Connecting The DOBs

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Patrick McKillen at the high courtCm15ekxXEAAkYgf-1

From top: Denis O’Brien, Paddy McKillen and Catherine Murphy

Update:


Via Tom Lyons

Soc Dem founder Catherine Murphy made  fresh claims about Denis O’Brien’s involvement   with IBRC this morning during a debate on the second stage of the Commission of Investigation (IBRC) Bill 2016.

This is the Cregan investigation into certain transactions within IBRC, including the sale of Siteserv to Denis O’Brien.

Ms Murphy told the Dáil:

“I am relieved that we are finally at a place where we can begin the process by introducing this legislation. The thought crossed my mind this morning when it took so long to get a quorum that it had been stymied at every opportunity, and I wondered. I am not prone to conspiracy theories and I can tell the Minister of State how relieved I am that we ended up getting a quorum when it arrived after 11.10.

The commission had been fraught with problems. The majority arose because this, in reality, is the first investigation that has dealt with financial and banking matters under the 2004 legislation and it has been different from inquiries that have happened under that legislation to date. Given the turmoil of recent years, I doubt it is likely to be the last of this kind of inquiry.

It is bespoke legislation but at least it is charting a way. Upon reading the legislation, it is not quite clear to whom the final report will be made available. I note in the comments of the Minister of State, Deputy Stanton, that persons will have sight of it if they are mentioned in it, but whom will it be delivered to at the end of the day? Maybe that could be clarified because we need some degree of certainty on that at this stage.

It is just over a year since I stood in this Chamber and raised issues that I still believe were in the public interest – a complex web of cosy relationships, outrageous financial dealings and convenient transactions that benefited some far more than others, all at the expense of ordinary citizens.

The public interest element of the investigation is without question. IBRC was a bank that the people never wanted and yet well in excess of €30 billion of citizens’ money was pumped into the institutions formerly known as Anglo Irish Bank and Irish Nationwide Building Society that then combined to become IBRC.

Citizens have a right to understand why they are shouldering the burden of bank debts while some individuals appear to be doing very well from the purchase of distressed assets from IBRC. It became even more worrying when it transpired that Siteserv, a distressed asset that went on to win some lucrative water meter contracts, was purchased in highly irregular circumstances from IBRC.

The information I got from a freedom of information request was that the Department of Finance had deep concerns about that. From the bits that are not redacted, it indicates that the reputation of IBRC and, by extension, the State is vulnerable due to the approach taken by the bank on these matters, and that the processes of IBRC should be beyond challenge in order to protect it. There was clear concern in the Department about it.

AIB, which is 99% State-owned, lent the individual the money to buy Siteserv. That is our bank, which would not lend to businesses, yet it provided the money to buy Siteserv, an asset owned by the State. When the loan was granted to that person, he owed the State significant sums of money already. We sold Siteserv to that person for less than it appears to have been worth. Why would we not ask questions about that?

We did it when others told us they were prepared to pay more for the asset from their own resources rather than a loan from one of our banks. We know trade buyers were excluded, so we did not properly test what could have come in. As we know, there was a write-off of €119 million, with €5 million going to the directors of what was essentially a failed company in terms of the amount of money available.

My pursuit of the questions surrounding such an irregular transaction culminated in my making a speech in this House approximately a year ago that created a furore I could not really have envisaged.

I was attacked by powerful interests using media outlets that were afraid of the power wielded by this individual.

On one occasion my reputation was rescued by Deputy Micheál Martin because a presenter did not intervene. It took me by surprise; the legal issue is thrown over news stories very often when they involve very wealthy individuals, but it is not done in the same way for other people. I noted that at the time.

I have since discovered a whole other world that I did not know existed. A journalist contacted me on the false premise that he was writing an article and I took him at face value. He made an appointment to come to the Oireachtas for a meeting, but the sole purpose of it was to try to find out the sources of my information.

He is Mr. Mark Hollingsworth.

He did not get the sources but it appeared to be more of an inquisition than an interview. That kind of world, which I did not know existed, is there bubbling under the surface. We must be conscious of that.

My staff and I were put under immense pressure, but at all times I felt the support of the public, and people went out of their way to e-mail me, call me, stop me in the street and encourage me to continue to ask the questions that they wanted to be asked. They were obvious to very many people. I continue to have people on a constant basis saying it to me, even at this stage.

