We in this country have a long history of rewarding people who have failed in their jobs to do what they were hired to do
The political system here is riddled with examples
Our political elite have never being made to account for their mistakes and the most depressing fact is that it doesn’t matter what side of the Dail you look at every political party has their examples
So it should be no surprise to see this example to be emulated right throughout the Banking industry and it is rife in the civil service
The latest example it the X financial regulator having spectacularly failed in his duty to his office, he walks away with a golden handshake and will get by with his 140,000.00 euro pension
This is just one civil servant
Now let’s not forget our Banker Buddies I am depressed enough so I won’t even quote the figures, but you know that they are a multiple of the previous figures
All of these people are guilty of treason and they get handsome payments instead of jail time
Mr. Bertie Ahern is another example of catrostrofic failure to do his job ,he too rides of into the sunset waving so you suckers !!!
So now you have it all of the above have failed to do the honorable thing so it will come down to us the people to kick them all out and please don’t Reward Failure when we do !
“There is a problem in all small countries with too many incestuous relationships,” Lenihan said. “We have decided to establish a central bank commission which will have comprehensive regulatory as well as monitoring powers, and will have the power to direct restrictions on lending.” I thought the Central bank had these powers allready ? You need to get rid of your friends in the bank first Mr Lenihan!
These incestuous relationships are common place all over the Country!
Take a look at the Dail make up, look at how many brothers and sisters are in the Dail
Look at RTE the same old people helping to get their own in to these lucrative jobs. What about the TD s employing aunt’s uncle’s brothers and sister’s .public jobs are only given to people in the know!
Look at the civil service full of brothers and sisters cousins all working within the same departments!
Ministers giving their spouses top directorships in state bodies
“Incestuous relationships” in the name of the Game Mr Lenihan!
And well you know it Mr. Lenihan!
Ordinary people just don’t get a look in Mr. Lenihan
Lets face it if you’re in the golden circle; you have a job for life
So go back to your friends and have a laugh! and step up to the RTE
And come out with some more of your conclusions which make you feel your being decisive.
Meanwhile the international fund managers avoid the Irish Bank shares like the plague!
I wonder if I could get a job in the National Museumas a security guard. Beaaaaaaaaa I don’t know anybody who could pull a few strings for me there! I am not related to anybody employed in there!
How many of your relations are getting paid from the public purse Mr.Lenihan ?
Honest Brian Cowen signaled at the Fianna Fail Ard Fheis that After 10 years in the job and never found anything wrong with it, “it was time to radical reform the financial regulatory system”. But after months of procrastination, it doesn’t bode well for the hard pressed people of Ireland with the €500,000 cap on senior bank executives’ salaries, as his most recent solution to the crises this looks like one big joke. Nothing about getting heads to roll, the same rotten apples are in the barrel Brian! So you will leave the crooks run the same Banks then?? This is the kind of tripe this person who was the Finance Minister during the time the Banks went wild is now dishing out to us, trying to place himself as the savior of the financial system. You can bet he won’t see his friends short!! 500,000 its outrageous!!!!!!!!!!!!!!!!!!! Twice the pay of the American president! The Government is dragging its heels on another issue, and it is their own pay and benefits, it has taken a German MP to bring this out in to the press. Herr Hans Joachim Fuchtel was amazed to find out that while he gets paid €92,000 to represent 280,000 people in Germany, our TDs get more than €100,000 each to represent 25,000 people, plus more expenses and not having to produce any real recipes for same This is what is infuriating the public, who are being hit with a combination of pension levies, pay cuts and job losses. Mr. Lenihan is Not the man for the job nor do I see any other current TD capable of taking on the job of cleaning up Dail Dodge Dodgy City in the county of Leinster House we need a entirely new class of people and not musical chairs for the same docile leaches that are currently infesting that House
Just my humbel openion !
A taste of things to come!
I have taken a few days “off” from this Blog as my laptop has crashed and out of 3 such laptops all of them now have some problem or other I seem to be able to get no more that 2 years out of them. That in spite of all the various virus protection software I have paid for none of them seem to really do the trick.
Well meantime back at the ranch all is not well and the spin machine is working overtime sending out various kites on possible tax increases to come !
While the talk on the Banks has calmed down thanks to the renewal of IRA activity
in the north,this has helped take the heat off the current Government and of course the exodus to foreign shores, ensures that noboddy is around to answer questions.
The leaches in the Dail can take and expect a breather for the moment !
But have no fear our problems are still here and the gobshites in Lenster House are still in charge and are frantically looking around to divert our attention from the mess they are responsible for!
With the proposed cap of 500k on Bank directors salaries Mr. Lenihan thinks he will get some Brownie points from the down trodden irish public.
Wake up Mr. Lenihan this is just tinkering around the edges a 50 % deduction from this level is still too much!
You and your band of misfits must resign!! And face the people of Ireland for your incompetence, your protection of your friends in the various Banks and your deceit of the Irish people you are supposed to be working for!
The people are calling for Justice and you will do well not to ignore them!!
You and your band of misfits in the Dail, have lost all touch with the common people
And there is real anger amongst us; it won’t take too much to ignite the spark!!!
We as a people cannot allow the wholesale murder to come back to our streets either in the north or south of Ireland and the actions of the mindless monsters is to be condemned ,there begs the question though !!
Is it just a coincidence that no sooner the Cab raid Anglo Irish Bank ,this Fraudulent Bank we have a resumption of murders in Northern Ireland ,Having being active in the Markets for a while I have often heard that there was a connection and this is why the international investor community have abandoned with all hast this mafia Bank
Maybe we are seeing a warning from the boys in green that they don’t want the Government to do any more probing or even stop the investigations
we the people have a right to know what our taxes and being used for and until this and other possible terrorist connections are investigated with this Bank there will be no international funds made available to the other Banks
This is what I am hearing from collugues that are working in the international money markets !!
