By TANA FRENCH
DUBLIN — FOR the past month, Ireland has been outraged by tapes of Anglo Irish Bank officials, back in 2008, discussing lying to the government about how big a loan they needed, and how they knew there was no chance that the loan would ever be repaid. That loan was the first domino in a sequence that ended with the whole Irish economy flat on its face.
It’s not the bankers’ actions that have outraged people — pretty much everyone had a fair idea that this was what had gone down. It’s the overpowering sense of amorality revealed on the recordings, which were released by the Irish Independent newspaper. The bankers have a great laugh about the situation. It genuinely never seems to mean anything to them that the taxpayer is going to be forced to pay their bills, to the tune of tens of billions. More than that: it never seems to occur to them that their actions might harm people.
I write psychological crime, so I spend a fair amount of time thinking about morality and amorality and what underlies them. And it seems to me that this amorality could be a symptom of something deeper: a total disconnect between action and consequence.
Ireland’s population is just over half that of New York City’s. Our ruling class — including many of the politicians, bankers and property developers who wrecked the economy — is a tiny community, interwoven by friendship, marriages, education, sports and financial transactions to a degree that would be unimaginable in a bigger country. That interweaving has created a safety net that won’t let any of the ruling elite fall. If you’re a banker and your golf buddy’s kid wants to be a banker, then it doesn’t matter if the kid is an idiot, or if he kills cats for kicks: you’ll take him on, and you’ll keep him on…….
- Former Anglo Irish Bank chief David Drumm apologizes, says inquiry needed on bank guarantee (irishcentral.com)
- Irish PM Promises Probe Against Bankers (nalonmit.wordpress.com)
- Deputy PM slams ‘arrogant’ bankers (morningstaronline.co.uk)
- Anglo Irish Bank scandal: Irish call Germans to say sorry (guardian.co.uk)
- Irish politicians ultimately to blame for Irish property crash and burn (irishcentral.com)
- Bankers simply toyed with our leaders (independent.ie)
- ‘Get them to write a big check:’ Irish banker pulls bailout figure from ‘arse’ in leaked tapes (rt.com)
- We’re now paying dearly for blinkered bankers’ denial (independent.ie)