Here we see an illustration of Irish banking scams that lead to their collapse, and repeated warnings by a risk manager of an Irish bank were ignored. Now that he is speaking out, Irish media won't report it. And, no one is being charged with any crimes. Sounds familiar?
What Sugarman’s story reveals above all is how no one in power, whether that be financial, political or media power, wants any questions asked or truths exposed. Sugarman has been ignored by everyone in the Irish establishment: his bank, the banks regulator, all the Irish political parties, all the newspapers and I was there when he told his story to one of Ireland’s top TV journalists only to never hear from him again.