company:irish independent

Ireland: Bankers joke about their €7 billion bailout scam - World Socialist Web Site

▻http://www.wsws.org/en/articles/2013/06/29/bank-j29.html

Ireland: Bankers joke about their €7 billion bailout scam
By Steve James
29 June 2013

Transcripts released this week by the Irish Independent record conversations in 2008 between leading Irish bank executives, joking about how they had scammed billions of euros to bail out the now-defunct Anglo-Irish Bank.

The conversations provide an insight into the reckless, sneering cynicism of the ruling elite as they proceeded to swindle the working people to the tune of trillions of euros.

#irlande #crise_bancaire #spéculation #dette #cynisme

Au cours d’une conversation téléphonique enregistrée à leur insu, les dirigeants des banques irlandaises reconnaissent avoir extorqué 7 milliards d’euros d’argent européen à leur seul profit :

The taped conversations, obtained by the Irish Independent newspaper, between John Bowe and Peter Fitzgerald, who led Anglo-Irish’s capital markets and retail banking arms, respectively, indicate the Irish government was duped into pumping €7 billion of emergency cash into the bank on the assumption that it would plug the lender’s funding crisis.

But the €7 billion figure was just a ruse to get the government to put “some skin in the game,” with the bankers assuming that politicians would have no choice but to provide further emergency funding once they had been “pulled in”.

▻http://euobserver.com/economic/120634

SyriaTracker
Syria Tracker News: 6 Killed as Battles Intensify in Syria - Naharnet ►http://bit.ly/Lv2OvM #basharcrimes

Syria Tracker News: Syrian rebels abandon ceasefire and ’kill 100’ - Irish Independent ►http://bit.ly/M8TxfZ #basharcrimes