The former chief executive of Anglo Irish Bank never denied his participation in the transactions with Irish Life & Permanent. Anybody who was interested in buying or selling Anglo Irish Bank shares, or anybody considering trading in its bonds, or considering withdrawing their deposits, was given a false account of the financial position of the bank. Once the government decided in September 2008 to guarantee all of the deposits in all of the Irish banks, the deception was essentially redundant anyway. It is troubling to think that if Anglo Irish Bank had not collapsed, details of this fraud on the market might never have come to public attention. The arrival of a new player in Amazon has broken the hold BT and Sky have had on Premier League coverage in the UK.

Source: Irish Independent June 10, 2018 16:52 UTC