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Archive for the ‘NTMA’ Category

Kenny prancing around the K-Club

 

The significance of Ronald Quinlan’s revelation today that Fine Gael sought and accepted a sum of money from a property developer — and not just any property developer — should not be underestimated.
O’Flynn Construction is one of the country’s most- indebted construction firms. The taxpayer has recently financed the transfer to Nama of those debts, estimated at around €1bn.
Michael O’Flynn, the chairman and managing director of O’Flynn Construction, on Wednesday last swung his Mercedes S350 executive saloon into the K Club to play a round of golf with the man who regards himself to be the Taoiseach-in-waiting.
Mr O’Flynn sanctioned his firm’s payment of €1,500 for the honour of teeing off just behind the leader of Fine Gael, Enda Kenny, and his most loyal lieutenant, Phil Hogan
He also sanctioned the payment of an undisclosed sum, possibly another €1,500 — maybe more, maybe less — to sponsor the famous 18th hole at the K Club, a club which is itself partly owned by Gerry Gannon, also of Nama fame, who is one of the so-called Anglo Golden Circle.

And so on and on it goes, full story at source
http://www.independent.ie/national-news/fg-taps-nama-10-developer-for-money-2263297.html

Comment:

I am disappointed to hear that Fine Gael’s Enda Kenny (self styled Taoiseach in waiting) did not have better judgement and for my money (the little I still have left ) I will bet that he most certainly will not be the next Taoiseach.
Nor does he deserve to be! with such display of total disconnect from the general public!
Displaying this total detachment for the feelings of the ordinary people who are struggling to pay their continuously rising household bills and  green party new taxes
Enda Kenny has made a major miscalculation here; prancing around the K-Club the taxpayers of this country will not forgive this making out with the golden circle boys from Anglo Irish Bank !
The last thing this so called Taoiseach in waiting needed was to be photographed with members of the golden Anglo Irish circle
How can anybody now believe that this man or his party will make the developers pay their debts to Anglo Irish Bank, now owned by the hard pressed taxpayers of this country?
Mr. Kenny I predict you will not be the next Taoiseach of this country and you might not even be in the Dail after the next general election
What a shame too!
The perception now of the ordinary people of Ireland is that Fine Gael has little or no difference in policies with Fianna Fail, with regards to NAMA or the Developers who ripped off all those now and for the foreseeable future will wallow in negative equity.
Enda Kenny’s golf outing at the K-Club has only encouraged the belief he is just as chummy as Lenihan and Cowen with the brazen developers and bankers who have destroyed our country and have made us servants of the international bond pushers
What dimwit is advising this man?

I call upon the Fine Gael and Enda Kenny to send back the donations made by this Developer and to commit no to take any donations from any other Developers involved with NAMA

please singe petition on facebook here

Preliminary Report Into Ireland’s Banking Crisis 31 May 2010

After reading the Preliminary Report into Ireland’s Banking Crisis one can only come to the conclusion that Cowen and Lenihan are Guilty of “Gross Incompetence and Dereliction of Duty”
And should resign immediately and be brought before the courts
on charges of economic treason !

Preliminary Report Into Ireland’s Banking Crisis 31 May 2010

Ba –NAMA- Man a human sub species! Found only in Ireland

 

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.

Irish Times…

“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/

Pirates Of The ‘Carry-On-Regardless’

Posted by jayfromeire on Mar 25th, 2010 and filed under Economic Crisis, International. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry from your site


William K. Black wrote a book in 2005 titled “The Best Way to Rob a Bank is to Own One” where he outlined the fraud and corruption at the highest levels of international banking.                   

What we are seeing now in the light of massive bonuses, involving billions of Euro, Dollars and Pounds, being handed out to executives and lower level employees, is simply the same culture of fraud and corruption which has seeped down to the lower levels of an industry which has utterly disregarded any pretence of moral conscience.       

           
 

This industry has deliberately plunged the world and the majority of ordinary people into a period of extreme doubts and anxieties over the future of themselves, their children and future generations.        

The climate of greed in this industry has undeniably never changed. Whilst the international bankers have absconded with the wealth of nations, their cronies in subsidiary banks, where ordinary people’s financial security is crucial, are now doing the same. These lower level parasites continue to coerce governments into passing legislation, in Ireland’s case, NAMA – (Never Any Money Again).                   

This is happening across the developed world and allows governments, without the consent of its citizens, to literally tax working people to pay for the illegal and corrupt practices of a criminal cabal responsible for the state of the world today.                    

