Seán Fitzpatrick steps down as Chairman of Anglo

Sorry. I was quoting the breaking news from the FR - it was not my opinion. I don't know if it was illegal or not - it probably was. It was definitely wrong.

Brendan
 
This is real test of the regulatory and political regime in this country. After the beef tribunal, some lowly official and a journalist were prosecuted.
After the DIRT investigation, it was business as usual.

Why do we accept this sort of response while carers are threatened with pay reductions, the elderly are struggling to get care with dignity, the psychiatric services remain under-resourced, our water services are periodically shown up, our export infrastructure for indigeneous business is weak and our telecommunications infrastructure is behind all our competitors. Mind you we have among the most and best paid and expensed politicians in Europe.
 
Wouldn't it be great if, for once, the people put in to check this out would be plain speaking in their report. No ambiguities or reference made to the zeitgeist. A crimnal act is a crimnal act whether one person is doing it or lots and lots of people. In the early stages of this whole scenario, each individual would have made a conscious decision to disregard the book, do a solo run and coin it. If they were under pressure from their immediate boss it does not make it legal. The fact that they were doing it for years should be no mitigation. Then, if all the bent bankers are sued and brought to justice, a total clear out of the old guard and a new dynamic installed we will win back the approval of investors. But it's got to be swift and ruthless. We are inquiry weary. The fact that bankers and not legal eagles are heading the inquiry might make this possible.
 
A chairman getting a loan from his own bank is not illegal. Why did Sean Fitzpatrick hide the loan if it is perfectly legitimate to have a loan?
 
Does Fitzpatrick not own a casino or two in vegas?

I think that all assets of these banking BIG WiGS should be frozen by CAB until such time that the true extent of the situation is known. He didnt earn that money...banking is all about the gamble (Im from 3 generations of stock brokers so I know!)...Maybe Ill ask the bank for a million or two to speculate on the Grand National.....
 
skatter said:
I think that all assets of these banking BIG WiGS should be frozen by CAB until such time that the true extent of the situation is known.
Click to expand...

Probably the best suggestion that has been mentioned yet. Even for the sake of the Public attitude, these blokes should have been handcuffed and marched out of the building and loaded into a Paddy wagon. A real therapy for the Greed disease.
 
There is no chance of that occurring.

If you read Billy Bunter you would know that chums look after chums !

What chance is there of approriately deep and wide disclosure when the new Chairman of Anglo is a former managing partner in the largest audit firm in the state.

Pillars of the establishment are unlikely to secure what the citizenry require and should justifiably expect at this level in society and the economy. They have a fair degree of interest in not disturbing many of the current assumptions regarding the conduct of business and is distributing the fruits of our endeavours.
 
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