Anglo Republic: Inside the bank that broke Ireland

(Paperback)

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The Number 1 Bestseller - The definitive history of the bank that brought Ireland to ruin As late as 2007, Anglo Irish Bank was a darling of the markets, internationally recognized as one of the fastest growing financial institutions in the world. By 2008, it was bust. The Irish government's hopeless attempts to save Anglo have led the state to ruin - culminating in a punitive IMF bailout in late 2010 and threatening the future of the euro. Now, for the first time, the full story of the bank the Sunday Times described as 'a building society on crack' is being told - by the journalist who has led the way in coverage of Anglo and its many secrets. Drawing on his unmatched sources in and around Anglo, Simon Carswell of the Irish Times shows how the business model that brought Anglo twenty years of spectacular growth was also at the heart of its - and Ireland's - downfall. He paints a vivid and disturbing picture of life inside Anglo - the credit committee meetings, the lightning-quick negotiations with property developers, the culture of lavish entertainment - and of the men who presided over its dizzying rise and fall- Sean FitzPatrick, David Drumm, Willie McAteer and many others. This is not only the first full account of the Anglo disaster; it will also be the definitive one.

Reviews

The arrogance, hubris and sheer greed of the Anglo cabal will send you over the edge -- Joe Duffy * Irish Mail on Sunday *
Littered with brilliant anecdotes -- Pat Leahy * Sunday Business Post *
A stunningly well-researched book that lives up to its lofty billing * Sunday Times *
A brisk and meticulous narrative of the mechanics of a banking collapse ... Carswell's tale of hubris and nemesis is similar to Too Big to Fail, Andrew Ross Sorkin's 'tick-tock' of the collapse of Lehman Brothers * Financial Times *
Rich with pertinent detail, historical context and sturdy reporting ... instantly rises above the standard of the other crisis tomes * Sunday Business Post *
Carswell's tale is chock-full of astonishing revelations -- William Cohan * Irish Times *
A fascinating book for anyone who wants to understand how a property boom can spiral out of control -- Deirdre Hipwell * The Times (Books of the Year) *
Superbly researched and written ... though it may enrage you -- David McCullagh
Breathtaking -- Ryan Tubridy

Author Bio

Simon Carswell is Finance Correspondent of the Irish Times and the author of Something Rotten- Irish Banking Scandals.