There can be no denying there is a disconnect between citizens and politics. Mistrust and the impression of “them and us” has damaged the relationship, exposing issues of concern. There should be an insistence on transparency and accountability, along with a pledge to uphold both. That is the only way we can restore trust in both the political and public life in Ireland.

Legislation being introduced today is a significant part of the process, but it is only one element. The Minister of State mentioned terms of reference and I hope we will see them in the next week, as they are important. It is essential to put in a modular fashion how this will proceed. Looking at the first, second and third interim reports, substantial work has been done by the judge in preparing for the inquiry, narrowing the issue and concentrating on Siteserv as the first element in the modular approach. This should be in place by the time the Dáil goes into recess.

The terms of reference have shifted substantially already, focusing on transactions initially above €100 million and, subsequently, transactions of over €10 million. Considering the amount of material that the judge has gone through at this stage with one transaction, I agree that in hindsight we underestimated the task involved.

It is important that we narrow it and do one good piece of work before going back to see what else is needed. The Dáil will manage that. It is important to investigate the transactions accounting for substantial sums of money.

There are also instances where the sum involved may be relatively insignificant overall but the context would provide an understanding of key relationships, which would be a vital component of the larger investigation. For example, in 2012, the then heavily indebted developer Paddy McKillen sought a bridging loan of just €5 million from IBRC when he had a cashflow problem following his unsuccessful litigation against the Barclay brothers.

As part of that process, Richard Woodhouse, a man connected with the Siteserv sale, and Mr. O’Brien advised members of the IBRC, including Mr. Aynsley and Tom Hunerson – people connected directly with the Siteserv deal – that Mr. O’Brien would provide IBRC with a guarantee of €5 million to support the loan for Mr. McKillen.

Astoundingly, despite serious concerns from some about Mr. McKillen’s ability to repay the amounts he owed IBRC – far in excess of €5 million – the bridging facility was granted. Essentially, a man with huge debts to IBRC was granted a loan from the IBRC on the guarantee of another man who owed significant sums to IBRC while there were questions over both men’s financial ability to fulfil original loan agreements with IBRC.

Those making the decision were directly connected with the Siteserv deal and other transactions. Some of the larger transactions, such as those in excess of €10 million or €100 million, may be more straightforward than some of the smaller transactions that could give us some sort of better understanding of the relationships in the bank.

I also have a question on the provision of the loan by AIB, the bank that is 99% owned by the State, when the business sector in the country was screaming that it could not get credit just to get staff paid.

The loan was paid to Mr. O’Brien to help facilitate the purchase of Siteserv. It is interesting to note that the AIB group chief credit officer at the time the loan was advanced went on after leaving AIB to join the boards of Siteserv, Topaz and the Beacon Hospital, all owned by Mr. Denis O’Brien. Why was that? My point has always been that, while there may be perfectly legitimate answers to these questions, they stand out as very obvious questions to ask.

An element of this legislation that I called for and which appears to be absent is a section dealing with the Irish Stock Exchange. There is one aspect of the stock exchange that I want to mention. In the course of trying to untangle some of the curious share dealings surround the sale of Siteserv, it proved wholly ineffective in maintaining any form of watchdog capacity or general oversight. The Minister of State referred to a portion of the Bill dealing with confidentiality with respect to the provision of information by the stock exchange. Deputy Calleary and I have made this point.

There was a big spike in the share dealings before it was publicly known that this company was going to be sold. I wrote to the Irish Stock Exchange and it stated it does not possess details of individual dealings regarding nominee accounts, so it did not have the information.

Then I wrote to the Office of the Director of Corporate Enforcement and it stated there was no indication at the time of reply that any issues arose that came within the remit of that office.

I wrote back to the Office of the Director of Corporate Enforcement and then I wrote to the Central Bank, which stated it does not hold details of the beneficial owners of the nominee accounts holding shares.

We wonder why prosecutions are not taken in relation to insider trading but if nobody is holding anybody to account or has the function to do that, how can it happen? We should not have legislation if we have not got the means of enforcing it and we need to do far more in respect of the stock exchange and of share dealings.

