Quantcast
Channel: TechKings
Viewing all articles
Browse latest Browse all 18655

ANGLO Irish Bank boss David Drumm laughed about "abusing" the bank guarantee

$
0
0
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.

Drumm is also heard giggling as one of his executives sings the German national anthem as deposits from Germany flow into Anglo as a result of the bank guarantee.

It's the first time the former Anglo chief executive is brought directly into the controversy.

His language and casual attitude to the crisis will be found extraordinary by readers.

The latest revelations from the Irish Independent's 'Inside Anglo' investigation display a casual, even reckless, attitude at the bank during the financial crash.

Mr Drumm can be heard laughing at the financial regulator's concerns about being seen internationally to be "abusing" the bank guarantee in late 2008.

"We won't do anything blatant, but . . . we have to get the money in . . . get the f***in' money in, get it in," he tells his senior manager, John Bowe.



Viewing all articles
Browse latest Browse all 18655

Trending Articles