The Anglo Irish Tapes

GLaDOS

Surprised there's no thread on this. Or maybe everyone is completely unsurprised. Tapes recording Anglo higher ups discussing how they would deliberately mislead the central bank in order to extract as much money as possible to prop up the sinking ship

http://www.independent.ie/business/irish/tapes-that-reveal-what-really-led-to-national-collapse-29366839.html

Mr Bowe then says: "If they (Central Bank) saw the enormity of it up front, they might decide that they have a choice. You know what I mean?

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

It's almost Comic-Book Villain levels of evil. At the risk of sounding melodramatic, they should be charged with treason surely?

Zebra3

ScienceNerd wrote: »

At the risk of sounding melodramatic, they should be charged with treason surely?

No trial. Just round the bastards up and shoot them.

kennryyr

Can't listen to the tapes cause I'm in work but yeah reading the transcripts it sounds bad. If they willingly f*cked us over well yeah I think they should be charged and sent away for a long time.

Also sell EVERYTHING they own and give it back to the people (yes I know this won't happen but would be fun)

golfball37

Everyone knew it was thus. Nothing to see here. It will be ignored and the party will go on.

We're still waiting for the Lowry tapes to make the news even

fred funk }{

Surly that's enough evidence for them to see prison.

gobnaitolunacy

Cassette tapes. What is this, 1985?

People still use those?

Floppybits

fred funk }{ wrote: »

Surly that's enough evidence for them to see prison.

In most normal functioning countries these folks would already have been locked up. In Ireland that is still not enough evidence to lock them up.:mad:

Leiva

I was no fan of Brian Lenihan or FF, but the man must be turning in his grave today.

When you see what he was up against when trying to deal with these creeps.

It must have been like trying to catch an eel with boxing gloves on when trying to get a hold of what was going on at Anglo and other gambling banks.

infuriating stuff.

keysersoze0330

Ah sure there will be no charges, just like all the rest swanning about the country. Same old Ireland.

andrewdeerpark

Is their a photo of John Bowe and Peter Fitzgerald so we can identify the treasonous Irishmen on the tapes?

Zebra3

Leiva wrote: »

I was no fan of Brian Lenihan or FF, but the man must be turning in his grave today.

F**k Lenihan and f**k FF.

Those traitors sold this country down the river to protect a zombie bank that was of no use to the people and was only there to serve their mates from the Galway Races tent.

Leiva

keysersoze0330 wrote: »

Ah sure there will be no charges, just like all the rest swanning about the country. Same old Ireland.

these guys would probably be facing 20+ years if it was the States.

Curly Judge

I see that the two gentlemen involved are claiming that they didn't believe they were doing anything wrong.
No doubt their solicitors have advised them to take this stance?
But ...talk about smoking gun evidence!
If the the legal system in this country fails to get a conviction in this case I fear the consequences.

NinjaK

fred funk }{ wrote: »

Surly that's enough evidence for them to see prison.

Our court/legal system is there to deal with the ordinary citizen, not the people at the top. Until the weak minded Irish citizen throws up a fuss then it wont change.. Constantly electing FF/FG government certainly wont change anything, they are party's of the elite.

gallag

Disgusting.

Sergeant

Zebra3 wrote: »

No trial. Just round the bastards up and shoot them.

I'd prefer if we had a trial to be honest. Justice and all those archaic concepts that I do be reading about.

P. Breathnach

Sergeant wrote: »

I'd prefer if we had a trial to be honest. Justice and all those archaic concepts that I do be reading about.

If you have such odd views, why are you posting in AH?

dilallio

They should be investigated by the Criminal Assets Bureau, with a view to seizing all their personal assets including bank accounts, property, and pensions.

The CAB should also seize any money or assets 'gifted' by them to others, similar to what they did with the Jessbrook Equestrian Centre which John Gilligan gifted to his family.

