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June 30 2013

Ireland : Bankers joke about their €7 billion bailout scam - World Socialist Web Site

Ireland: Bankers joke about their €7 billion bailout scam - World Socialist Web Site

http://www.wsws.org/en/articles/2013/06/29/bank-j29.html

Ireland: Bankers joke about their €7 billion bailout scam
By Steve James
29 June 2013

Transcripts released this week by the Irish Independent record conversations in 2008 between leading Irish bank executives, joking about how they had scammed billions of euros to bail out the now-defunct Anglo-Irish Bank.

The conversations provide an insight into the reckless, sneering cynicism of the ruling elite as they proceeded to swindle the working people to the tune of trillions of euros.

#irlande #crise_bancaire #spéculation #dette #cynisme

June 27 2013

Bankers Caught On Tape, Joking About Bailout, And How They'd Never Pay It Back - YouTube

Bankers Caught On Tape, Joking About Bailout, And How They'd Never Pay It Back - YouTube
https://www.youtube.com/watch?v=dj8eR2o4f6s

The Irish Independent, a Dublin-based newspaper, has uncovered tapes of an internal phone conversation from September 2008 between two executives at Anglo Irish Bank during its bailout deal and they sound pretty scandalous. The Irish Independent points out that the recordings show they misled the Central Bank.

The executives from the recording have been identified as John Bowe (head of the bank's capital markets) and Peter Fitzgerald (director of retail banking).

However, Bowe “categorically denied” that he misled the Central Bank and Fitzgerald, who wasn't involved in discussions with regulators, said he was unaware of any intention to mislead, the report said.

Either way, the newly revealed recordings are still embarrassing.

#banque #Irlande #scandale #Banque_Centrale

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