The latest tape recordings from Anglo Irish Bank have revealed the moments that its senior executives first considered having to ask the Central Bank for state aid.
The tapes obtained by the Sunday Independent reveal the then CEO David Drumm considering having a conversation with his "buddies on Dame Street" to discuss the possibility of needing outside help to stay afloat.
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In the conversation recorded in September 2008, Mr Drumm and the bank's director of treasury John Bowe are heard discussing how many days of losses the bank could sustain before running out of cash altogether.
Mr Bowe is heard assuring Mr Drumm that the losses would slow down after a weekend break - but the recording ends with a discussion about approaching the Central Bank to discuss getting cash under the State's blanket guarantee.
Mr Bowe told his boss that he and has colleagues had been working on "maybe having the conversation" with "our buddies on Dame St" - a reference to the Central Bank - about what he called "fallback", i.e. a bailout.
"I don't want any fucking bolloxology from them," he adds.
"If it gets close to the bone in terms of cash, we need to be able to pull money down - so get yourself ready."
In a second extract, the pair can be heard discussing the international banks and funds which are taking money out and putting money into Anglo.
During this conversation Drumm and Bowe can also be heard using derogatory language, referring to the Central Bank as "that shower of clowns".