> > 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)
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