The FitzPatrick Tapes: The sensational story of the man and the bank that brought Ireland low One day in May 2009, Sean FitzPatrick - the disgraced former chief executive and chairman of Anglo Irish Bank - sat down to lunch in a Holiday Inn in Dublin. Across the table sat Tom Lyons, a business reporter with the Sunday Times. Seven months later, the two met for the first of what would be seventeen formal, tape-recorded interviews over the course of 2010: a year when Ireland, its public finances ruined in large part by the cost of covering Anglo's losses, went bust itself. In these interviews, FitzPatrick talked at length and in detail about his banking experiences and philosophy, his colleagues and clients, his investments, his public disgrace, his arrest and his bankruptcy. Lyons and his colleague Brian Carey draw on the FitzPatrick tapes and on their many sources within Anglo, the state and the business community to tell the story of that crisis - and of the man who became the face of it. This is a tale of toothless regulators, hopeless accountants, politicians and civil servants out of their depth, and businessmen in denial about the crash. Above all, though, it is the story of FitzPatrick: the man who built that bank that has been at the centre of Ireland's economic meltdown. 'A sensational document' Eamon Dunphy, Newstalk 'It is a journalistic scoop; the story of a bank that got too big; a snapshot of an economic era; and, already, a piece - or at least a version - of history' Sunday Business Post
Since the 1960s, the class action lawsuit has been a powerful tool for holding businesses accountable. Yet years of attacks by corporate America and unfavorable rulings by the Supreme Court have left its future uncertain. In this book, Brian T. Fitzpatrick makes the case for the importance of class action litigation from a surprising political perspective: an unabashedly conservative point of view. Conservatives have opposed class actions in recent years, but Fitzpatrick argues that they should see such litigation not as a danger to the economy, but as a form of private enforcement of the law. He starts from the premise that all of us, conservatives and libertarians included, believe that markets need at least some rules to thrive, from laws that enforce contracts to laws that prevent companies from committing fraud. He also reminds us that conservatives consider the private sector to be superior to the government in most areas. And the relatively little-discussed intersection of those two beliefs is where the benefits of class action lawsuits become clear: when corporations commit misdeeds, class action lawsuits enlist the private sector to intervene, resulting in a smaller role for the government, lower taxes, and, ultimately, more effective solutions. Offering a novel argument that will surprise partisans on all sides, The Conservative Case for Class Actions is sure to breathe new life into this long-running debate.
Since the 1960s, the class action lawsuit has been a powerful tool for holding businesses accountable. Yet years of attacks by corporate America and unfavorable rulings by the Supreme Court have left its future uncertain. In this book, Brian T. Fitzpatrick makes the case for the importance of class action litigation from a surprising political perspective: an unabashedly conservative point of view. Conservatives have opposed class actions in recent years, but Fitzpatrick argues that they should see such litigation not as a danger to the economy, but as a form of private enforcement of the law. He starts from the premise that all of us, conservatives and libertarians included, believe that markets need at least some rules to thrive, from laws that enforce contracts to laws that prevent companies from committing fraud. He also reminds us that conservatives consider the private sector to be superior to the government in most areas. And the relatively little-discussed intersection of those two beliefs is where the benefits of class action lawsuits become clear: when corporations commit misdeeds, class action lawsuits enlist the private sector to intervene, resulting in a smaller role for the government, lower taxes, and, ultimately, more effective solutions. Offering a novel argument that will surprise partisans on all sides, The Conservative Case for Class Actions is sure to breathe new life into this long-running debate.
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