The Anglo elite and the secret recordings - guilty executives must be held to account - POLL
Contempt for the Irish government and the Irish people displayed in horrifying Anglo Irish tapes
As even more shocking revelations are published in the Irish Independent, the blood pressure continues to swell in the veins of taxpayers and Irish citizens throughout the country over the obnoxious, self-serving, egotistical Anglo elite and their self congratulatory, audacious, disdainful, pompous, contempt for the state and the public.
Even though Anglo, in its reinvented guise as the IRBC, was euthanised and put out of its misery in February of this year, its toxic legacy still prevails and lives on in the psyche of the country.
In Tuesday morning’s report, the then CEO of Anglo, David Drumm, takes centre stage urging his troops to show utter contempt and disdain for regulation of the banking sector. He openly mocks the Financial Regulator over his concerns of abuse in the system in the aftermath of the implementation of the guarantee, and calls on staff to, “abuse the Bank Guarantee, don’t get caught…”We won’t do anything blatant, but…we have to get the money in…get the fuckin’ money in, get it in.”
In July of 2008, the then Taoiseach, Brian Cowen and Sean Fitzpatrick, Chairman of Anglo Irish Bank, played a game of golf, where no business or banking matters were seemingly discussed on what was ‘merely’ a social occasion. Two months later, the Anglo tapes conversation between John Bowe and Peter Fitzgerald took place as published the Irish Independent.
The day beforehand, Anglo officials met with the Central Bank and the Financial Regulator and around the same time Sean Fitzpatrick met with Brian Lenihan. Concerns abounded that Anglo had liquidity problems, but Patrick Neary was assured the bank was solvent. In the early hours of the 30th of September five years ago, Anglo was one of the banks covered under the bank guarantee scheme.
The story dominates the papers and broadcast media this morning, with the Irish Times warning that the Government's planned inquiry can’t make findings of individual culpability, in The Star, Terry McGeehan speaks of the seething hostility of the public towards Anglo and the abuse of the state guarantee, and Martina Devlin in the Independent states that emigration is at famine levels, because Anglo lied. The Star also declares that the Anglo tape stars, John Bowe and Peter Fitzgerald, earned a massive €1.2 million euro each in the years after the bank guarantee, it seems all of John Bowes Christmases had come together as he said on tape, “That would be fantastic, if it was nationalisation, we’d keep our jobs,” and they could effectively see out their tenure as quasi civil servants in what became the warm embrace of the IBRC.
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The rule of law must prevail. If there are grounds for charges and reasonable liklihood of conviction then the charges should be brought. But until