In every situation there must be a system of checks and balances and a significant one must be the ability of the media to report news. It became increasingly obvious during all of this that we had a major problem with both the ownership of our media and our defamation laws.

Not having a functioning media may well be a contributory factor in future inquiries, where that role should properly be played by the media in scrutinising and holding to account in the same way as we in the Opposition are expected to hold the Government to account. It is the checks and balances in the system.

There can be no doubt that the chilling effect of powerful individuals is a problem in this country and certainly it has appeared to be the case that the thicker the wallet the thinner the skin. Our defamation laws, as they stand, allow that to be the case. Aside from the chilling effect, there is also very real concern regarding media ownership.

When an individual is able, as Fintan O’Toole wrote, to accumulate “excessive private power” which has “an impact on the public realm of democracy” one knows there is a problem with the system controls that are in place.

We saw the work, for example, that was done quite recently by the “Prime Time” investigations unit regarding Console. That was a very good piece of work, but even an adverse or a satirical comment will invariably produce a writ to RTE.

Then we wonder why we do not see programmes by the likes of “Prime Time” about particular individuals, whether or not about this particular topic. That definitely has to be questioned. This is why the National Union of Journalists is calling for the establishment of a commission on the future of the media in Ireland. We should not just heed that call, we must commit to providing for that to happen as a matter of urgency. We have to get those checks and balances back into the system and the media are one element of that.

We also need a discussion regarding why the media mergers guidelines are not retrospective. Where there have been similar concerns about other sectors that have an over-dominance in the market, steps were taken. The one I am thinking of, which was very obvious, was the situation regarding Ryanair and Aer Lingus, where Ryanair was told it was over-dominant in a particular market – between Stansted and Dublin, I think. It was ordered to sell some of that, if not all of it.

Why is it that one sector is looked at and another sector that is just as important, if not more so, is not considered in the same way? While I am pleased to welcome the Bill and I look forward to the work finally progressing in a meaningful way, I regret that it is necessary to use legislation to force some of the parties involved to make the relevant documents and information available to Mr. Justice Brian Cregan in a way that overcomes the privilege and confidentiality issues asserted by some of those involved.

I am pleased that Siteserv will be prioritised as I believe it to be the issue of primary concern to the public and I believe it will act as a bellwether for other transactions that require serious questioning and analysis, including the controversial Topaz deal and the worrying circumstances surrounding the Blackstone transaction.

Much of this has taken me to places I would not look at. Blackstone would not normally be on my radar, but I had a look at their website. There is a section within the company that deals with tactical opportunities, which they call “Tac Opps”. It is a bit eye-opening.

This section is, by its own description:

“an opportunistic investing platform seeking to capitalize on global investment opportunities that are time-sensitive, complex, or in dislocated markets where we believe risk is fundamentally mispriced”.

We have a situation where one of the leading investment companies in the world, with the proud objective of capitalising on distress, was employed to advise IBRC, without any procurement or any competition from others, on the sale price of the assets.

It went on to be allowed, astonishingly, to buy some of the assets it had priced itself. That is one of the issues the Department of Finance officials were concerned about and it is one of the major transactions they highlighted in the FOI information.

The internal documents from the Department of Finance discuss concern about the ‘poor quality of decisions’ taken.

That language is terribly tame, but I suppose it is the kind of thing one puts into official documents that will be read at some point.

I would have said something a little more extreme, but I will not say it in here. This was stated in respect of transactions such as Siteserv and Blackstone. The officials themselves seem to be extremely unhappy.

Situations such as these raise questions for any right-minded person looking at them. It is my job, and the job of those in the Opposition, to hold the Government to account, as a representative of the citizens, to look at these things and to ask questions.

The public expects and deserves that those questions are asked. In respect of the point that was made about the Irish Nationwide mortgage-holders, what has gone on there is an absolute disgrace.

The web that was outlined by my colleague, Deputy Donnelly, yesterday in respect of even the avoidance of tax is unbelievable, but the real concern should be those people who took out a mortgage in good faith with Irish Nationwide Building Society.

Some of the mortgages were performing and some of them were distressed, but some of the distressed mortgages could have been serviced if there had been even a small discount.

We are not just going to end up with this company running big profits out of all of this but the State will end up having to house some of the people who will, inevitably, lose their homes as well.

