The Irish Nationwide thread


#461

Ex-Irish Nationwide staff give witness statements in reckless loans inquiry - Simon Carswell -> irishtimes.com/newspaper/fin … 97651.html

Top banker puts himself first in queue for repayment - Donal O’Donovan -> independent.ie/business/iris … 01659.html


#462

Services firm Certus hired to collect former Irish Nationwide mortgage debt - Simon Carswell -> irishtimes.com/newspaper/fin … 60543.html


#463

Oops! Hogan lost €100k on ‘fire sale’ of D4 home to Fine Gael’s Chief Whip - Warren Swords -> dailymail.co.uk/news/article … -Whip.html


#464

this should be split into a different thread on the conflict of interest around Mr Hogan

who is going to make up this shortfall.


#465

I’m afraid Mr. Hogan is already minister. The talent and morality shortfall is embedded in the system.


#466

but it doesn’t have to be. revolutions have happened before.


#467

Fingleton inquiry must try to get inside inner circle - if possible - Simon Carswell -> irishtimes.com/newspaper/fin … 37616.html


#468

Socialite plans action against Nationwide over €2m loan - Tom Lyons -> independent.ie/business/iris … 12078.html


#469

Former Irish Nationwide manager Brendan Beggan loses dismissal claim -> rte.ie/news/2013/0130/365353 … eggan-eat/


#470

a few more stories emerging on how Fingers expenses were racked up
independent.ie/irish-news/li … 60269.html

"Expenses incurred by Mr Fingleton included the Dorchester Hotel bill; €14,700 on two dozen bottles of wine; €6,000 for an antique fruit basket as a wedding gift for a developer’s daughter; €25,000 for 72 bottles of Cristal champagne; and six rugby season tickets at a cost of €6,600, which he asked the IRFU to send to his home address just prior to his resignation. "

the more you have, the more you want


#471

rte.ie/player/ie/show/10109615/

21 days remaining
Duration: 52mins

#472

Swish Fingers spent €6k on fruit basket -> thesun.ie/irishsol/homepage/ … asket.html

Irish Nationwide management structure was ‘highly unusual’ - report -> rte.ie/news/business/2013/02 … de-report/

Liquidators to pursue Fingleton for €1m bonus and €70,000 perks -> independent.ie/irish-news/li … 60269.html


#473

On last nights show, there was one lines that Tom Lyons said that the biggest borrowers from Irish Nationwide would insulate themselves from the risk of the downside because they were borrowing from a ‘society’. the RBS managed to get paid first on a bankruptcy.

I have no idea how this could be unless Fingers was lending vast sums to be 2nd or third down the pecking order in a bankruptcy.


#474

Yes, this is exactly how - the recourse was only to the project. No pledged assets, no personal guarantees. A fucking shambles.

The reason there is not much being said is because what’s to say? Excellent program, properly balanced (there is no counterstory), but not news to any on here. INBS looted from within? You don’t say.


#475

Agreed.

Concise, balanced, insightful. Little new info for the average pinster. But a great show for those puzzled about the banking losses we’ve been saddled with.


#476

One patsy keeps cropping up again and again. A fat man with a fondness for the gargle…


#477

The big ignorant fucker from Offaly?


#478

Nice bit of Devo sneaked into the soundtrack too. Someone in post-production has very good taste 8DD

Disapointed not to hear some more analysis re: AGMs and if there was any kind of dissent from the floor at the same from ordinary members/shareholders- did NOBODY dare speak out? Surely there had to have been one or two lonely loonies crying ‘stop the madness’ :neutral_face:


#479

The members had other things on their minds.

askaboutmoney.com/showthread.php?t=26169


#480

Ah yes the carpet baggers. One has to wonder why Landsbanki got cold feet, did even they baulk at the lack of documentation?