Drumm’s surprise move leaves Anglo wondering where to go from here

EARLIER this month, so local media in the US reported, David Drumm forked out thousands of dollars to erect a seven-foot fence around his Cape Cod home.

Where he got the thousands of dollars given that he was about to apply for bankruptcy and whether his creditors will now insist on making him walk the planks back to the hardware store, are just some of the questions his actions have raised since he fled these shores.

But the answers to those questions, and the many hanging over from his time as chief executive of Anglo Irish Bank, are likely to get all the more elusive given the legal fence he is building around himself by opting to enter bankruptcy proceedings 3,000 miles away from where his troubles began.