This is piracy of the highest order, and the ordinary people paying for this, for generations to come, will be born into a financial bondage to the coming world state which amounts to nothing less than SLAVERY.               

We are being financially raped by the banking elite who simply demand that our government pass the very legislation which will condemn the citizens to a future of indentured servitude. We, the taxpayers, will have to cough up our last cent to the parasites of finance to furnish their lavish lifestyles of champagne parties and fancy yachts, whilst we are left struggling to make ends meet.                 

The government tells us we need to get through this current financial crisis together, by pulling together don’t you know, whilst they maintain their positions of power over us and live the highlife with their banker and building developer buddies. They don’t take responsibility for, or account to the public for, the catastrophe they’ve inflicted on families and businesses in this country. At the same time they try to justify their uselessness and inflated salaries, presumably in line with their inflated egos and ludicrous self belief in their value to society, whilst at the same time maintaining their massive expense accounts and lavish pension arrangements which nobody else in the country is entitled to.

machholz responce 

Careful what you ask for!

With the cries of change the government getting louder, I caution and ask the question will we be any better off?

Make no mistake I want to have a change of government and I want to jail All the corrupt Basta***

Responsible for the mess we are now in.

What exactly will the new government do about the political gangsters responsible for the mess we are now in?

see posting

Anglo Irish reports €12.7bn loss for 2009

 

Anglo Irish Bank has reported a loss of €12.7bn for the 15 months to the end of December last year, as it set aside just over €15bn to cover loan losses.

Full Annual Report & Accounts

€10bn of the loan loss figure was linked to assets expected to be transferred to the National Asset Management Agency.

Excluding money set aside for bad loans, the bank made an operating profit of €2.4bn, though this included a gain of €1.8bn from a restructuring of its debt.

The bank confirmed the Minister for Finance,  had put a further €8.3bn into the bank, as he announced in the Dáil yesterday.

Anglo Irish also said restructuring of its activities and the NAMA process cost it €42m in the 15-month period.

Fianna Fail ship on the rocks

Fianna Fáil TD for Carlow-Kilkenny John McGuinness today accused Brian Cowen of weak leadership and called on him to consider his position as leader of Fianna Fáil and as Taoiseach.

In an interview broadcast on KCLR96FM this morning, Mr McGuinness said this week’s Cabinet reshuffle showed “a lack of vision, strategy and imagination.”

He also claimed he Taoiseach had “put the party and tribalism first and the country second, with his reshuffle.

“There wasn’t enough emphasis on the economics of the situation, the need for a powerhouse within Government to formulate policy and move things forward with a direct focus on those who are unemployed,” said Mr McGuinness.

“There isn’t an obvious plan for people…we haven’t reached out to those people that need the leadership in terms of their unemployment status or their business strategy to say, and by the way, this is what we are going to do next to support you and to get you out of your difficulties,” he added.

Here we see the Fianna Fail machine is now beginning to fall apart

The obvious self preservation of the party leadership being the main emphases in the latest Cabinet reshuffle.

Things are bad, when their own party members start attacking their own leadership.

With the establishment of NAMA with the support of the above Mr. John Mc Guinness

This government lost all claim to be of the people and for the people.

They sold us out the international bond holder’s .In America the large banks have realized the reality of the situation on the ground and have started a new incentive to keep people in their homes even to the extent that they write down 35%-50% of the lone on these people’s homes

To-day we here that Anglo Irish Bank is now looking for another 10,000,000,000:00 that’s 10 Billion Euros

So far we have given them 5 billion and the other banks have gotten approx 7,500,000,000 and will be expecting to get another 9,000,000,000:00

With all this money it would be cheaper for the government to pay off every house mortgage in the country and let the banks and international bond holders go and developers and commercial investors go and whistle and negotiate their own way out instead of making the taxpayers of this country pay for them.

Tell the people the truth about the Markets & NAMA

Do you really want to know what is really going on in the market place?
Ever heard of the “Rigged Market capitalists system”
Are you ready for this news??
Ernst & Young auditors of Anglo Irish Bank now working for NAMA ,
The same auditors for Lehman Brothers .
This is criminal , allowing this to go on, they should all be in Jail !
We must have a new Irish people’s political party that will stop this fraud in its tracks.
A political party that will prosecute all the individuals responsible for this criminal conspiracy
They must be brought to justice
We the people must have our pound of flesh!

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