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“Most Banks Do Exactly What You Expect………We do Exactly What You Want” June 24, 2013

Posted by irishelectionliterature in Business, Capitalism, Crime, Economy.
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A 1998 Ad for Anglo Irish Bank ……..
anglo98ad.jpg

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1. WorldbyStorm - June 24, 2013

Depending on who you are!

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2. Irishelectionliterature - June 24, 2013

Very much so! I presume the indo has a load of tapes and will run them all week. Listened to them this morning and sad part is i wasnt one bit suprised. FFers saying it puts them in the clear. How poor saint Brian Lenihan was duped by Anglo! Only a fool would have taken Anglo at their word. God knows many of the financial sector knew anglo were fucked a year or two before.

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WorldbyStorm - June 24, 2013

Funny you should say that IEL, in the post I did on that today that was a key thought, what of the lack of expertise politically and otherwise when the state and government met Anglo. No point in FF pretending this clears them. They should have known the score and it was their direct responsibility to have systems and regulations in place. Their culpability in all this isn’t lessened one bit by this info. Nor does that detract from the private sectors culpability in seeking less regulation either.

Which is a round about way of saying +1 to your thoughts on that particular issue.

BTW, I wonder how many tapes they have… And is this just the start and are they holding even better stuff back?

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irishelectionliterature - June 25, 2013

Related to this getting FF off the hook, Ian Kehoe on Vincent Browne said something along the lines of “Anglo went looking for 7 billion and they came back with a blank cheque for the banking system written by The Government”

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WorldbyStorm - June 25, 2013

The more that’s said the better!

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doctorfive - June 25, 2013

PAC has documents showing Merrill Lynch told Brian Lenihan that there were options and more or less predicted the death spiral that followed the blanket guarantee.

However he, Cowen and the Dept decided it would be “best, most decisive, most impactful” from the market’s perspective.

And here we are.

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3. Enya Rand - June 24, 2013

What a profoundly enjoyable couple of weeks this has been for leaks!

Snowden and Wikileaks, aided and abetted by Russia, China and Equador are demonstrating how rapidly the soft (and threats of hard) power of the US is crumbling.

And now this – it doesn’t tell us anything new, but it does illustrate the contempt in which the subaltern mini-masters of the universe in the Irish financial elite held the Irish people and their elected government.

Don’t, please, forget the Greens culpability in this matter. Had they had a clue, read just one book on the gunpowder nature of banking after they were let of the leash after the DotCom bust, and had an millimeter of backbone, they might have delayed this massive con. But they just turned over in their sleep and continued to dream of micro-flourescent bulbs.

Did any civil servant in the Department of Finance get sacked over this? They must have had some say. Not calling the lies of AIB was a massive dereliction of duty to the public good.

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WorldbyStorm - June 25, 2013

+1

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4. sonofstan - June 25, 2013

Don’t, please, forget the Greens culpability in this matter. Had they had a clue, read just one book on the gunpowder nature of banking after they were let of the leash after the DotCom bust, and had an millimeter of backbone, they might have delayed this massive con

*hollow laugh* – the Greens version of ‘changing the world’ depends, paradoxically and impossibly, on the world remaining exactly the same. The changes they want rely on there being the sort of economic system in place that makes those changes possible – but also, beyond the cosmetic, impossible.

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