Warts-and-all look behind the scenes as crisis engulfed bank
The Anglo Tapes have delivered a riveting insight into the bowels of Anglo Irish Bank during the financial crisis that toppled the State. For the first time the public can feel what it was like to be some of the key men behind the fall of a bank which has cost the State €30bn.
Exclusively, in the Sunday Independent, Tom Lyons and Gavin Sheridan today reveal how Anglo's leadership wanted to "punch" the then Minister for Finance Brian Lenihan. We uncover their views on Michael Fingleton, the boss of Irish Nationwide, and Sean Quinn, once one of the country's richest tycoons.
There are incredible off-the-cuff quotes from the Anglo bankers, which show the public just what it was like to be at the crazed wheel. Undoubtedly similar tapes exist in Ireland's other banks but to date we have been denied access to them.
It is startling stuff which started with Paul Williams in the Irish Independent on Monday and ran all week online on independent.ie, dominating the news agenda. As each fresh revelation has emerged, it is becoming harder and harder for the State to continue to keep what really happened inside Irish banking in the run-up to the bailout only in the hands of a powerful elite.