Willie O'Dea?, is this the best FF can do??

cork said:
An Bord Pleanala? Is there evidence that there was political influence on them?

The economic callapse was a result of many factors - banks, govt, public sector, social partners, local govt were all without blame.
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Guess that only leaves the private sector to blame so ! - you're with Bono on that one.
 
RainyDay said:
Assuming that you meant that all were NOT without blame, yes, I agree with you. And all of these were under the control of the FF-17-year-govt.
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How is the Dept Of Finance, Regulator or Central Bank under the control of anyone?

How is the ESRI under the control of anyone?
 
cork said:
How is the Dept Of Finance, Regulator or Central Bank under the control of anyone?
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Because the Govt writes the legislation, and sets out the chosen political philosophy - remember Charlie McCreevy's grá for 'light touch' regulation?

cork said:
How is the ESRI under the control of anyone?
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To the extent that it is largely Govt funded, it comes under Govt control. And anyway, when the Govt didn't like what the ESRI said about slowing down the economy, it ignored it;

http://www.youtube.com/watch?v=THWbrFy5NWM

Charlie McCreevy said he was 'not particularly worried' about the comments from ESRI that the chosen policy 'could end in tears' - perhaps because McCreevy knew that his own multiple pensions would see him comfortably through any bad times.
 
RainyDay said:
for 'light touch' regulation?
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So what regualation are you referring to?

Do you have any idea about the amount of people working in the Dept Of Finance, Regulator or Central Bank?

The advice to govt was the "soft landinging" sinario.

Sure, mistakes were made - but talk is pretty cheap in hindsight.

Getting back to Willie O Dea - He seems a good public representative.
 
cork said:
So what regualation are you referring to?

Do you have any idea about the amount of people working in the Dept Of Finance, Regulator or Central Bank?

The advice to govt was the "soft landinging" sinario.
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I'm referring to the explicit Govt policy of 'light touch' regulation. It doesn't matter how many people were working in Dept Finance, FR or CB, given that the legislation setting up FR by McCreevy gave them very limited powers and responsibilities.
cork said:
Getting back to Willie O Dea - He seems a good public representative.
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Great, that speaks volumes.
 
cork said:
As was the norn throughout the global financial world.

Hindsight is 20/20.
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You're joking, right? You don't think that Germany would allow their banks to do that kind of stuff at home? That's why they set up their offshore bases in the IFSC.

But no, Irish financial policy was not 'the norm thoughout the global financial world'. Charlie McCreevy's European peers got together in 2001 to give an unprecendent warning to Ireland about Irish financial policies;

http://www.rte.ie/news/2001/0212/12397-eu/

But of course, McCreevy knew better. Everyone was out of step except Charlie.
 
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