Name the Golden Circle
Police in London,
are looking for an Irish conman, trying to flog shares in Non existing Banks watch out !
Check out this link http://www.youtube.com/v/BzN0Js0tKZ4&hl=en&fs=1
Again listening this Sunday morning to the Marian Finucane radio show !,
I got to here some of our so called well informed personalities proceeded to tell the nation what their understanding and their solutions to our current financial and economic meltdown .Needless to say, there was nothing new and it just confirmed to me that the people that the Government are paying for advice, have no idea what there are on about .So I sent again an e-mail trying to get some response to the questions I was asking outside the Dail last week .There seems to be a concerted effort by the vested intensest to avoid any discussion on what is the core problem in all the financial institutions here and abroad .By ignoring this problem we will never get to know to what extent the various Bank Directors and their political monkeys were involved in destroying the economic viability of our state ,and thus escape the just vengeance of the defrauded people of Ireland
“Penniless, pension less, and the prospect of staying in a rundown state run nursing home”
Please tell your panel of experts,
that many thousands of ordinary people are already in this situation
This panel should get real, events might not have quite caught up with them yet, but wait for a few more months and they will be brought down to the same earth as the rest of us !
Our Political leaders here have no idea what Derivatives are and so it seems your panel .
Because of this ignorance We are doomed to just wait and see how things pan out We may already have lost our Financial and economic independence and may just hold on to a nominal form of Irish identity instead.
Current estimates of the derivatives exposure is approximately $700 trillion Worldwide and it’s time we found out how much of it really weighs on the Irish economy.
Considering that the entire U.S. economy gross domestic product stands at $14.2 trillion. That’s a lot of money!!Derivative contracts total about three-quarters of a quadrillion dollars, according to the Bank for International Settlements.. Including the Irish financial markets . Claiming that we are not involved or somehow different is just living in cloud cookie land as some of your panel seems to be doing!
The Derivative contracts exposures and the bond market exposure s are being ignored by your panel and the figures that they are talking about are just wishful thinking . But valuing them correctly is exactly what we should be doing because these are the cause of the current financial markets Meltdown and of the economies of the world .Compare any of these to the derivatives market and you can easily see that we are just closing the windows as a tsunami crashes to shore. The total value of all the stock markets in the world amounts to less than $50 trillion, according to the World Federation of Exchanges.
The suggestion that we are short just a mere 25- 35 Billion is laughable given that is less than the two main Banks AIB and Bank Of Ireland Lost in their value in just the last year alone
As long as these so called self appointed experts and for their own self interests, have a open access to programs like yours (Marian) we will never get to the route of all of our financial woes .
Thomas Clarke www.machholz.wordpress.com
and the” queues grow strong and the queues grow strong “” to the beat goes on and the beat goes on
This was an e-mail I sent to the Marians show as she was interviewing a banker a Mr Mark Duffy.
This bank person of course wants to put all this behind us but I have lost my Job ,My Pension, my bank shares and my Home is now worth less that 50 % what it was worth just last year !
I don’t qualify to get the dole because of the cash savings I have in the Bank .
At 53 I have no real prospect in getting a job anytime soon and my savings will flutter away in the next 10 to 12 months
How am I going to feed my two kids and pay my mortgage ??
If it were up to me He would be going to Jail , not into the sunset waving goodbye to us suckers .We want our pound of flesh and we want Blood .
Well I see that Mr. Dermot Gallagher is the new chairman of the Garda Siochana Ombudsman Commission (GSOC) and he has agreed to take a €153,000 pay cut. Well done!! Well maybe!!!
He will receive €90,000 instead of the usual payment of €243,000 for the position.
But did you know that our friend had already received an estimated €400,000 gratuity of one-and-a-half years’ salary on retiring as secretary general in the Department of Foreign Affairs and under pension abatement rules his new salary plus his pension entitlements cannot go above the amount he was paid before he left the department — an estimated salary of €253,000.
Well now how does that grab you???
Well talking about looking after your own, cronyism is alive and well even in these times of depression for us, whom will have the pleasure of paying for this example of jobs for the boys and perks perks and more preks .Keep them comming !
OH by the way did you also know that there are nearly 91,000 retired civil and public servants in receipt of state pensions, which were specifically exempted from the pensions levy announced last week. Some of the pensions paid are in excess of €70,000 annually.
I thought I might tell you this too in case you weren’t feeling screwed enough!!!!
I have come to the conclusion that the real problem in the financial markets is not being addresses.
Our Political leaders here have no idea what Derivatives are and we are doomed to just wait and see how things pan out We may already have lost our Financial and economic independence and may just hold on to a nominal form of Irish identify .
Current estimates of the derivatives exposure is approximately $700 trillion and it’s time we found out how much it really weighs on the economy.
Considering that the entire U.S. economy gross domestic product stands at $14.2 trillion. That’s a lot of money!!Derivative contracts total about three-quarters of a quadrillion dollars, according to the Bank for International Settlements. No one really can say how much they are worth. But valuing them correctly is exactly what we should be doing because these are the cause of the current financial markets Meltdown and of the economies of the world .Compare any of these to the derivatives market and you can easily see that we are just closing the windows as a tsunami crashes to shore. The total value of all the stock markets in the world amounts to less than $50 trillion, according to the World Federation of Exchanges.
In a recent article I read in the Irish times our true situation was summed up nicely
All of the Politicians in the dail should be made read this and the social partners before they start coming up with their proposals for the upcoming budget
We the People are getting angry and it won’t take much to set off a spark!!!
For further information follow this link to view that article. copy and paste http://wiseupjournal.com/?p=780
I wonder what new developments will arise over the weekend
Have a good weekend.