TheFOB

Sergeant wrote: »

I'd prefer if we had a trial to be honest. Justice and all those archaic concepts that I do be reading about.

Yeah they'll get a 5 year term with 4.5 years suspended after they give a token sum to the poor box.

198321

And it is going to be in news for few days and than .. everybody is happy.

I am amazed how passive irish people are. I can't go out and tell you how stupid you all were during boom, I wasn't even in this country during boom. People care more about drink on Friday night rather than this.

If it was anywhere else huge protests and pressure would be put on government to deal with it, in Ireland? Maybe people will discuss it on Friday night drinking Guiness. Thats sad.

vitani

I'm confused. So the Central Bank gave them a loan of €7bn - a completely arbitrary figure, it seems now. How or why did they do that if there was no reason to pick that particular figure? Did Anglo forge documentation or did the Central Bank just decide that they were trustworthy fellows and give it to them on their say so.

It seems that my credit card application was given more thought than that first bridging loan was.

kupus

198321 wrote: »

And it is going to be in news for few days and than .. everybody is happy.

I am amazed how passive irish people are. I can't go out and tell you how stupid you all were during boom, I wasn't even in this country during boom. People care more about drink on Friday night rather than this.

If it was anywhere else huge protests and pressure would be put on government to deal with it, in Ireland? Maybe people will discuss it on Friday night drinking Guiness. Thats sad.

Yeah but they gave the loan for doing up the road.

SEPT 23 1989

What time will Sean Fitzpatrick be brought in for questioning today? as is the usual bullsh1t charade when something new comes out about Anglo

Leiva

It seems there is something behind this as a surprise is coming as to who released the tapes and why.

Sergeant

P. Breathnach wrote: »

If you have such odd views, why are you posting in AH?

I don't know man. I realise that in seeking a trial and a criminal investigation I'm going against the grain here. Being an extremist.

Perhaps we should just drag them out of their beds and shoot them in the head. Maybe get creative with our online bloodlust.

lucylu

if I could get me hands on those 2 Sh.its
he would be pulling more than numbers out of his arse..

The word C*** is too good a word for them :mad:

markesmith

"...that number is seven (€7bn) but the reality is that actually we need more than that. But you know the strategy here is that you pull them in, you get them to write a big cheque ... and they have to support their money."

How is John Bowe still be a free man?

hfallada

What will spending them to prison do? Nothing but cost the tax payer €65,000 a year. For a lot of these people being isolated from friends and broke is far worse than a prison cell.

Take Berne Madoff the man who stole $50 billion from people in a pyramid scheme. His wife wasnt sent to prison but lives in their $10 million dollar apartment but most live on $100 a week and has to ride the subway.

For wealthy people losing your friends and being hatred by everyone around is a worse punishment of prison sentence

theUbiq

Sergeant wrote: »

I don't know man. I realise that in seeking a trial and a criminal investigation I'm going against the grain here. Being an extremist.

Perhaps we should just drag them out of their beds and shoot them in the head. Maybe get creative with our online bloodlust.

They should be beaten and tied naked to the spire... :mad:

Keyzer

vitani wrote: »

I'm confused. So the Central Bank gave them a loan of €7bn - a completely arbitrary figure, it seems now. How or why did they do that if there was no reason to pick that particular figure? Did Anglo forge documentation or did the Central Bank just decide that they were trustworthy fellows and give it to them on their say so.

It seems that my credit card application was given more thought than that first bridging loan was.

Anglo didn't reveal the true extent of the mess, its in the tapes. They plucked a figure out of their arses, 7BN. Enough to be thought of as a problem but not enough to be super serious. Once the 7BN was in, the government would have no option but to keep going.

This is all a waste of time anyway. As someone else already said, there will be no consequences for this, not action taken, no legal proceedings and no time served. We'll be back to drinking our pints by Wednesday morning...

