Transcripts of Anglo tapes recorded after bank guarantee introduction are published

Anglo Irish BankAnglo staff laughed and joked about abusing the bank guarantee in the days after its introduction. Further transcripts of conversations between Anglo Irish Bank executives are printed in today’s Irish Independent – this time with extracts of the bank’s former CEO David Drumm warning executives not to get caught abusing the guarantee scheme. In another extract, two senior executives describe a possible nationalisation of the bank as fantastic, so they can keep their jobs and become civil servants. In this clip, John Bowe, the then Director of Capital Markets with Anglo and David Drumm, Chief Executive with Anglo at the time, talk about the German reaction to the bank guarantee: [audio_player src=””]