The whole thing does not make sense.

I listened to Deputy [Joan] Burton talking this morning about the great work that had been done in dealing with the promissory notes that were turned into sovereign debt on the night IBRC was liquidated.

It was as if we should be thankful to them for doing all this hard work, that they sorted it all out.

The promise the Labour Party actually made was that it would be dealt with. It was “Frankfurt’s way or Labour’s way” and the impression was given that the debt would be written off. That was a legitimate expectation that people had.

We should continue to challenge the very idea that this debt is still there. The promissory notes were turned into sovereign debt and there was a restructuring of the repayment schedule but not one solitary penny of it was written off.

Some €2 billion was borrowed and extinguished in the Central Bank to take it out of the economy. This was last year but there is a schedule of payments up to 2030 to repay an odious debt, with which we should never have been lumbered. We should not lose any opportunity to restate that point.

I wish Mr. Justice Brian Cregan well on the work ahead. I know he has done a lot of work in preparing for this and I have read each of his interim reports with great interest. It is right to narrow this down and it is critically important that we have the terms of reference before the Dáil goes into recess.

Both these things are required for the judge to proceed with his inquiry in the fullest way possible.”

Meanwhile…

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Anti-Austerity Alliance-People Before Profit TD Richard Boyd Barrett

Anti-Austerity Alliance-People Before Profit TD Richard Boyd Barrett TD spoke during the debate.

Mr Boyd Barrett began by admitting he hadn’t heard Social Democrats TD Stephen Donnelly’s speech about US investment firm, Mars Capital yesterday, and the pending eviction of a family from their home in Kilkenny.

However, Mr Boyd Barrett said:

“A woman emailed me previously about her engagement with the financial institution that used to be Irish Nationwide and then became IBRC and the mortgage, the mortgage they had. And I think it’s sort of telling, in a way, what’s at stake in all of this. I’ll just read out a little of what the person says. She says:

I am an IBRC mortgage holder with a performing, just about so far, loan, that has just been sold to Mars Capital No.3 Limited, an unregulated fund. I stood outside the Dáil with other mortgage holders, trying to get this government to see sense but no, Michael Noonan had no regard for me or any ordinary person caught up in its liquidation of IBRC. So I wanted to know: who will I be dealing with. Who is Mars Capital No.3 Limited?

I did some research on cro.ie and discovered that Mars Capital No. 3 Limited had, until January the 15th, two directors – one of whom had the same name as a person who held a senior position in IBRC in the past. And was also, in the past, an employee of KPMG, the firm of liquidators. That surprised me. But I am an ordinary person who isn’t used to looking at company documents.

In recent days, that director stood down and another is appointed per new documents, lodged with the CRO. The other fact I discovered is that that company has three shareholders, all of them charitable trusts. Which I Googled and are associated, I think, with a Dublin legal firm. They are named Badb – I don’t even know how to pronounce this – Medb and Eurydice. What in the name of god has a charity to do with it? Who would use charitable trusts? Why use charitable trusts? Who owns my loan? I am still none the wiser. I believe this has to be examined.

Why hide behind charitable trusts? I took out my loan with a building society, not a charity. I stand to be corrected but the charitable trusts concerned may have been in the news in the past. I think I am at least entitled to know who owns my loan, considering my Government has done the selling.”

“And just to inform people, if they don’t know, the charitable trusts were owned by Ireland’s biggest, corporate tax firm, Matheson, who indeed have been in the news. Because Matheson were using these three companies to essentially help international hedge funds avoid tax.”

Something that the Central Bank has reported on, the use of these charitable trusts which are, apparently, registered to relieve poverty and distress. But they what they actually do is help hedge funds and banks pay billions less in tax on, in the area of high-risk assets. The Central Bank has warned, has done some reporting, saying these structures are potentially extremely dangerous because we don’t really know anything about them.”

“Now to me this just say everything about the web of connections between corporate accountancy firms, about the financial institutions that we bailed out, handing over the mortgages of ordinary people to these vultures engaged in aggressive tax avoidance. And then, on the other hand, that same institution writes off… This person doesn’t get a write-off, they don’t get a discount, they don’t even know who now owns their loan. We discover that the people who own the loan are a legal firm assisting people in tax evasion, or tax avoidance, sorry, I have to use the technically correct term.”

