C Katt Krespach – United States citizens feel helpless against both the 100 year old wall street banking cartel and easily bought political elections. Juxtapose Ireland… where their countrymen are taking down those who are responsible for destroying their lives and livelihood.
Shocking! … Former Irish Bank leader, David Drumm, has been extradited from the U.S. and brought in front of a Dublin District Court Magistrate to face charges for his part in the 2008 financial crisis felt round the world.
The former chief executive of Irish Anglo Bank was found in Boston in late 2015 and arrested.
Held in Federal Custody, Drumm originally fought extradition to Ireland but recently withdrew his plea and returned to his home country on March 15, 2016.
The People vs. The Bankers
Iceland’s move to hold the bankers criminally accountable has led the way for Ireland to do the same.
Drumm faces 33 criminal charges that include fraud, forgery, misleading management reporting, unlawful lending, falsifying documents, and false accounting.
“The CEO of Anglo Irish Bank from 2005 until December 2008, Drumm faces 33 charges related to a circular lending scheme that involved authorizing billions in loans to be invested back into the bank, artificially propping up its share price.”
As expected, Drumm is far from talking truth and is denying any wrongdoing regardless of the fact that his actions are linked to financial transactions prior to the collapse of Anglo, according to the Irish Times.