What’d you drag this puppy up for ? You reckon we’ve been playing snakes and ladders and found a snake or something ?
The thread ain’t called “Déjà vu?” for nuttin’
Rename it “Jamais vu”!
What I dont square about this is that it is obviously Quinn, but where does this fit with Dermot and JP being with the Dept Finance on the night of the gtee. Everyone hates Quinn, so they obviously had their own agendas.
That said, the scapegoat, Seanie, was really a scapegoat, as everyone around town know about his loans (and the Central Bank had criticised Anglo in relation to corporate governance issues to do with the transfers to IPL) months before he left.
We have to find out who owes money to Anglo. Whose are the loans?
It is about the borrowers, not the banks.
People working in NAMA and the Banks have to start leaking information. The resistance can only start there.
“Fergus Murphy of the EBS” specifically named ahead of omitted bankers from bigger banks. Is that what you’re referring to?
I don’t think the special advisors are really players, although, as it happens, Joe Lennon was govt press secretary under Ahern. I mean, they are involved insofar as it’s part of their jobs but we should probably ask more questions about the people who were milling around govt buildings when big decisions were being made; people who had no business being there other than to defend their empires. The likes of Desmond and ‘legendary’ philanthropist JP McManus
Did we ever complete the Golden Circle? I remember the Sunday Times naming four and then a fifth emerging, but do we know the rest? It seemed to be overtaken by other aspects of the crisis (at least in my mind).
As OW said, it’s time for some of the many people working in NAMA and the banks to anonymously share important information in the public interest. You will not lose your job. And you might just help minimise the depths to which we are about to be plunged by a corrupt cabal.
Given the line of work I am in, I have looked into these names (along with other names) to see if they had anything to be gained from the decision that evening and subsequently. I had at one time access to a fair bit of important information. I found nothing (apart of limited ownership of bank shares).
I actually asked why Mr. Desmond was where he was that evening. I directed this to department officials who were involved that night. The answer (which I believe) was that no one had a clue what was going on and advice was sought from everywhere. Say what you like about desmond but he’s a smart guy and his address book reads like the who’s who of the financial world. Given the standard of knowledge in the DoF, I’m not surprised they were asked their opinion.
The NAMA Bill lays out in detail the serious legal fallout for NAMA employees if they suddenly developer a conscience and become a whistle blower. Very serious sanctions. Odd that the Bill was very worried about NAMA employees keeping all the information they might uncover confidential but nary a word (apart from the standard boiler plate language regarding Revenue) about NAMA employees notifying the relevant law enforcement authorities about any shenanigans they might uncover.
Given the whole tone and tenor of the NAMA Bill if I were a NAMA employee I’d keep my mouth shut. There was some bits regarding notification of wrong doing uncovered put into the final draft of the Bill but without an effective compliance mechanism being spelled out it was just window dressing. The message is, rock the boat and we will hang you out to dry.
It seems who ever drafted the Bill did not think that it was important to uncover exactly how Anglo et al could lose 40B plus. And no one would have been in a better position to find out than a resolution trust like structure like NAMA. The Bill made it crystal clear, the purpose of NAMA is to bury the truth not uncover it.
100 employees spilling the beans. Perhaps even a walk out afterwards.
See how long the Government and said Bill would last. Legal means nothing in the face of critical revulsion.
Otherwise its our Children on the Menu.
NAMA or the Children?
I see Irish parents and their interaction with their children from time to time.
Generally it’s a poor standard of relationship. Children being generally forced to do what the parents tell them.
Based on parental attitudes in this country, my bet is on Nama winning! (unless it gets so big that it eventually wakes up the parents from their 15 year slumber in selfishness and self pity).
Is there something wrong with this?
Yes there can be, and often is, if the children are being forced to do something not in the general good of the development of the family, child or parent.
I should have been more clear in my responsive remarks, sorry about that.
An example of children being forced to do what their parents tell them that is not in their general good would be when children are told “shut-up”, “don’t be silly” and “don’t ask stupid questions” when the children are trying derive reason and direction for a way in the world.
Sounds a little too similar to how the Civil Service and their frontmen the politicians have been treating the Irish People for the last 15 years. Parents have almost made it shameful or troublesome in cases for children to ask questions. Year, Irish parents are brilliant!
This is a pretty good piece of work on the Golden circle.
Poker player aka junior member of Eye of Tiger elite group of 300 members - aka J P McManus ???
Given some of the events of the Banking Enquiry of the past few weeks, I thought I’d resurrect this thread for those that weren’t on the Pin then or didn’t live through the unrelenting ferment and the hive of conspiracies.
There’s a lot of good stuff within the ten pages, even if some of it has been overtaken by events in the past 6 years.
Are we any nearer to a real unravelling of the truth? Or will the conclusion offer another “Irish Truth”: partial, redacted, suffused with myth, and impermeable to logic?
5 years later, No change.
I still want to see the lists of everything. All the people who got loans and how much and what for, all the bondholders big and small, all the property being sold by NAMA we know nothing of and anything else I’ve forgotten because I’ve never known due the opacity that is this smug democratic-autocarcy. The great legacy of snakes and gold diggers. Let’s have it out in the open all the data you can muster boys and girls. It would fit on one USB key.
Until then the badness rots more the ignorant.