“But this same institution can write off €119million to the benefit of the richest man in Ireland, Mr Denis O’Brien, who is not tax resident in this country. Apparently, he doesn’t live here, although his kids go to school here and he has a yacht in Roundstone, Co. Galway and so on.”

“And if you say these things, as some of us did, Deputy [Catherine] Murphy, I did myself. I had the privilege of receiving a letter in, I think it was in the middle of 2012, when I made some of these points, and suggested that maybe the mafia would have something to learn from some of the dealings of the rich in this country. I received a letter from Denis O’Brien, castigating me for abusing my Dáil position with a thinly-veiled warning that I better stop doing it. That’s what goes on.”

“So you have ordinary people, like that woman who writes to me, and thousands and thousands of other mortgage holders, some of whom lost their homes, many of whom are certainly screwed to the wall, in terms of unsustainable mortgage payments and so on. And then all the devastating consequences that went beyond that, what was it, €32 or €34billion went into, into Anglo Irish, €64billion in total, all the devastation, wrecked the lives of ordinary people and then you have this stuff going on where tax refugees like Denis O’Brien benefit to this tune.”

And eh, what was the other write-off company he got? Oh, Independent [News and Media] newspapers, I forgot about them, also got a €100million written off, that he had a major shareholding in. God, he’s done well out of IBRC.”

Meanwhile…

Via Oireachtas.ie

65 thoughts on “Connecting The DOBs

    1. Junkface

      Ireland is way more corrupt than the international authorites recognise. Someone has to clean up this mess and shut down half of the charities we have here. We don’t need so many, merge the best ones. Actually there should be a temporary freeze on anyone creating any new charities/scams in Ireland.

      1. Medium Sized C

        God knows what you’d be saying if you didn’t have the internet to think for you.

        1. Martina

          People like you want to keep the same corrupt show on the road..well there’s news for ya mate..it’s all coming crashing down.

    2. louislefronde

      The big four accountancy firms and top law firms are full of crooks. The one thing that scares the hell out of them is to be perp walked out of their offices in handcuffs and thrown before the courts. You have no idea how ‘chicken-sh*t’ these guys are when faced with the prospect of public opprobrium, and date before the courts.

      1. Kieran NYC

        Please share your knowledge and save the country!

        Unless you’re full of crap spouting off online.

  1. Harry Molloy

    He’s right to raise this and I think we need to see two things :
    1 for these unregulated funds to somehow be brought under the Consumer Protection Code thereby offering the mortgage taker the same protections as with an Irish bank
    2 Charities regulations and powers similar to that of CBI or the Revenue Commissioners. The whole sector, and it is an big one, needs to be examined and for charities to be clearly defined along with their powers and activities

    1. Andyourpointiswhatexactly?

      There’s a charities act that hasn’t been enacted (except for a section on mass cards, I think). I dunno if it deals with this kind of thing, though.
      I hope this incredibly detailed answer helps.

  2. Donger

    DOB, abortion laws & homelessness crisis-our news is on a loop and nothing ever gets done. NOTHING

  3. Observer

    Catherine Murphy: #Redacted was guarantor for loans with #IBRC despite owing millions…

    I don’t get the issue with this, the only issue would be if the guarantee for the loans with IBRC was, when coupled with the amounts owed to other parties, more than the net worth of #Redacted.

    Otherwise it is a nice debating point, but of little meaning and substance.

    There are loads of bank customers who gave gone guarantor on loans for other parties, while owing money to the bank.

    1. Observer

      Debt should be illegal full stop.

      The Bible had it right, but like much in the modern world calamity followed the abandoning of scripture.

      1. Harry Molloy

        it would be gas if we all followed the Bible to a tee for an couple of years. there’s something in there for everyone, whether it be murder, rape, slavery or love for your fellow man.

        1. Gorev Mahagut

          The Bible has it’s faults but the point about usury was a good one. The prophets saw nothing wrong with earning a living (“by the sweat of your face you shall eat bread”) but they frowned on people using wealth to extract more money out of people poorer than them. They idea being, if you have more than you need you should just give the extra away. Which, I think, is an idea worth revisiting.

        2. MoyestWithExcitement

          “calamity followed the abandoning of scripture.”

