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Thread: Banking Crisis Inquiry - Let the Games Begin - UPDATE - Final Report Leaked

  1. #1
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    Default Banking Crisis Inquiry - Let the Games Begin - UPDATE - Final Report Leaked

    EDIT: Post 75 was made on day one of the Inquiry.


    Inquiry website

    https://inquiries.oireachtas.ie/banking/

    https://inquiries.oireachtas.ie/bank...quiry/process/

    Kildarestreet.com - transcripts of hearings - https://www.kildarestreet.com/

    Hearings

    https://inquiries.oireachtas.ie/banking/hearings/

    Edit :- link to video clips from previous sessions

    http://www.oireachtas.ie/parliament/watchlisten/videocliptool/

    LIve streaming

    http://www.oireachtas.ie/parliament/watchlisten/live-flashplayer/committeeroom1/


    __________________________________________________ ___________________________


    The impetus for an Oireachtas Enquiry into the banks crisis seems unstoppable, in spite of the strong preference that the public seems to have for immediate prosecutions and arrests. However, an Oireachtas Enquiry, should one take place, would place Cowan and Cardiff, rather than the bankers, in mid-frame.
    In particular, there would be scrutiny of the manner in which the decision was taken by a small and undefined, non statutory group, and only individually rubber-stamped by Cabinet Ministers on the end of a phone line, rather than discussed and agreed by Government.

    As Eoin Daly of UCD Law School rights here, the Irish Constitution prescribes collective government decision making by a body of at least seven TDs (a cabinet) as a right of the people.

    http://humanrights.ie/announcements/...of-government/

    http://www.herald.ie/news/cowen-faces-summons-to-bank-bailout-inquiry-29228996.html


    The statements of Ministers on this are at odds with the statement of Cowan to the Daíl, claiming that there was a collective enquiry.

    http://www.independent.ie/irish-news...-26719888.html



    There is also a serious issue of the illegality of putting State Aid into a bankrupt institution:

    http://www.politicalworld.org/archiv...hp/t-6495.html

    The "Anglo Tapes" have directed anger at individual bankers, and have to some extent let the politicians off the hook: terms of reference of any enquiry must also focus on the politicians and civil servants.

    There was an unholy alliance.
    Last edited by C. Flower; 22-01-2016 at 01:29 PM.
    “ We cannot withdraw our cards from the game. Were we as silent and mute as stones, our very passivity would be an act. ”
    — Jean-Paul Sartre

  2. #2
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    Default Re: Bank Guarantee Enquiry - Cowan to be Called to Give Evidence ?

    Expect Bank guarantee inquiry to be a whitewash.

    Most of the info are there except for some missing jigsaw pieces.

    Civil servants along with Cowen and successive finance ministers have made decisions for Anglo as they were in power for 13 years.

    You would have to go back to start of year 2000 to follow the trail of their decisions. Even a senior civil servant flagged it well as he was told to tune it down by big wigs of Finance dept.

    We would need someone to apply for FOI re diaries dating back to 2000 re Finance ministers and DOF as well.

    What's sorely needed is an independent investigation & enquiry.

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    Default Re: Bank Guarantee Enquiry - Cowan to be Called to Give Evidence ?

    FF demand that Trichet be included in a future enquiry

    "Those who were responsible domestically – such as Brian Cowen and Bertie Ahern – are prepared to testify. This means it is now imperative we get the testimony of Mr Trichet.''

    Any enquiry, Mr McGrath said, that did not have the evidence from Mr Trichet about the role of the ECB "would be the equivalent of a two-legged stool''.


    http://www.independent.ie/irish-news...-29580201.html
    Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other. ~Oscar Ameringer

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    Default Re: Bank Guarantee Enquiry - Cowan to be Called to Give Evidence ?

    Prime Time looking at the new proposals for a banking inquiry. Looks they can't find anyone outside government to deliver a favourable opinion.

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    Default Re: Bank Guarantee Enquiry - Cowan to be Called to Give Evidence ?

    Quote Originally Posted by DCon View Post
    FF demand that Trichet be included in a future enquiry




    http://www.independent.ie/irish-news...-29580201.html
    Trichet not playing ball

    Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other. ~Oscar Ameringer

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    Default Re: Bank Guarantee Enquiry - Cowan to be Called to Give Evidence ?

    I can't believe the public continue to place any hopes in dealing with the bank scandal via Gardai/DPP route. This approach has delivered nothing for the public up until now, and there is 0% reason to think it ever will.

    An Oireachtas enquiry, even if it is dominated by grandstanding TDs and other opportunists, is far more likely to shed light on the realities of what happened than any "nolle prosequi" by the feeble DPP.

    I think there is a case for granting total immunity from prosecution to all banksters in return for the truth. That way we will achieve something.

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    Default Re: Bank Guarantee Enquiry - Cowan to be Called to Give Evidence ?

