[quote=“artfoley, post: 792192, member: 179”]why havent these cunts been dragged from their beds and been summarily executed and their corpses left hanging outside leinster house to remind the cunts in there whats coming to them ?
:mad::mad:[/quote]
Well that would be murder Art, which as Mac pointed out is illegal. Perhaps if America invaded us, then such measures would become common, but in the absence of huge oil reserves, this is unlikely.
Reinforcing the opinion behind not trusting a lawyer
oh come on fitzy, its not murder; it’s a cleansing of the gene pool and also a lesson to the elite, a public service if you will
Eh, no, I think it would be murder. You should study law Art, you seem to have a passing interest in it and you could get a job out of it.
nah, justifiable homicide. and besides, in this situation, i’m more about the natural justice than i am the law
I haven’t been following this story that much but are we meant to be outraged or something about David Drumm singing Deutschland Uber Alles as a joke in a private telephone call? Because that’s what everybody seems to be focussing on.
The first tape with the converstaion between Fitzgerald and Bowe is far more incriminating, surely, as it shows clear intent to deceive the government, in the knowledge that Anglo’s balance sheet was in a far worse state than was officially let on? That’s fraud, surely?
[quote=“Sidney, post: 792742, member: 183”]I haven’t been following this story that much but are we meant to be outraged or something about David Drumm singing Deutschland Uber Alles as a joke in a private telephone call? Because that’s what everybody seems to be focussing on.
The first tape with the converstaion between Fitzgerald and Bowe is far more incriminating, surely, as it shows clear intent to deceive the government, in the knowledge that Anglo’s balance sheet was in a far worse state than was officially let on? That’s fraud, surely?[/quote]
What you must remember is after the bailout was put in place, the fact that you could go to an ATM and withdraw your cash was down to ze Germans and to take the piss out of them such as “Drummer” did is not on. As a member of Merkels party said today on the news @ 1, you don’t bite the hand that feeds you.
It was a private telephone call. He didn’t invade the pitch at the all-German Champions League final dressed as Hitler and marching like Basil Fawlty.
Cant be arsed checking if this has already been posted, no harm if its in twice, the cunts
John Bowe was head of capital markets in Anglo and acting director of treasury at the time the phone call with Fitzgerald was recorded.
Later he would become director of corporate development for the Irish Bank Resolution Corporation (IBRC), as it became, from March 2010 to 2012.
Since his departure last year, Bowe has gone on to found his consultancy firm Independent Consultant which works with accountancy practices on client engagement in both the leisure and healthcare sectors.
Like his colleague Peter Fitzgerald, Bowe had been retained in the IBRC after it was bailed out by the State.
According to his business profile on the LinkedIn site, Bowe is described as having experience at a senior level in banking and in corporate restructuring and, tellingly, cites his “excellent commercial, analytical, team building and crisis management skills”.
As director of treasury at Anglo Irish Bank – he held an acting role at the time the recordings were made – Bowe’s description says he “provided leadership of the division through a period of acute stress, working with key stakeholders, staff and the management team to ensure stability and direction”.
It was at this stage that he led the first Liability Management Exercise (LME) of the Irish banks and other important balance sheet management and funding initiatives.
His profile also points out that in his role as head of capital markets he oversaw a bank that became “one of the most active issuers in the debt markets”.
“The bank was also an active and innovative issuer of capital and John also established and led a best-in-class debt investor relations platform,” it says.
He lists his educational background as including the Catholic University[/URL] School and [URL=‘http://www.irishtimes.com/search/search-7.1213540’]Dublin City University (DCU) where, between 1982 and 1986, he studied accounting and finance.
Peter Fitzgerald
At the time of the recorded discussion Peter Fitzgerald was head of retail banking at Anglo Irish Bank and was responsible for activity in that area across Ireland, the UK and in offshore markets.
Later, as the bank was converted into the Irish Bank Resolution Corporation (IBRC), he became head of corporate affairs, a largely PR role helping to promote its reformation.
