Drumm on defensive as more recordings emerge

Former Anglo Irish Bank chief executive David Drumm has claimed he is being made a scapegoat for the banking crisis.

As more secret tapes revealed the banker calling the Central Bank “thatfucking shower of clowns down in Dame Street”, Mr Drumm attacked what he called the “drip, drip, drip” release of phone recordings made at the bank in 2008.

He claimed politicians and people he described as “politically connectedformer bankers and politically protected senior public servants”, were making him a scapegoat and did not want to see their role in the crisis highlighted.

In the latest tapes, Drumm admits that Anglo is close to breaching Central Bank rules as withdrawals reach over €1.5bn in a single day.

“The regulatory minimums are not in themselves a disaster for the bank unless somebody finds out about them,” Mr Drumm said to John Bowe, the bank’s head of treasury.

The conversation was recorded some time over late August or early September 2008. Elsewhere, Mr Drumm can be heard saying it is time for the bank to have a “conversation with our friends on Dame Street” about being bailed out.

“Our buddies on Dame Street... I don’t want any fucking bollocksology from them,” he adds.

In a statement to RTÉ News, Drumm said a campaign of misinformation about the bank guarantee had been going on for several years and it had to stop if the public were to finally understand what had happened.

On Friday, Alan Dukes admitted he knew about the taped conversations between Anglo senior management and was among the board members who handed them over to gardaí.

However, the former public interest director at Anglo, who went on to become IBRC chairman, revealed he did not tell Government ministers or inquiries about the tapes as he had not been asked about them.


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