http://news.bbc.co.uk/1/hi/world/europe/7907926.stm
Fraud search at Anglo Irish Bank
Fraud investigators and police are searching the headquarters of Anglo Irish Bank in Dublin.
The Office of Director of Corporate Enforcement, a company watchdog, was leading the search after a judge issued a warrant on Monday, Irish police said.
Garda and fraud investigation bureau staff are also present.
They said they were searching for books and documents which could provide evidence relating to suspected offences under the Companies Act.
The Irish government nationalised Anglo Irish Bank in January amid fears it would collapse.
Its share price had plummeted amid a wave of controversies.
In December the bank's chairman, Sean Fitzpatrick, resigned after admitting that he had transferred millions of euros out of the Dublin-based bank's accounts.
Chief executive David Drumm announced his resignation shortly afterwards.
Inside Anglo: the secret recordings
Exclusive: Tapes reveal the lies and deception that led to the bank bailout
[URL="http://www.independent.ie/business/irish/inside-anglo-the-secret-recordings-29366837.html"]Link to recordings here
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PAUL WILLIAMS SPECIAL CORRESPONDENT 24 JUNE 2013
TAPE RECORDINGS from inside doomed Anglo Irish Bank reveal for the first time how the bank's top executives lied to the Government about the true extent of losses at the institution.
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 September 2008.
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.
For the first time, taxpayers get an exclusive insight into the banking shenanigans that cost Ireland our sovereignty.
http://www.independent.ie/business/irish...66837.html
Why are people not out in the streets saying:
We're done, the social contract is broken.
Our life savings were stolen, our homes repossessed, our children have no jobs and have left the country. And for what?
To protect some contemptible lying white collar criminals, and some politicians bought and owned by the 0.1 percent of the population who consider themselves superior.
Untouchable.
I ask myself the same questions Jan. It is outrageous. Where is the rage?
Jan Klimkowski Wrote:Why are people not out in the streets saying:
We're done, the social contract is broken.
Our life savings were stolen, our homes repossessed, our children have no jobs and have left the country. And for what?
To protect some contemptible lying white collar criminals, and some politicians bought and owned by the 0.1 percent of the population who consider themselves superior.
Untouchable.
Dissipated by the psyops and the MSM.
Where is the rage? is a question I asked a bunch in '75.
A President unelected only selected (another GOP precedent)
And Nelson Rockefeller as the Selected Vice President.
Both offices unelected at the same time and running for Election?!?!
Spook City baby.
I gave up on organizing after watching a group become effective and immediately be penetrated by provocateurs, become divided into less effective small factions and last be dissipated into weekly pity parties. All in the pre-UNpatriot Act 1990s.
In 1975 too many activists went disco dancing?
I could not believe nobody gave a shit any more.
It will always be a mystery to me what happened on the home front from '72 to '75.
Watching in silence as the Church Committee and the Pike Investigation and the HSCA vividly exposed the fact that even after the SE Asian Games and Watergate debacles - all was still under the control of assholes ordering Dick Helms to shed Angleton and so forth.
America choose the Leave it to Beaver Ostrich head in sand pose over the New Frontier and went back to sleep.
By doing so the Americans empowered RReagan with Meese and Casey and Cheney and Rumsfeld still in GOP tow.
Spook township an exploding population of spectres.
Some folks are waking up though.
I hope the hell so.
Jim