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

21st February, 2021
Colin Murphy: Beating Drumm ignores how crash not just the fault of a cartoon villain bank
David Drumm has often been the face of the Irish banking crisis

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...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

Ian Guider: Three’s definitely not a crowd in our banking sector

Banking Ian Guider 4 days ago

Company Watch: AIB chief is confident about bank’s post-lockdown future

Banking Peter O'Dwyer 4 days ago

PTSB suffers setback in plan to buy Ulster Bank loans

Banking Peter O'Dwyer 4 days ago

Company watch: PTSB could be on track to become storied third force of Irish banking

Banking Peter O'Dwyer 4 days ago