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Thread: Has Pat Neary been telling tales out of school?

  1. #1
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    Default Has Pat Neary been telling tales out of school?

    We should find out next week when the preliminary banking reports are handed over to Brian Lenihan. One report is from Patrick Honohan on the performance of the Central Bank and the Regulator's Office and the other is by Klaus Regling and Max Watson into the causes of the banking crisis.
    According to Thursday's IT:
    The roles of former Central Bank governor John Hurley and Financial Regulator chief executive Pat Neary, and the relationship between their organisations in the run-up to the September 2008 financial meltdown, should feature in Honohan’s report.

    Neary has remained a silent figure since his departure in January 2009 over the regulator’s handling of Seán FitzPatrick’s hidden loans at Anglo Irish Bank.
    Neary may have some fascinating points to make about pressure that was brought on him by a senior establishment figure when the regulator belatedly tried to rein in the banks on speculative lending to developers and 100 per cent mortgages in 2006. If and when he sings – potentially to a commission of inquiry – Neary’s song may strike discordant notes for some listeners in officialdom.
    http://www.irishtimes.com/newspaper/...271226362.html
    Last edited by C. Flower; 28-05-2010 at 07:49 AM.

  2. #2
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    Default Re: Has Pat Neary being telling tales out of school?

    Honohan's report might be interesting as one of his eight man team to advise and draw up report was Donal Donovan former IMF senior advisor. He gave us a very good lecture last year as he was honest as regards to the state of worlld financial turmoil. He pinpointed to Greenspan's free credit along with low interest rates which set the boom & destruct.

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    Default Re: Has Pat Neary being telling tales out of school?

    Any chance that a mod could edit the title of the post to change 'being' to 'been'? Ta

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    Default Re: Has Pat Neary been telling tales out of school?

    Paddy under investigation?

    Garda headquarters is examining the actions of former financial regulator Patrick Neary around the time of the banking collapse.
    The examination, which is being led by a senior officer, will determine if Mr Neary will face a criminal investigation.
    However, informed sources stressed that Mr Neary is not under any investigation at this time.

    The examination came to light after Lucinda Creighton TD wrote to acting Garda Commissioner Nóirín O’Sullivan asking if the Garda was investigating Mr Neary in light of comments made by Judge Martin Nolan at the conclusion of the recent trial of former senior executives in Anglo Irish Bank.

    Ms Creighton asked for clarity on whether Mr Neary was being investigated for possible breaches of the Companies Act following the remarks by the judge that two executives convicted by the court had been led into illegality by the State.

    “It seems Mr Horan and Mr Neary were more anxious to solve the problem than to comply with the technicality of the law”.
    http://www.irishtimes.com/news/crime...source=dlvr.it
    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: Has Pat Neary been telling tales out of school?

    Quote Originally Posted by DCon View Post
    Ahh.

    About time.
    “ 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

  6. #6
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    Default Re: Has Pat Neary been telling tales out of school?

    Quote Originally Posted by C. Flower View Post
    Ahh.

    About time.
    Not quite an investigation though. Or at least not yet.

    “It’s an examination of information and events that have entered the public domain and that’s all it is; it is not an investigation,” said one source.
    Assistant Commissioner Derek Byrne, the senior officer in charge of all of the specialist units in the Garda, is leading the examination in conjunction with the force’s head of legal affairs Kenneth Ruane.
    By the way, Derek Byrne is the senior officer that Maurice McCabe alleged assaulted him in the Hillgrove a few years back during a meeting to discuss his complaints.
    He was recently shortlisted for the job of PSNI Chief Constable but didn't get the job.

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    Default Re: Has Pat Neary been telling tales out of school?

    Quote Originally Posted by PaddyJoe View Post
    Not quite an investigation though. Or at least not yet.



    By the way, Derek Byrne is the senior officer that Maurice McCabe alleged assaulted him in the Hillgrove a few years back during a meeting to discuss his complaints.
    He was recently shortlisted for the job of PSNI Chief Constable but didn't get the job.
    I'm filled with confidence.
    “ 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

  8. #8
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    Default Re: Has Pat Neary been telling tales out of school?

    They are trying to pin a blame on Neary however he isn't alone as it's his boss who would have known it as well.

    How about DSG as well???

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