Politics 1 July 2013 "I knew they were bad, bad, bad" Business quote of the day. Print HTML "I knew they were bad, bad, bad" David Drumm, former boss of Anglo Irish Bank, has spoken for the first time since recorded phone calls during the banks collapse, which eventually cost Irish taxpayers €30bn, were published. The tapes, released to the Irish Independent last week, revealed senior executives at the bank singing the German national anthem as deposits were guaranteed from the EU, admitting that they plucked the €7bn bail out figure out of thin air and Drumm saying he would "probably punch" Finance Minister Brian Lenihan. › Will MPs reclaim the power to vote against a pay rise? Photograph: Getty Images Subscribe More Related articles Chinese loan sharks are using nudes as collateral. Is this the grim future of revenge porn? Tea Leavers and Champagne for Remain: what your shopping basket says about your EU stance “I’m a big boy”: What happened when MPs grilled Philip Green about the BHS scandal?