Colin Murphy: Beating Drumm ignores how crash not just the fault of a cartoon villain bank
As the former Anglo boss walked free from prison last week, it became apparent that every time we focus on the sins of his bank, we lose sight of where else to lay blame
David Drumm’s release from prison last week came just after the tenth anniversary of the collapse of the Brian Cowen-led government that had been thrust by Anglo Irish Bank onto the front lines of the global banking crisis.
Drumm has often been the face of the Irish banking crisis, as Anglo was the catalyst for it. The market success of its banking model – “a building society on crack”, as it was retrospectively dubbed – ...
