Public Accounts Committee framework for a Banking Inquiry

[Dr. FIVE]

Thanks for that. Good piece in Village on this too.

[PaddyJoe]

Maybe Ireland should be looking at the Icelandic model as one to base a banking inquiry on:

Report of the Special Investigation Commission (SIC)

The Special Investigation Commission (SIC) delivered its report to Althingi on April 12 2010. The Commission was established by Act No. 142/2008 by Althingi, the Icelandic Parliament, in December 2008, to investigate and analyse the processes leading to the collapse of the three main banks in Iceland. Members of the Commission are Supreme Court Judge, Mr. Páll Hreinsson, Parliamentary Ombudsman of Iceland, Mr. Tryggvi Gunnarsson, and Mrs. Sigríður Benediktsdóttir Ph.D., lecturer and associate chair at Yale University, USA.

http://sic.althingi.is

[Stanley 2]

http://www.rte.ie/news/2012/0712/rel...buse-deal.html


"The Chairman of the Dáil Public Accounts Committee, John McGuinness, described the delays in the transfers as unsatisfactory.

He said he hoped the committee would examine the issue in the next Dáil term".





Maybe McG is the boyo to talk to the Troika, seems to have a very high opinion of what he can achieve, which to date is "sweet fup all" until he at least finishes the FAS fiasco.

[Troubleshooter]

God help us a guy applies to use the whistleblowers section of the labour services act 2010 directly to minister Quinn inorder to get the Mazars report published because the PAC won't publish it and gets fired 2 weeks later enough said

[Baron von Biffo]

Gump's disgraceful comments on the outcome of the McAreavey trial should serve as a warning of the dangers of giving politicians quasi-judicial powers over the rest of us.

[Dr. FIVE]

Seems to be a decent swell of opinion that politicians aren't up to the job. The cabinet themselves removing any doubt in the last week or so.

you can always rely on them for some things

[PaddyJoe]

Seems to be a decent swell of opinion that politicians aren't up to the job. The cabinet themselves removing any doubt in the last week or so.

you can always rely on them for some things

The Ulster bank hearing last week was a very good example. Most of the members were out to give the UB executives a good hiding(which obviously they deserve) and scream about bonuses and their constituents.
In the end the only person who made an attempt to get to the root of the problem was Alex White.
Michael Creed made a total arse of himself by starting some kind of obscure procedural row with White and he's not even a member of the committee.
Peter Matthews went on one of his immensely long waffles near the end and that finished the session through sheer boredom.
In between you had loads of heat and damm all light.
Anybody who thinks that any of the Dail Committes is capable of getting a straight answer out of bankers should take a close look at that Ulster Bank meeting.

[Dr. FIVE]

yeah spot on.

Fianna Fáil's Michael McGrath on Jim Brown keeping his bonus..

With respect, that is astounding, that Mr. Brown would even consider accepting a bonus, that he cannot come in here and at least rule that out, out of respect for the 500,000 customers who have been put through enormous distress over the past two weeks and will be perhaps for another week or more, and that he is saying that he will consider accepting a bonus in respect in 2012. I find that beyond belief.

Fianna Fáil's Michael McGrath

RTE was worse, nauseating. Politicians lecturing Savage about accountability and spin. Feck off
And like Ulster Bank we get the same question asked - at length - over and over and none of them coming close to real issue.

The Politicians cannot be let win the war against tribunals. We all no they were designed to go on the long finger/cost a fortune/and hold no one accountable.

They would never have been allowed to do otherwise.

Toxic by design. Put people of them

[Slim Buddha]

Drennan outlines the nature of the banking enquiry and how it is evidence of Ireland being a failed state.

http://www.independent.ie/opinion/co...e-3168390.html

Until the political system is drastically reformed,Ireland will remain a failed state, protecting woeful levels of competence in government, risible levels of public accountability and pre-programmed levels of corruption. It does not work on any level and needs root and branch reform.

[DCon]

BIFFO will be there. He may not be sober, or remember anything, but he will be there

FORMER Taoiseach Brian Cowen has said he will give "whatever assistance" he can to the inquiry into the banking crisis, once it has been established.

Asked if he would make available any potentially relevant documentation that he might have in his possession, Mr Cowen replied: "I am not in possession of any relevant documentation that is not in (available to the) Government."

Asked if he would accept the findings of the banking inquiry once these were factually based, the former Taoiseach said: "I cannot pre-determine my views on any outcomes to an inquiry that is not yet established."

Not everyone is so helpful however

Of the 14 bankers, politicians and senior civil servants contacted, just three others, apart from Mr Cowen, were prepared at this point to give an undertaking to assist the Dail with its investigation.

Big Kev is willing to get an all expenses paid trip home

Responding to the same set of questions through a general statement issued by the Department of Finance, former secretaries general Kevin Cardiff and David Doyle indicated their willingness to "co-operate fully".

http://www.independent.ie/national-n...n-3168527.html

[Baron von Biffo]

BIFFO will be there. He may not be sober, or remember anything, but he will be there

Not everyone is so helpful however

Big Kev is willing to get an all expenses paid trip home

http://www.independent.ie/national-n...n-3168527.html

So no leaping to judgement or anything.

A key reason why we should not have a Dail committee investigating these matters is that the investigators rely for their continuance in office, on pandering to prejudice.

[Troubleshooter]

I see. mcGuiness ha s his pals writing in to the Mail on Sunday saying how good he is

[Stanley 2]

I see. mcGuiness ha s his pals writing in to the Mail on Sunday saying how good he is

http://www.independent.ie/irish-news...-29105408.html

Has McGuinness got the gig

[Troubleshooter]

Until the publish the Mazars report into FAS they should not be allowed near it

[Troubleshooter]

Shane Ross just raised this in the Dail.

Says it is important that the Inquiry has the right shape. Says PAC had to torpedo an investigation into the DDAA last night as it could prejudice a court case

Says Oireachtas Inquiries have a very poor performance record as vested interests take them to the 4 Courts.

The danger, he says, is that rich bankers will be in the 4 Courts on day 1 attempting to frustrate the Inquiry and they will be effective.

Enda says it is an important matter, and what is done has to be done correctly and in "the right fashion".

Enda laments the rejection of the referendum last year but says the will of the people must be respected.

Howlin will review any proposals received on how to get to the truth.

No evidence on conversations, meetings or rationale behind the decision seemingly exist in his Department (I think that is what he was saying as he is waffling terribly).

Howlin will review "very carefully" the PAC report.

Any report (I assume he means Investigation) must include the Bank Guarantee decision

Where is Ross on the DSP rebranding and the EU Auditors back in FAS ,he was a cheerleader for fingers and Seanie should not be allowed near it