"Taped phone conversations posted by The Irish Independent show - TopicsExpress

"Taped phone conversations posted by The Irish Independent show two Anglo Irish Bank executives discussing how to secure billions in taxpayer-backed bailouts. They joked about when they plan to pay back the money (“which is never”) and why they requested the sum of €7 billion (“picked it out of my arse”). The tapes confirm suspicions that execs knowingly siphoned public money into an ailing bank that would eventually collapse and nationalize in 2009. Officials in Ireland are now investigating the case."

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