In particular, according to his LinkedIn profile, Fitzgerald oversaw “extensive media relations, public relations, public affairs and internal communications during a period of extensive restructuring and change”.
He was in charge of providing factual information to stakeholders and of influencing “the issues which could impact the organisation’s ability to operate successfully in the public interest”.
As alluded to in his response to the taped conversation, he was not a member of the executive management board and was not involved in negotiations with the Central Bank.
Before 2008 he had held the roles of director of retail and business banking and head of corporate treasury.
In the latter role, which he occupied from 1998 to 2002, he said he developed an extensive portfolio of clients for the bank involved in foreign exchange and derivative products.
These days, Fitzgerald is interim chief executive of the Addiction Councillors of Ireland group, a role he says includes responsibility for strategic planning and communications.
“The Addiction Counsellors of Ireland is a professional accrediting body that develops, monitors and maintains best practice for its members who counsel in the specific field of addiction,” he says on his profile.
“I am responsible for the management and development of the organisation together with the design and implementation of its strategic communications and public relations plans.”
A trained chartered accountant, he lists the European Institute of Communications, where he studied PR and marketing, as well as the Presentation Brothers College in Cork among his past education.
I’d say Anglo was just a dick measuring contest. Each guy trying to be a harder and flashier man than the next.
It’s become ever more apparent that the Central Bank, Regulators & Government were absolutely clueless to the reality of the situation.
In fairness to the Anglo lads their priority was saving the bank (and rightly so), it was up to the Regulator etc. to protect the state.
[quote=“Julio Geordio, post: 792841, member: 332”]It’s become ever more apparent that the Central Bank, Regulators & Government were absolutely clueless to the reality of the situation.
In fairness to the Anglo lads their priority was saving the bank (and rightly so), it was up to the Regulator etc. to protect the state.[/quote]
Why rightly so?
Presumably their primary duty was to their shareholders, as long as they acted within the law.
[quote=“Julio Geordio, post: 792841, member: 332”]It’s become ever more apparent that the Central Bank, Regulators & Government were absolutely clueless to the reality of the situation.
In fairness to the Anglo lads their priority was saving the bank (and rightly so), it was up to the Regulator etc. to protect the state.[/quote]
Sure they knew it couldn’t be saved all they were interested in was being tough men
Mostly due to the inspired ‘light touch regulation’ Policy which bertie, charlie mccreevy, biffo and lenihan championed and implemented.
To be honest, even if there was a tough independent regulator (which neither the central bank or Dept of Finance wanted) and he had gone in hard on the banks, there would have been significant political pressure for him to back down and let the party continue.
This can be clearly seen from the reaction when the regulator belatedly went into Quinn in 2010. Despite the fact that the country had just gone into bailout, the political reaction still ranged from outright hostility to the regulators actions through to biting their tongues because of the context. The local public reaction up there is something similar to what would have happened nationally if the regulator had gone in hard in Anglo in say 2005.
Their duty was to their Shareholders, Depositors and Bondholders not the state.
Not to mention they were trying to keep themselves in jobs.
And Joan Burton for what it’s worth, she was on the committee that recommended the implementation of this light touch regulation
This is the problem even though FF were in power and pushing this light touch the other main parties FG and Labour were up to their necks in it as well.
Today’s tapes are funny with the language they use “we will meet a 10am for a pep talk before heading down to the central back”, “Drummer, saying give me the moolah” or “we will go in with arms swinging”. I wonder if there are tapes on AIB and BOI as well, I’d love to see that cunt Boucher get his come uppence.
[quote=“Julio Geordio, post: 792856, member: 332”]Their duty was to their Shareholders, Depositors and Bondholders not the state.
Not to mention they were trying to keep themselves in jobs.[/quote]
The needs of the many outweigh the needs of the few Julio Geordio.
How much state money was sunk into that black hole? billions.
It was obtained fraudulently by the fuckers. Burn the state as you want to stay in a job, see the bigger picture you cunts.
treasonabale offences if we still had such a thing, I wonder are there any provision in the offences against the state act regarding fraud on the state…