    Quote Originally Posted by Richardbouvet View Post
    I can't believe the public continue to place any hopes in dealing with the bank scandal via Gardai/DPP route. This approach has delivered nothing for the public up until now, and there is 0% reason to think it ever will.

    An Oireachtas enquiry, even if it is dominated by grandstanding TDs and other opportunists, is far more likely to shed light on the realities of what happened than any "nolle prosequi" by the feeble DPP.

    I think there is a case for granting total immunity from prosecution to all banksters in return for the truth. That way we will achieve something.
    Let them all off sure. The whole country went mad didn't we.

    Sent from my GT-I8190 using Tapatalk 2

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    Default Re: Bank Guarantee Enquiry - Cowan to be Called to Give Evidence ?

    Quote Originally Posted by DCon View Post
    Trichet not playing ball

    FF are playing a clever game. They have claimed that Saint Lenihan was pushed to act by Trichet and the ECB

    Now demanding that Trichet be part of a domestic inquiry (knowing full well that he will do no such thing) they can leave the myth of Saint Lenihan the Good out there
    Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other. ~Oscar Ameringer

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    Default Re: Bank Guarantee Enquiry - Cowan to be Called to Give Evidence ?

    Whoops.....


    The Government’s majority on the banking inquiry is in doubt after a Seanad committee voted to place two Opposition Senators on the long-awaited investigation.The Seanad committee on selection, which appoints members of the Upper House on committees, met last night to decide whom to place on the banking inquiry.
    It had been expected the two Seanad members to sit on the nine-member panel would be split between the Government and Opposition.
    However, a number of Coalition members were missing from the committee and it voted to put Fianna Fáil’s Marc Mac Sharry and Trinity Senator Seán Barrett (Ind) on the banking inquir
    It is understood Taoiseach Enda Kenny’s office instructed Coalition members to support Mr Barrett and Labour’s Susan O’Keeffe. Mr Barrett was selected unanimously, while Mr MacSharry was accepted by five votes to three. Ms O’Keeffe was rejected by four votes to three.
    The result, if it stands, means the nine-member banking inquiry will have only four Government members: chairman and Labour TD Ciarán Lynch and Fine Gael TDs Eoghan Murphy, Kieran O’Donnell and John Paul Phelan.
    http://www.irishtimes.com/news/polit...medium=twitter

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    Default Re: Bank Guarantee Enquiry - Cowan to be Called to Give Evidence ?

    Massive row going on in the Seanad. Maurice Cumminns says McSharry has a conflict of interest on the banks. McSharry wants Cummins to say what this conflict is because his character is being impugned.

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    Default Re: Bank Guarantee Enquiry - Cowan to be Called to Give Evidence ?

    FF insisting that the allegation be withdrawn.

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    Default Re: Bank Guarantee Enquiry - Cowan to be Called to Give Evidence ?

    Senate adjourned until 12.20 to sort it out.

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    Default Re: Bank Guarantee Enquiry - Cowan to be Called to Give Evidence ?

    Well well.

    Any views on the general suitability of the people being proposed ?
    “ We cannot withdraw our cards from the game. Were we as silent and mute as stones, our very passivity would be an act. ”
    — Jean-Paul Sartre

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    Default Re: Bank Guarantee Enquiry - Cowan to be Called to Give Evidence ?

    Quote Originally Posted by C. Flower View Post
    Well well.

    Any views on the general suitability of the people being proposed ?
    Eoghan Murphy and John Paul Phelan are FG backbench makeweights. Murphy in particular has a SCD middle class background and went to the same schools as the people he'll be questioning.
    Matttie McGrath will be as useful as tits on a bull to appropriate his own phrase.
    Kieran O'Donnell is sharp enough but is susceptible to government pressure if it wants a particular line taken.
    Sean Barrett and McSharry are unlikely to make much headway.
    Pearse Doherty and Stephen Donnelly are probably the only people on the committee that will make the witnesses nervous.

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    Default Re: Bank Guarantee Enquiry - Cowan to be Called to Give Evidence ?

    Quote Originally Posted by PaddyJoe View Post
    Eoghan Murphy and John Paul Phelan are FG backbench makeweights. Murphy in particular has a SCD middle class background and went to the same schools as the people he'll be questioning.
    Matttie McGrath will be as useful as tits on a bull to appropriate his own phrase.
    Kieran O'Donnell is sharp enough but is susceptible to government pressure if it wants a particular line taken.
    Sean Barrett and McSharry are unlikely to make much headway.
    Pearse Doherty and Stephen Donnelly are probably the only people on the committee that will make the witnesses nervous.
    Maybe as good as we can hope for.
    “ We cannot withdraw our cards from the game. Were we as silent and mute as stones, our very passivity would be an act. ”
    — Jean-Paul Sartre

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