‘Another day, another billion,’ laughs Drumm

Irish Independent -

NEW Anglo Tapes reveal bank chief executive David Drumm joking with a senior executive about the haemorrhage of funds from the institution hours before the Government bank guarantee.

As his bank teetered on the brink of collapse, Mr Drumm is heard laughing: “Another day, another billion”.

He was referring to the flight of deposits out of the doomed bank before the bank guarantee in September 2008 – running at over €1bn a day at the time.

EXPLOSIVE

Separately, in the wake of the furore over the revelations, it has emerged cabinet ministers are weighing up a second referendum to give the Oireachtas extra powers.

The Cabinet discussed at length yesterday how best to uncover the truth and ensure there is accountability after the banking crisis that cost the taxpayer €64bn.

Although Taoiseach Enda Kenny said the Government favoured an inquiry by an Oireachtas committee, cabinet sources said there was debate about other options.

 

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3 Responses to ‘Another day, another billion,’ laughs Drumm

  1. Diane Denizen June 26, 2013 at 9:38 am

    “Although Taoiseach Enda Kenny said the Government favoured an inquiry by an Oireachtas committee, cabinet sources said there was debate about other options.”
    All rather too little too late, no good closing the stable door when the horse has gone walk-about, but in this case its not a horse, its the wealth of the Irish nation and people that has gone. There has been a conspiracy, and this not fit for purpose government can not be trusted to get to the truth and DEAL with the perpetrators. The money is gone and the alleged debt has to be written off, the stolen funds need to be found and returned to the people of Ireland, heads must roll this time!

    Reply
  2. ulsterman June 27, 2013 at 6:10 pm

    Is Sean Quinns cell not empty?

    Reply
  3. Tristan B. Becker June 27, 2013 at 7:22 pm

    If the quality of Dail debate over the past five years is anything to go by, all the focus would be the night of the bank guarantee.

    Reply