Warning signs at Anglo were there
Published 06/03/2010 | 05:00
Is it any wonder Anglo Irish Bank has gone down the tubes?
Whilst tidying out the other day, I came across a magazine called 'UCD Job Connections', Issue No 1, dated 2001, which featured an interview with Sean FitzPatrick, chief executive officer of Anglo Irish Bank Corporation since 1986, entitled 'Banking on the New Millennium'.
In it, he states: "Back in those days (circa 1974), you couldn't just go in and get loans from building societies the way you can now -- but I was told that I could get a loan if I worked in a bank, so I got a job in a bank (He had a BComm degree)."