"Moral Hazard: When the state sets a precedent of bailing out large industrial actors who fail, what should we expect large industrial actors to do? "The astonishing tapes show senior manager John Bowe, who had been involved in negotiations with the Central Bank, laughing and joking as he tells another senior manager, Peter Fitzgerald, how Anglo was luring the State into giving it billions of euro.""
Posted on: Tue, 25 Jun 2013 00:41:31 +0000
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