Upcoming Events

National | Crime and Justice

no events match your query!

Blog Feeds

The Saker
A bird's eye view of the vineyard

offsite link Bolivia ? A Color Revolution ? or a New Surge for Latin American Independence? Sat Nov 16, 2019 18:19 | The Saker
by Peter Koenig for The Saker Blog Like Túpac Katari, indigenous Aymara leader more than 200 years ago, confronting the Spaniards, Evo Morales was betrayed and ?dismembered? by his own

offsite link Adam Schiff Whistleblower Impeachment Based on a Tweet from Poland? Sat Nov 16, 2019 18:09 | The Saker
by George Eliason for The Saker Blog Look at the date in the above screen-shot. Read the summary again after you pick yourself up from off the floor. Adam Schiff

offsite link Listen to Morales at the UN and see why he was overthrown by the Empire Fri Nov 15, 2019 18:25 | The Saker
This is Evo Morales’ UNSC speech of this Spring:

offsite link Militarization of South America, Coup in Bolivia and Argentina?s rapprochement with the Eurasian pow... Fri Nov 15, 2019 11:30 | The Saker
By Fabio Reis Vianna for The Saker Blog On October 29th, the Cycle of Seminars on World Economy Analysis, organized by professors Monica Bruckmann and Franklin Trein, received in the

offsite link Moveable Feast Cafe 2019/11/15 ? Open Thread Fri Nov 15, 2019 11:30 | Herb Swanson
2019/11/15 11:30:01Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of

The Saker >>

Human Rights in Ireland
A Blog About Human Rights

offsite link US Holds China To Account For Human Rights Violations Sun Oct 13, 2019 19:12 | Human Rights

offsite link UN Human Rights Council Should Address Human Rights Crisis in Cambodia Sat Aug 31, 2019 13:41 | Human Rights

offsite link Fijian women still face Human Rights violations Mon Aug 26, 2019 18:49 | Human Rights

offsite link Saudi Human Rights Violation Fri Aug 09, 2019 20:41 | Human Rights

offsite link China?s LGBT Community Mon Apr 15, 2019 19:19 | Human Rights

Human Rights in Ireland >>

Cedar Lounge
For lefties too stubborn to quit

offsite link Climate crisis 11:37 Sun Nov 17, 2019 | WorldbyStorm

offsite link The Children of the Nation: An Anthology of Working People?s Poetry from Contemporary Ireland ? Book... 11:34 Sun Nov 17, 2019 | guestposter

offsite link Sunday and other Media Stupid Statements from this week? 09:40 Sun Nov 17, 2019 | guestposter

offsite link A story from Antarctica that touches on Mars? 14:47 Sat Nov 16, 2019 | WorldbyStorm

offsite link That latest television streaming service 12:04 Sat Nov 16, 2019 | WorldbyStorm

Cedar Lounge >>

Dublin Opinion
Life should be full of strangeness, like a rich painting

offsite link Some Thoughts on the Brexit Joint Report 11:50 Sat Dec 09, 2017

offsite link IRISH COMMONWEALTH: TRADE UNIONS AND CIVIL SOCIETY IN THE 21ST CENTURY 14:06 Sat Nov 18, 2017

offsite link Notes for a Book on Money and the Irish State - The Marshall Aid Program 15:10 Sat Apr 02, 2016

offsite link The Financial Crisis:What Have We Learnt? 19:58 Sat Aug 29, 2015

offsite link Money in 35,000 Words or Less 21:34 Sat Aug 22, 2015

Dublin Opinion >>

Inside the Anglo Irish - The secret tapes

category national | crime and justice | feature author Thursday June 27, 2013 23:00author by ciara Report this post to the editors

featured image
Drumm: Wanted by the people for High Treason

The astonishing tapes show senior manager John Bowe, who had been involved in negotiations with the Central Bank, laughing and joking as he tells another senior manager, Peter Fitzgerald, how Anglo was luring the State into giving it billions of euro. Mr Fitzgerald had not been involved in the negotiations with the Central Bank and has confirmed he was unaware of any strategy or intention to mislead the authorities. Mr Bowe, in a statement last night, categorically denied that he had misled the Central Bank.

The audio recordings are from the bank's own internal telephone system and date from the heart of the financial crisis that brought the State to its knees in Sept 08.

Anglo itself was within days of complete meltdown – and in the years ahead would eat up €30bn of taxpayer money. Mr Bowe speaks about how the State had been asked for €7bn to bail out Anglo – but Anglo's negotiators knew all along this was not enough to save the bank.

The plan was that once the State began the flow of money, it would be unable to stop. Mr Bowe is asked by Mr Fitzgerald how they had come up with the figure of €7bn. He laughs as he is taped saying: "Just, as Drummer (then-CEO David Drumm) would say, 'picked it out of my arse'."He also says: "If they (Central Bank) saw the enormity of it up front, they might decide they have a choice. You know what I mean?

"They might say the cost to the taxpayer is too high . . . if it doesn't look too big at the outset . . . if it looks big, big enough to be important, but not too big that it kind of spoils everything, then, then I think you have a chance. So I think it can creep up."

