The Government's decision to bail out the banks is the subject of the latest Anglo Tapes.
Independent.ie has exposed another phone call between former Anglo CEO David Drumm and Director of Treasury John Bowe.
The conversation was recorded on the 15th of December 2008 less than three months after the night of the banking guarantee, when politicians pledged billions to prevent the collapse of Anglo Irish Bank later that day – and possibly other banks later that week.
In this excerpt Drumm and Bowe can be heard discussing how more money will be needed to save Anglo than previously expected.
Meanwhile, David Drumm, has used a rival Sunday paper to issue an apology.
The man who resigned from his post as Chief Executive of Anglo Irish bank resigned in disgrace in December 2008 just days before it was nationalised at a cost of 30 billion Euro to the Irish taxpayer.
Today's Sunday Business Post carries the interview with Mr Drumm which was conducted by the journalist Niall O'Dowd:
