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DETAILS OF THE latest Anglo Tapes revealed by the Irish Independent have pushed Allied Irish Bank and Bank of Ireland into the spotlight.
Recorded conversations between top executive John Bowe and former CEO David Drumm hint at the “loose” lending practices of Ireland’s main banks towards the end of the so-called Celtic Tiger boom.
According to the newspaper, Bowe can be heard telling his CEO:
They (Bank of Ireland) think that Allied have played fast and loose with lending money to every cowboy in town – apart from ourselves also lending money to every cowboy in town.
He also adds:
They think . . . they’ve been the sensible bankers and the market just doesn’t get it.
Bowe believes that AIB are getting off lightly on the markets:
What is exercising Bank (Bank of Ireland) more than anything else is why they’re being beaten up more than Allied (Allied Irish Banks).
The Sunday Independent published further extracts from the tapes yesterday, prompting comments from President Michael D Higgins.
He said those perpetuating that banking culture “do not reflect our core values as a nation”.
These are not the voices of the people of Ireland, and the attitudes that they reveal are not shared by the people of Ireland, and the behaviours they reflect are not characteristic of the people of Ireland.
The Sunday paper revealed remarks by Drumm about both the then-Minister for Finance Brian Lenihan and the then-head of the Department of Finance Kevin Cardiff.
He described a meeting with Cardiff ad “f**king horrendous”, before going on to say that he wanted to punch Lenihan.
“I’ll probably punch him [Lenihan],” Drumm says on the tape. “And I mean punch him, as if to say [to him], ‘What are you actually doing?’
Because you are creating an awful lot of uncertainty and can you just, can we move the game where you give us a little bit more clarity than you have given in relation to the availability of capital.
“I cannot change this now but I can apologise to those who had to listen to it and who were understandably so offended by it,” he told IrishCentral.com.
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Museums across the world have banners outside to advertise events. Yet for some reason An Taisce feels this should be a special case. Just like Dublin’s special skyline.
TheJournal had an image of what these banners are supposed to look like in a previous article. I cannot imagine anyone saying they look anything but fitting and dignified to match the importance of the GPO.
@Donncha: they have similar outside the old central bank, no issue
Urgh. An Taisce are trying to make themselves relevant again
Agreed, an Taisce and an bord pleanala ignore plastic signage all over o’Connell street and object to some classical banners designed in keeping with the GPO, bunch of muppets.
@Carla Killeen: Neither An Bord Pleanála or an Taisce have any power to remove signage that is a matter for planning enforcement. There is a loophole where the premise claim the signage is temporary or they remove the signage before they are due to appear in Court.
Seriously? And these clowns are paid to come up with this sort of claptrap!!
It’s about our culture not An Taisce’s band of irrational members
It’s a beautiful building leave it alone.
And, previously, Dublin City Council thought it was okay for an Ann Summers sex shop to open on O’Connell street? Really!
Banners look aufull that said gpo could do with a bit of a wash down
These c@#$s clearly have f@#$ all to do
@Niall Cassidy: *This post has a toxicity rating of 7.5. You may proceed to post it but other readers will notice that you are a frustrated lonely keyboard individual consumed by directionless negative energy*
I agree with An Taisce. The GPO should not be draped with banners for 3 years. Leave it alone.
An Taisce should go F right off.
It’s all right to have soup kitchens outside every night to make it even more unsightly than the banners though isn’t it?
have your say