Saturday 24 March 2018

The bottom line for the men at the top

It is clear that bankers were not the only ones adept at the dark art of financial calculation, writes Declan Lynch

IN the fullness of time, when we recall the Anglo Tapes, it is David Drumm that we will remember, picking it out of his arse.

I am increasingly convinced that in this powerful image, we can discern not just the philosophy of Anglo, but perhaps the defining economic principle of much of the western world in these times.

Top man John Bowe was quoting the Drummer in relation to a specific operation whereby Bowe-sy came up with a fictitious number of seven billion. But it was clear from the tone of the conversation that that seven billion was not the only number that these men had picked out of their arses during their long and successful careers in the upper echelons of the financial services sector.

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