Tuesday 20 March 2018

Actions speak louder than words, Mr Drumm

DAVID Drumm has told the Irish nation he is sorry. Well, in fact, the former Anglo Irish Bank boss has told us he is sorry for the tone and the language used in taped conversations, which date from September 2008 and were made public by this newspaper during the past week.

"I accept that the tone and language used in the tapes is inappropriate and I fully understand why the excerpts published have offended many people," he told the 'Sunday Business Post' in an interview yesterday. Mr Drumm has grounds for arguing mitigation about his comments because it was a febrile time with everyone under pressure and few, even among the experts, had a clear idea of where this huge bank crisis was headed.

Mr Drumm has, furthermore, very reasonably said he would like to hear the similar dialogues that were going on at that intense time between the other banks and the Central Bank of Ireland and the Financial Regulator. He quite rightly points out that the taxpayer-funded bank guarantee came about after talks at Government Buildings on September 28/29, 2008, which involved Bank of Ireland and Allied Irish Banks – and not Anglo Irish Bank representatives.

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