We're a joke of a country, we got the country back in 1922 and it took us less than 90 years to destroy it.

vitani

Keyzer wrote: »

Anglo didn't reveal the true extent of the mess, its in the tapes. They plucked a figure out of their arses, 7BN. Enough to be thought of as a problem but not enough to be super serious. Once the 7BN was in, the government would have no option but to keep going.

Well, yes, that's exactly my point. How the f*** did they manage to do this and why did the Central Bank (or whoever) not investigate fully before handing over the cash?

andrewdeerpark

As for the unbelievable comment today from IRBC / Anglo on the leak:

"Solicitors acting for IBRC, which is in liquidation, wrote to RTÉ requesting that it would not broadcast the recording of the phone conversation between Mr Bowe and Mr FitzGerald.

In the letter, the lawyers said that no person was authorised to disclose the contents of the recording.

Solicitors McCann FitzGerald said it was an "internal" IBRC telephone conversation that took place on 18 September 2008 and its contents were "confidential".

This is unreal we own this bank yet are challenging any information coming out in the open? Balmy, banana republic we live in??????

10000maniacs

If I was in power, that pair of gob****es together with Seanie would be hanging by the goolies from the place where the absent Anglo Irish Bank sign used to be in Stephen's Court.
People could give them a kick on their way to work.
People have been shot for doing a lot less in the name of the Irish state.

Keyzer

vitani wrote: »

Well, yes, that's exactly my point. How the f*** did they manage to do this and why did the Central Bank (or whoever) not investigate fully before handing over the cash?

Not to sound patronising but this has all been in the news for the last 5 years.

The bloke running the central bank at the time was a clown, the financial regulator at the time was a clown. The entire sector was rotten to the core and no one really gave two ****es, the two blokes in those tapes are laughing at one point.

mike65

Someone (with money) needs to take civil case against these boyos, if only to keep this in the public eye. I wouldn't trust the AGs office with something like this.

Keyzer

mike65 wrote: »

Someone (with money) needs to take civil case against these boyos, if only to keep this in the public eye. I wouldn't trust the AGs office with something like this.

I'd be truly amazed if anything came of this, certainly no legal proceedings will take place.

vitani

Keyzer wrote: »

Not to sound patronising but this has all been in the news for the last 5 years.

The bloke running the central bank at the time was a clown, the financial regulator at the time was a clown. The entire sector was rotten to the core and no one really gave two ****es, the two blokes in those tapes are laughing at one point.

Thanks for the explanation but to be fair, I'm more mildly ranting than asking for answers, albeit in the form of questions.

Firefox11

andrewdeerpark wrote: »

As for the unbelievable comment today from IRBC / Anglo on the leak:

"Solicitors acting for IBRC, which is in liquidation, wrote to RTÉ requesting that it would not broadcast the recording of the phone conversation between Mr Bowe and Mr FitzGerald.

In the letter, the lawyers said that no person was authorised to disclose the contents of the recording.

Solicitors McCann FitzGerald said it was an "internal" IBRC telephone conversation that took place on 18 September 2008 and its contents were "confidential".

This is unreal we own this bank yet are challenging any information coming out in the open? Balmy, banana republic we live in??????

But they played part of the recording on Pat Kenny on Radio one this Morning??

Boombastic

Those assholes show have their citizenship removed and the the traitors, their families and anyone who worked in the bank at at any level should be shot with balls of their own sh1t. Why are these tapes only coming public now?

moneymad

What law did they break? Surely a law was enacted since 2008 to deal with this sort of thing? As it failed in 2008.

TheFOB

moneymad wrote: »

What law did they break? Surely a law was enacted since 2008 to deal with this sort of thing? As it failed in 2008.

Well they certainly broke the companies act law against using the banks own money to prop up the share price.

keano_afc

Nothing will be done and we all know it. Sure look at the Lowry tapes. He lied to the tribunal. Is he in prison? Is he shite.

generalmental

hfallada wrote: »

What will spending them to prison do? Nothing but cost the tax payer €65,000 a year. For a lot of these people being isolated from friends and broke is far worse than a prison cell.