          Yeah, the world was a better place when people were stoning gays to death or selling their rape victim daughters to their rapists.

      2. Charley

        But if debt became illegal ,you’d be looking at 70-80% unemployment and most the population homeless. That is what has been created over the last 50years by borrowing .

      3. Kieran NYC

        “Debt should be illegal full stop.”

        Have fun paying for your first home when you’re 87.

  4. Panty Christ

    Amazing how all the today fm and Newstalk political staff don’t see or hear any of this. Mr Twiter G reilly addressing lack of TD numbers in chamber while his paymaster gets found out again.

      1. Panty Christ

        If I was ten levels of corporate away from them then yes I would. Some integrity in his journalism would be refreshing. In every way as bad as rté that carry on.

          1. Bob

            I do, and I’m not meant to be informing the public about important news that affects them.

  5. moroccan rug dealer

    Im sure Ms Murphy and mr Boyd- Barrett will be of great assistance to the PSNI and the British fraud squad with their paper work on these sales to date. Baldie-Deafie might yet be in a psychriatriat ward….stress related of course.

  6. Paddy

    Mark Hollingsworth. Why does that name ring a bell? Oh – the self same one that is involved in the Red Flag incident. ‘Journalist’? Or paid gofor? Now where did that memory stick originate from again? And how did it appear in an interested party’s secure building without anyone noticing it?

  7. Anne

    I did some research on cro.ie and discovered that Mars Capital No. 3 Limited had, until January the 15th, two directors – one of whom had the same name as a person who held a senior position in IBRC in the past.

    Fupping crooks the lot of them..

    Baldy Noonan is up to his tits in it too.. the arrogant fupp. He’ll go down in history as someone who has nothing but contempt for the Irish people.. and he won’t be around for too much longer I don’t think. The miserable git.

  8. Frunobulax

    Again Catherine Murphy outshines the Governmental incumbents. Today they themselves row-back once more with inter-party power shafting, courting media comment along the way, ahead of a long recess within which to enjoy the copious amounts afforded to them for their representation to us. It’s telling that so many institutions that would seem the bearers of responsibility in Irish fiscal oversight are in fact lacking any legislative power or indeed will power to change the status quo. Simply hand-wringing and only writing back to an elected rep when they have to maintain face. The compound interest of years of political white-washing and unaccountability with an absurd pension as reward. The less attentive seem to prop them up time after time inside the redundant party system. Here, I am preaching to the converted, to the 50 or so commenters, but much like all else happening in public life in Ireland, there in a glimmer of change with a backbone of actors appearing that act on deeds alone to gain confidence of the citizenry. They face the pressure and the public and their voice gets louder. While the fat cats call in favours and threats, wishing to whip everyone’s backs. Murphy you’re doing us proud.

    1. Andy

      Murphy is everything that is wrong with irish politics.

      Herself and donnelly are smarter than your average politician (apparently that’s not hard). They both use gossip, electorate ignorance and dail privilege to garner votes.

      Murphy is a one trick pony. There are more begrudgers of redacted in her constituency than there are supporters. Keep them sweet and she keeps her job. Similarly, there are more tenants tHan landlords, and there are more mortgage borrowers than bank shareholders. So l9ng as you abuse the smaller group for the benefit of the larger group you will keep getting elected (whether that be fair of just it doesn’t matter).

      So what if redacted gteed a LOAN? My folks gteed my initial mortgage. Who cares – like my folks, this guarantee was never called in. Well, what’s the point of this? It’s to get herself back into the news, get her back winning votes, keeps her relevant (similar to the govts action plans and committees – noise with v little action) . This is a bit of gossip which has nothing at all to do with her earlier allegations. Overall, She doesn’t really understand what she’s talking about but she knows enough to stir up her ignorant elecorate – (1) her chief researcher on here didn’t even know the difference between a bank asset and a bank liability (last few months), (2) she keeps saying redacted got a write-off when it was in fact the company he purchased which got a write off (what does she think happens in a bankruptcy process? Does she think some moron is going to buy the company and keep the unsustainable debt whole?), (3) shortly after her claiming redacted was paying a 1.25% interest rate (a meaningless statement without knowing the risk), Pearce doherty claimed redacted was being charged 3% (one of these is lying), (4) Murphy won’t make any specific claims outside of dail privilege because she can’t back them up.

