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Bankers Caught On Tape, Joking About Bailout, And How They’d Never Pay It Back

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Looks like the guy with the cement mixer who drove into the gates of Irish Parliament in 2010 to make the statement about Anglo Irish Bank being toxic has been proven right in his assessment.

The Irish Independent, a Dublin-based newspaper, has uncovered tapes of an internal phone conversation from September 2008 between two executives at Anglo Irish Bank during its bailout deal and they sound pretty scandalous. The Irish Independent points out that the recordings show they misled the Central Bank.

The executives from the recording have been identified as John Bowe (head of the bank’s capital markets) and Peter Fitzgerald (director of retail banking).

However, Bowe “categorically denied” that he misled the Central Bank and Fitzgerald, who wasn’t involved in discussions with regulators, said he was unaware of any intention to mislead, the report said.

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