Throughout his career Pat Farrell has, in one way or another, been involved in transferring money from foreign investors to property developers. He first worked at EBS, then as CEO of the Irish Banking Federation, then as a communications exec at Bank of Ireland. The Irish banking industry — particularly from 2000 to 2008, when Farrell was head of the Irish Banking Federation — basically acted as a middleman between European savers and Irish property projects. European investors lent the Irish banks hundreds of billions on the understanding that they would put it to work in the Irish property market.…

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