Take Berne Madoff the man who stole $50 billion from people in a pyramid scheme. His wife wasnt sent to prison but lives in their $10 million dollar apartment but most live on $100 a week and has to ride the subway.

For wealthy people losing your friends and being hatred by everyone around is a worse punishment of prison sentence

To be honest I can think of better punishments happening to them in prison.

You know something along the lines of, its now their time to be fcuked up the ar$e

mathie

moneymad wrote: »

What law did they break? Surely a law was enacted since 2008 to deal with this sort of thing? As it failed in 2008.

The Golden Rule of life ... Don't be a dick.

who_me

moneymad wrote: »

What law did they break? Surely a law was enacted since 2008 to deal with this sort of thing? As it failed in 2008.

Fraud, surely. Taking a loan with no intention of paying it back, lying about your finances in order to secure it?

mikom

May they die roarin'

Dyr

ScienceNerd wrote: »

Surprised there's no thread on this. Or maybe everyone is completely unsurprised. Tapes recording Anglo higher ups discussing how they would deliberately mislead the central bank in order to extract as much money as possible to prob up the sinking ship

http://www.independent.ie/business/irish/tapes-that-reveal-what-really-led-to-national-collapse-29366839.html



It's almost Comic-Book Villain levels of evil. At the risk of sounding melodramatic, they should be charged with treason surely?

I've said this before, our governments passed the various offences against the state acts to protect the country from those who were trying to undermine the state. Now the provos et al had about as much chance of overthrowing the state as I have of winning the grand national on two legs but the legislation was always passed in the name of protecting the state.


These c**ts in Anglo actually destroyed our sovereignty. Surely a classic case for extraordinary measures being taken to ensure that they are punished or even that it can never happen again. And yet the government does nothing ...hmmm

Bambi

Bambi wrote: »

These c**ts in Anglo actually destroyed our sovereignty.

No, no they didn`t. The politicians did. Had the market been let run its course the bankers would have all been unemployed. It was the vote in Dail Eireann that tied the taxpayers to the fate of the banks. It was the failure of the Seanad to do its job as a check and it was the failure of the President to refer this theft/fraud as a referendum to the Irish people. I hope the pointless Presidency and the useless Seanad are shut down.

If people don`t get out on the streets there will never be justice in Ireland. Never expect a fair go and do not expect to have much of a pension left in 20 years time.

golfball37

Deleted User wrote: »

No, no they didn`t. The politicians did. Had the market been let run its course the bankers would have all been unemployed. It was the vote in Dail Eireann that tied the taxpayers to the fate of the banks. It was the failure of the Seanad to do its job as a check and it was the failure of the President to refer this theft/fraud as a referendum to the Irish people.

If people don`t get out on the streets there will never be justice in Ireland. Never expect a fair go and do not expect to have much of a pension left in 20 years time.

Well said- Blaming a financial institution for maximising its profits is a bit like giving out about a hospital curing people. We were supposed to have a regulatory system that stopped corrupt practices and a government that held them to account. Both were negligent in their duty.

Dyr

Deleted User wrote: »

No, no they didn`t. The politicians did. Had the market been let run its course the bankers would have all been unemployed. It was the vote in Dail Eireann that tied the taxpayers to the fate of the banks. It was the failure of the Seanad to do its job as a check and it was the failure of the President to refer this theft/fraud as a referendum to the Irish people.

If people don`t get out on the streets there will never be justice in Ireland. Never expect a fair go and do not expect to have much of a pension left in 20 years time.

Ah right, the market was perverted by democracy rather the market perverted democracy. Already heard that one

OU812

I've emailed my TD (Tommy Broghan) about this asking him to bring it up in the Dail & have them investigated for conspiracy to commit fraud.

I'd suggest others do the same. If we just rant about it on the internet, nothing will come of it.