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What do you know, tell us!
Anglo-What else is to come out
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What do you know, tell us!
papervalue
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Update- It nows turn out that Brian Lenihan did not read the full report he was given into Anglo.
I stand to be corrected but i dont think brian cowen had a copy of report either.
You would think even if you did not read report, surely a meeting took place to full inform Brian Cowen and Brian Lenihan of all the problems.
It looks like a decision was made with only part of the facts- They were missing a fair bit of information? Beyond belief.
The money lodged was treated as a customer deposit and not inter bank loan- No matter what way you look at it it was premediated.
Now time to repalce the whole upper tier of Anglo and the whole upper tier of financil regulator office.
Maybe it is also time to reshape the department of finance and get in fresh blood from private sector.
It is nearly at the stage where they will have to create a toxic bank to take in the bad debt element.
Some kind of deal will have to be done to get banks back lending to small companies.
The last person not to read a report was Michael Martin and nursing home fees, also had lisbon.
What's point of giving them a report if they are not going to read it?
I stand to be corrected but i dont think brian cowen had a copy of report either.
You would think even if you did not read report, surely a meeting took place to full inform Brian Cowen and Brian Lenihan of all the problems.
It looks like a decision was made with only part of the facts- They were missing a fair bit of information? Beyond belief.
The money lodged was treated as a customer deposit and not inter bank loan- No matter what way you look at it it was premediated.
Now time to repalce the whole upper tier of Anglo and the whole upper tier of financil regulator office.
Maybe it is also time to reshape the department of finance and get in fresh blood from private sector.
It is nearly at the stage where they will have to create a toxic bank to take in the bad debt element.
Some kind of deal will have to be done to get banks back lending to small companies.
The last person not to read a report was Michael Martin and nursing home fees, also had lisbon.
What's point of giving them a report if they are not going to read it?
M
mercman
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We are fast getting to a stage where the entire Civil Service will have to be replaced. What a joke ???
M
mercman
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And there's more, don't worry. In fact the best is yet to come.
C'mon mercman, you can't be such a tease! Spill it!
papervalue
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I am doing the Job- Quote by Brian Lenihan on Morning Ireland
Interested to see Job Spec for Finance Minister.
Seems you do not have to read full reports.
The most essential report he probaly had in years.
I wonder how many more reports are in govertment departments not yet read by ministers. imagine the cost of these reports.
I would suggest that every single report the minister receives is put up on a dedicated website within seven days. ( at least them it would be transparent)
I think it is now time for Brian Lenihan to consider his position as facts he should have been aware of was not paased on to cabinet or opposition.
I think if this was fully in public domain and time of anglo going nationalised, I think the bank would have been wound up.
Interested to see Job Spec for Finance Minister.
Seems you do not have to read full reports.
The most essential report he probaly had in years.
I wonder how many more reports are in govertment departments not yet read by ministers. imagine the cost of these reports.
I would suggest that every single report the minister receives is put up on a dedicated website within seven days. ( at least them it would be transparent)
I think it is now time for Brian Lenihan to consider his position as facts he should have been aware of was not paased on to cabinet or opposition.
I think if this was fully in public domain and time of anglo going nationalised, I think the bank would have been wound up.
You may be right. This is a quote from rte.e this morning.
"Mr Lenihan also said further information about Anglo Irish Bank will emerge in the coming weeks when a report into its dealings is published."
M
mercman
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And believe me they are outstanding revelations. I just hope that the entire comes out in the Public Domain. once and for all.
And Lenihan expects the international markets to invest in Irish banks with that nugget of information left hanging in the air! Shambolic.
I am so annoyed by the whole thing that I just deleted a long post I was writing.Anyway, the bank shares are heading in there usual direction this morning, so the market has spoken.
[broken link removed]
Officials have to point things out to him otherwise he won't read it??
As ministier for finance he was reading a report about a bank that was going down the swanee. It's not something that happens everyday.
And he couldn't read a 120 page report?
What ever the emotion beyond anger is, I am there
As ministier for finance he was reading a report about a bank that was going down the swanee. It's not something that happens everyday.
And he couldn't read a 120 page report?
What ever the emotion beyond anger is, I am there
Officials have to point things out to him otherwise he won't read it??
As ministier for finance he was reading a report about a bank that was going down the swanee. It's not something that happens everyday.
And he couldn't read a 120 page report?
What ever the emotion beyond anger is, I am there
I absolutly aggree he should have read the report. I just find it bizarre this casual attitude that something that was serious enough to be brought to the attention of the regulator was not at least discussed on some level with the minister.
I heard someone suggest on the radio this morning that the reason why he has said he did not read all the report is because there is more to come out and wants to take the line that he didn't know about it.
Mercman could be right.
M
mercman
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Mercman is right. I was talking with someone working in the City in London a few minutes ago, and what is being portrayed over there is the amount of lies, deceipt and dishonesty which the Irish Banks have embarked upon. The time has come for Brain Cowen to kick Ass and show who is running the country instead of the 'lunatics running the asylum'.
M
mercman
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100% agree. But with the lies etc. already dispelled, who would believe anything that was told now.
Has anyone considered that what happened, while it may appear unethical or morally dubious, may not actually contravene any law or regulation?
IL&P may have been 'sailing close to the wind' as they say, but they did make a vague statement that implied the FR may have known about the transaction - or perhaps more pertinently - was he advised of only the minimum detail required by guidelines etc perhaps?
They may have very little to actually answer for.
IL&P may have been 'sailing close to the wind' as they say, but they did make a vague statement that implied the FR may have known about the transaction - or perhaps more pertinently - was he advised of only the minimum detail required by guidelines etc perhaps?
They may have very little to actually answer for.
M
mercman
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Caveat, they have an awful lot to answer to. These persons were entrusted to look after customers money. Simple as that. Across the board they have undertaken reckless behaviour, and got a big fat pay cheque for it. All we're short of in this country is arming these people with automatic Handguns.
A new word for criminals -- BANKERS
A new word for criminals -- BANKERS
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