Irish Banker Flees To U.S. And Files For Bankruptcy07:42
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The northern headquarters of the Anglo Irish Bank in Belfast, Northern Ireland.  (AP)
The northern headquarters of the Anglo Irish Bank in Belfast, Northern Ireland. (AP)

Anglo Irish Bank was flying high during Ireland's boom years, but it fell hard when real estate prices crashed in 2008. David Drumm, the former head of the bank, has since left Ireland for the U.S., where he filed for bankruptcy protection as Irish taxpayers were bailing out his bank. Richard Downes, Washington correspondent for the Irish broadcaster, RTE, explains.

This segment aired on November 18, 2010.

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