Mr Fitzgerald, the Director of Retail Banking, is heard saying: "Yeah. They've got skin in the game and that is the key." Mr Bowe's comments in the audio recording reveal that Anglo's strategy was to lure the State in, leaving taxpayers with no choice but to continue to provide loans to "support their money".

The recording also shows Mr Bowe and Mr Fitzgerald laughing as they say how there is no realistic chance of ever repaying the loans.''

Now i believe this was in the property of the gardai for over five years. My question is why wasn't anything done about it?

featured image
Banner drop in May 2010. See here

I know there was a referendum on legislating for inquiries for instances like this but the sheeple voted it down, and voted no.

Now it looks like there will have to be another referendum, or the government will have to find a different way of going about this.

What really boils my blood on this, in another recording i was listening to on RTE radio, they were laughing and joking about what expensive Merlot to drink on their ''working lunch''..

Meanwhile they have by their callous actions destroyed the lives of many a struggling family etc, while laughing about it.

It really sickens me.There are families who cannot even afford to feed their children that have given them up to orphanages in Ireland in the 21st century.

Are these people going to be prosecuted with the full weight of the law ala bernie madoff,or will they get off with it.?

There no different to any other form of criminal they have show flagrant disregard for the public at large.

Your thoughts please.

Editor: Some choice quotes

It's all a great laugh....
Drumm: “Ah, you’re abusing that guarantee. Paying too much in Germany I heard now as well. Fucking ridiculous, John.”
Bowe sings: “Deutschland, Deutschland, Ubber Alles” (both laugh) Drumm: I should be recording these calls for the fucking craic – or at least making notes.

Defrauding the system.....
Drumm: “We won’t do anything blatant, but,, we have to get the money in. Well we’ll have to fuckin’ tiddly-winkle for it.”
Bowe: “So I’m just saying to the guys: ‘Look, just be smart, don’t be stupid, get it in, don’t be overtly pumping it so that somebody can quote you… but we want to get the liquidity ratios up.’”
Drumm: “Correct and right. So okay so just keep nursing along….
Bowe: “We will. Now I have… sorry go on.”
Drumm: “… jack the rates up. That’s what I really meant, get the fucking money in, get it in.”

Related Link: http://www.independent.ie/business/irish/inside-anglo-the-secret-recordings-29366837.html

Caption: Anglo Irish Tapes Audio on YouTube from Independent.ie


 #   Title   Author   Date 
   anglo     John Maloney    Tue Jun 25, 2013 20:49 
   anglo and the blackhole banks     dave    Tue Jun 25, 2013 21:03 
   Re: Thoughts on the laughing Anglo tapes     T    Tue Jun 25, 2013 22:24 
   Keep Calm Paddy     Brian Clarke    Tue Jun 25, 2013 23:28 
   Qui bono?     Rational Ecologist.    Wed Jun 26, 2013 11:32 
   enron..     ciara    Wed Jun 26, 2013 14:49 
   A long drawn out costly enquiry only lines the pockets of the lawyers..     gary    Wed Jun 26, 2013 18:11 
   carnal knowledge...     dave    Wed Jun 26, 2013 19:23 
   Anglo Tapes -Jail these bankers!     T    Thu Jun 27, 2013 21:27 
 10   reality..     ciara    Fri Jun 28, 2013 14:15 
 11   Release of tapes stopped     Starfish    Sat Jun 29, 2013 03:16 
 12   Correction     Starfish    Sat Jun 29, 2013 03:18 
 13   lawyers will have a field day.. here comes their payday a long inquiry     ciara    Sat Jun 29, 2013 13:47 
 14   "The lawyers will have a field day"     W. Finnerty    Sat Jun 29, 2013 16:16 
 15   "... parliamentary inquiry into banking collapse ..."     W. Finnerty    Sat Jun 29, 2013 20:25 
 16   re:joan burton     ciara    Sun Jun 30, 2013 12:55 
 17   joan burton update     ciara    Sun Jun 30, 2013 19:37 
 18   class interests     Con Carroll    Sun Jun 30, 2013 19:46 
 19   complicated fraud?     gary    Mon Jul 01, 2013 12:39 
 20   good points Con     oliver    Mon Jul 01, 2013 14:42 
 21   inquiry to investigate circumstances planned     oliver    Mon Jul 01, 2013 15:33 
 22   Lengthy inquiries ffs..Stop the madness.     gary    Mon Jul 01, 2013 19:32 
 23   since the tapes broke..     dave    Tue Jul 02, 2013 12:00 
 24   libel     ollie    Tue Jul 02, 2013 15:37 
 25   reply     dave    Tue Jul 02, 2013 18:39 
 26   jail this squirming snake..     ciara    Tue Jul 02, 2013 21:14 
 27   And now they are going after the Anglo tapes whistle blower -how typical. What about AIB tapes?     T    Fri Jul 05, 2013 12:44 
 28   whistleblowers..     dave    Sun Jul 07, 2013 12:11 
 29   Who does it serve?     Baggie    Mon Jul 22, 2013 13:40 
 30   UPDATE: central bank drops it's investigation of anglo tapes     fred    Thu Sep 26, 2013 08:20 
 31   injustice     dave    Sun Sep 29, 2013 13:31 


Number of comments per page
  
 
© 2001-2019 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy