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Anglo Republic
Anglo Republic
Oct 27, 2024 6:36 PM

Author:Simon Carswell

Anglo Republic

Simon Carswell's Anglo Republic: 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 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 is also the definitive one.

'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

'Chock-full of astonishing revelations' William Cohan, Irish Times

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

A gripping chronicle by a corporate whistle-blower who achieved a stunning victory

—— Kirkus

He is one of the few foreign businessmen to have penetrated deep inside a Japanese corporation and to report back unflinchingly on what he saw. What he found was not pretty

—— Financial Times

Woodford has emerged as a hero, named by at least one British newspaper as its 2011 executive of the year. And rightly so. His gift for candor, so evident as a whistle-blower, serves him well as a memoirist.

—— Bryan Burrough, author of Barbarians at the Gate , The New York Times

Michael Woodford could have spent years turning a blind eye to the shady dealings of executives at Olympus. Instead he dove headfirst into allegations of corporate misconduct

—— Time

This memoir of one of Japan's biggest business scandals is for more than corporate governance experts, with its fascinating tale of good versus evil

—— Japan Times

A gripping narrative ... impressive reporting and writing chops are on full display ... reads like a fast-paced John le Carré thriller, and never lets up

—— New York Times book review

a feat of reporting, and much of it reads like a novel

—— Leigh Gallagher , Washington Post

a remarkable read

—— John Arlidge , Sunday Times

jaw-dropping

—— Financial Times

a gripping financial thriller

—— Daily Mail

Well worth the read. I couldn’t put it down

—— Investing.com

A potent book... an incisive social critique that slices through financial jargon and gobbledygook to accurately map the all-too-common corruption in America’s hedge funds that are sucking up billions and billions that used to be invested for the growth and benefit of society as a whole in building infrastructure, expanding existing and new businesses and creating jobs

—— Winnipeg Free Press

An utterly absorbing look at how Cohen pushed his traders to the limit—that “black edge”—and how he mostly insulated himself from the potential ramifications. This fast-paced, true-life thriller will leave readers enraptured—and troubled

—— Booklist
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