Archive for the ‘Minister of finance’ Category
Ba –NAMA- Man a human sub species !found only in Ireland .
Thanks to www.thestory.ie who continues to do such fantastic work for the cause of Free information movement ,and went to the trouble to set these quotes from Brian Lenihan in a chronological order,all ready one gets the feeling that this guy (Lenihan) is making it up as he goes along,
I will try in the next few days to scour the various radio stations and see if I can dig up any interviews he made inbetween the quotes below.
If any of my readers has access to any other interviews please share them with us or send them to our colleagues at www.thestory.ie who have done such a good job exposing this chancer!
Quotes from Minister for Finance, Brian Lenihan
Posted: 02 Apr 2010 11:06 AM PDT
Below are a number of quotes from Minister Brian Lenihan which were reported in the media or said by him in the Dáil since the bank guarantee in September 2008.
Several of them are clearly contradicted by subsequent events*, of which some would be very recent. Others will probably be contradicted by events* to come.
Feel free to add your own in the comment box below or email them to mark[@]thestory[.]ie (remove the brackets). Please provide a link to cite your source. It’s worth keeping a log of these as events* continue.
“We are not rushing into the banks without knowing precisely what the position is in those banks” – Nov 20 2008
During the Stabilisation of Public Finances debate, Dáil Eireann
In the context of any capitalisation the due diligence exercise will yield further information to enable us to do a far more precise identification of risk before we formulate policy on it. I would be reluctant to commit the taxpayer on any issue connected with risk without a full and definitive assessment of the risk in the institutions themselves and we must await this assessment. – Feb 5 2009
Following the publication of Anglo Irish Bank’s 2009 results. Minister Lenihan said he welcomed the increased scrutiny of Anglo as an opportunity to bring openness to the bank…
“which will ultimately allow us to draw a line under past activities”. “It is an opportunity for Anglo to employ a fully transparent approach to addressing the inappropriate activities that took place at the bank and provide comprehensive details to all stakeholders who deal with Anglo and who deal with Irish financial institutions generally.” – Irish Independent, Feb 21 2009
When challenged as to why he was not nationalising banks (at this time the State had already nationalised Anglo Irish Bank and taken a 25 per cent stake in Bank of Ireland and AIB).
“I do really want to scotch the idea that there are huge risks to the taxpayer in the valuation process because we are not nationalising these institutions.” – Irish Times, May 18 2009
follow link for article at http://thestory.ie/2010/04/02/quotes-from-minister-for-finance-brian-lenihan/
Opposition parties have sought an assurance from the Government that other banks will not follow the lead of Permanent TSB if it puts up its variable mortgage interest rates.
Finance Minister Brian Lenihan said that no Minister for Finance since the foundation of the State had come into the Dáil and announced what mortgage interest rates would be.
He also pointed out that Permanent TSB had not applied to come under NAMA, nor had it sought any recapitalisation from the State.
Mr Lenihan added that Permanent TSB had paid for the benefit of the State
and said the bank was in a difficult situation with historically low interest rates.
Lenihan again, cops out!
Has he forgotten that is the Governments guarantees ,that keeps this corrupt financial Toxic Bank Afloat?
All he has to do is make a phone call, but for 70 thousand family’s,
The sad news is,
You’re not worth it!