The source: http://www.independent.ie/business/irish/inside-anglo-the-secret-recordings-29366837.html
On Mon, Jun 24, 2013 at 8:49 PM, Tom Walker <[email protected]> wrote: > The Irish people, who sacrificed their sovereignty and billions of Euros, >> are waking this morning to a stunning revelation that the bailout to save >> Anglo-Irish was engineered by the Bank’s leadership to game as much money >> as possible from the central bank. The Irish Independent has secret >> recordings from the period in 2008 – below – that show senior management >> luring the State into giving it billions as they admit the EUR 7 billion >> number was “picked out of my arse.” >> > > >> The bottom-line is that the bank knew they were in trouble and so decided >> to game the Central Bank and their regulators knowing that once the State >> began the flow of money, it would be unable to stop: “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… [once] they have skin in the game.” Will there be an Irish Spring as >> the conspiracy theory of the banking bailout now become conspiracy fact? > > > -- > Cheers, > > Tom Walker (Sandwichman) > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > >
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