Fair play to Peter, he put on a great show last night on Vincenzo (‘fingers fingleton is a nice man and one of my friends so dont disparage him on my show’) Browne last night. Erudite, informed, calm, reasoned and the guy from Davy didnt even bother challenging him cos he know Peter Matthews was right
I’d say it will be a good evening in the RDS and well worth 10 euro.
20 Years expereince recovering bad property loans, eh, jaysus how time flies, the crash only feels like 3 years old but your man has been recovering bad loans for 20.
They’re not brothers - they’re not related at all. HSE man is from Sligo, Anglo is a Dub. And, frankly, I can’t see how anybody thinks their performance is comparable: David is a compete and total cowboy and has cost the state a god damn fortune. I’ve met David numerous times, the first time was nine years ago and suspected as much (cowboy) then… though I was already a bit of a property bear so we were never going to see eye to eye. I couldn’t understand how he got the top-job until it would later make perfect sense. Another time we met, v. soon after he got the CEO position, I told him he should “run, not walk to HSBC” and sell to them. The day they were nationalised I posted him a letter quoting the builders saying “this is our bank, we’ll screw the hedge funds etc.” and wished him the best (yes classless in retrospect but that bank screwed us around business-wise so… all’s fair in love and trading!).
A very good broadcast, and a very clear explanation of the situation by Mathews.
But Mary Wilson didn’t seem comfortable with him at all.
Maybe she’s only been trained to deal with evasiveness, ducking, diving and spinning, and can’t cope well with an interviewee who tells it straight up, calmly, and honestly.
He is the only one that I have listened to that talks any kind on sense in relation to NAMA, which is destined to lose the taxpayer up to €20 billion. 80% of all the developers will be bankrupted, the banks will repay their higher cost debts and the people and the government are fucked - as the October tax returns will confirm.
Reporters talk in sound bites trying to sound intelligent and like they know what they are talking about. Nobody that has interviewed Peter Mathews is on his intellectual level or has given him the time to respond fully. They just talk from their notes and don’t listen. He must find it very frustrating. The main problem is that he arrived too late - the NAMA train has already left the station.
+1 I heard part of an interview he did on the radio during the week and the presenter didnt have a clue and was so bad as to interupt him mid answer to move onto another topic so she was either stupid or he was too close to the truth or possibly both.
Matthews was on the TV on primetime a couple of times over the summer. He has been working with the economists very closely on the numbers. See for example the work he has done with Gurdgiev and Lucey. AFAIK he is a naturally shy chap who has only recently decided that this is so monsterous as to require him to come out of his shell, and good for him