prime Minister Enda Kenny faced growing calls for an inquiry into the collapse of Anglo IrishBank Corp. after the Irish Independent released recordings of talks between executives as the lender sought a bailout. The partial transcripts from 

Tapes expose culture within toxic Irish bank 

Senior 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

irishecho.com.au

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 
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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 
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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

independent.ie

Abuse the bank guarantee, don’t get caught – Drumm

ANGLO 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

independent.ie

Former executive John Bowe denies misleading Central Bank

JOHN 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

independent.ie

Bounced into the bank bailout

A 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

irishtimes.com

Bank inquiry to begin by autumn, say Coalition sources

John Bowe says he deeply regrets tone and language he used in phone call read full article

irishtimes.com

‘Anglo tapes show need for banking inquiry’ – man who wants to run inquiry

Ciarán Lynch, the chair of the Oireachtas finance committee, says the tapes may be “the tip of the iceberg”. read full article

thejournal.ie

 

 

Anglo Irish Bank- News roundup


They gambled all our futures but it was just fun and games for bankers – Independent.ie

 

‘Fun and games, yeah.” The future of the country is being gambled and it’s all just fun and games for the executives in Anglo Irish Bankread full article

independent.ie

Tapes that reveal what really led to national collapse

Fitzgerald asked Bowe how they had arrived at the €7bn figure for the Central Bank. He replied: ‘As Drummer (CEO David Drumm) would say, picked it out of my arse’ read full article

independent.ie

The recording: Key quotes

* Look, c’mere . . . What’s goin’ on?’ read full article

independent.ie

Q&A: What’s in recordings – and why they’re so significant

Q The tapes are fascinating, but at the end of the day, isn’t it just two colleagues having a light-hearted conversation? Why should we care? read full article

independent.ie

Inside Anglo: Listen to the full recordings

Listen to the conversations between Peter Fitzgerald and John Bowe of Anglo Irish Bank. read full article

independent.ie

Two Anglo executives deny misleading Central Bank

The Central Bank was told by Anglo Irish Bank in 2008 that €7 billion in funding was needed to stabilise it – but a senior Anglo executive said to a colleague the true cost would be higher. read full article

rte.ie

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