      As for her partner Donnelly, his ignorance (total bs) was pointed out on Twitter almost immediately.

      Conclusions
      1) The electorate is an ignorant and simple mob – hit certain buzzwords and they’ll jump to attention.
      2) The socdems have no credibility.
      3) No need for evidence when you can hide behind dail privilege.

      1. Paddy

        You seem to be smarting profusely. Catherine Murphy must be getting pretty close to the bone. The more she digs, the wider the web becomes. Nerves all round me buckos.

        1. Anne

          He could be onto something here –

          she keeps saying redacted got a write-off when it was in fact the company he purchased which got a write off

          Forget it all lads.. it weren’t Denis all along.. it were the company what he purchased.
          Companies got feelings too and it don’t be nice to be making allegations of preferential treatment at the taxpayer’s expense..

          So l9ng as you abuse the smaller group for the benefit of the larger group you will keep getting elected Poor Denis getting abused like that.. suing everyone who sneezes in his direction, ruining careers. Awful abuse.

        2. Andy

          Yes, criticising broadsheet’s flavor of the month political party must mean they’re doing a great job. It couldn’t actually mean what it said i.e. they’re a bunch of spoofers who don’t know what they’re talking about and won’t make any specific claims outside of dail privilege.

          This is the level of childishness rampant in the electorate.

          1. some old queen

            There is wide scale disillusionment with the existing political parties at the moment, not that it was ever positive but what with Labour committing harikari over Irish Water, I think SD will turn out to be quite a force.

            Just wondering of you have any opinion on the dodgy dealings which have gone within IW Andy?

  9. some old queen

    I’m a dizzy queen sometimes. Is this after where 30 TD’s had to be gathered yesterday so elected business could continue?

  10. Shane

    Denis o Brien deserves a break. He is simply a business man using what he can to get ahead.
    If gov figures give him avenues to exploit then fair play to him.
    Making money isn’t easy and this guy is good at it.
    Look at the state of our weak willed gov if you fancy a witch hunt

  11. sǝɯǝɯʇɐpɐq

    Let me fix that for you Seamus…

    Ireland deserves a break from Denis o Brien . He is simply a business, using whatever cronies he can to get more money.
    If gov figures give him avenues to exploit then fair play to him. He, he, he…
    Making money is just too easy and this guy is taking the P155
    Look at the state of our so-called gov if you fancy meeting his mates.’

    You seem like a nice bloke.
    Very young, but nice…

  12. Anne

    Don’t you just love his statement in response too.. more threats.

    For the record, he fully endorses the principle of Dail privilege, just not when it’s about ‘untruths’ in relation to himself.. none of which he’s in a position to clear up… because of eh.. litigation that he’s continually engaged in. Go way out of it Denis, ya aul spoofer ya.

  13. Anne

    Someone tweeted this right after tweeting DOBs statement .. so I think it may be in relation to something about DOB… maybe about the USB fairy incident.

    “What is the difference between confidential information obtained illegally versus anonymously? Just wandering”

  14. Andy

    @
    some old queen

    I’ve no opinion on IW dodgy dealings. I’m not sure what you mean.

    I’m supportive of a single over arching water utility. I support pay by use as theoretically it should reduce taxes on higher earners as lower earners should have to pay more. However, taking on every single CoCo worker defeats the purpose. Then again, you can’t let go any public sector workers which is exactly what Scottish Water did to reduce costs (33% lower headcount within 5 years). If you meant performance related pay I’ve no problem with that. 40% of my pay is bonus.

  15. JC

    @Andy

    Interesting Andy that you justify some waffle about your parents being guarantor on your house or some other waffle snarf snarf, When you know full well if your parents had debts to the bank of Tens of Millions of Euro they wouldnt be allowed be guarantor. This is where the likes of slime like this man differ from yourself. Ordinary people do not get these sorts of breaks, they dont get right downs. It doesnt happen. Its one rule for some and a separate rule for others. These guys are never let ‘go to the wall’ specifically because of the breaks they get. Why was McKillen given 5 Million Euro to keep him in the position that he is accustomed to ?

    You Andy would be out on the street knocking around the Council Offices for a home.

    Laughable stuff really.

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