Jonathan Sugarman
And in Cork?
Jonathan Sugarman will be giving a free lecture in the room 1.07, in the Western Gateway Building at University College Cork.
At 6.30pm.
A year before the bank guarantee, the former executive at Unicredit Bank Ireland resigned after giving the Central Bank a detailed account of enormous liquidity breaches at his bank.
Readers will recall his appearance before the Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach on April 13.
More details about tonight’s lecture here
Previously: Thank You, Mr Sugarman
“I Have No Means. Thanks To Friends, I Can Feed Myself”
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An honest broker ignored by the powers that be.
In 10 years time people will say “and nobody listened to him?”
Terrible that no one listened to him but it’s hardly news, the financial regulator and the central bank were completely asleep at the wheel in 2007, this is another example of that.
Fair play to him for his integrity.
“the financial regulator and the central bank were completely asleep at the wheel in 2007”
It goes way beyond “being asleep at the wheel”, there was a willful disregard of the evidence which was presented to the regulators as is evidenced by the treatment of Mr Sugarman. The way this man has been treated is a disgrace and something ought to be done at an official level. I won’t hold my breath.
How was he treated? He quit his job, understandably, but who mistreated him?
The central bank did put out a statement on the Moncrieff show stating that they did investigate and that the liquidity breaches were overnight only. They used a third party to investigate also who found no major issues for the same reasons and also given that the bank is part of a wider group balance sheet exchanges would sometimes be delayed.
And this particular firm is in no way systemic to Ireland so of lower risk in any case.
That said a prompt rebuke from the regulator would have been desirable but this isn’t earth shattering news.
Lol, have you been asleep for the past decade and more?
And if you have, do you wanna buy my gaff?
600k, a steal.
Ouch. I bet that stung.
Nah, that was for comedic effect, didn’t really pay that much.
Lol, so how was he mistreated?
And what are we learning from this new information?
Apart from losing his career, his home, his identity and being denied an opportunity to make these wrongs public for nearly a decade, he wasn’t wronged at all.
+1 Tones
Tony, don’t know about you but I’ve come to dislike posters who just say “LoL” all the time – mostly when nothing remotely amusing has been said.
Sheikh,
That and then some.
you talking about realPolithick cos I agree and was doing it in response to him
But who wronged him?
The system man……
You can’t beat the system………
Good luck, Jonathan, hope your evening is a great success.
…OK Jonathon…a paragon of virtue…motives above question…font of probity and integrety…now is your moment so lets hear you…
It’s all in the surname, isn’t it.
Can’t help but think of this.
https://youtu.be/qyE9vFGKogs
Apt.
Great tune Mildred. Can tell you JS likes it as well :)
How can you tell?
Because it’s a damn good song.
The documentary is also a great watch.
It’s all good, Mildred, but how does TG know that JS likes it? This isn’t Facebook, you know.
Because we are friends. Simple really.
If we give you a list of other songs can you let us know if he likes them?
Personally, I like the new Charlatans single and * whisper it * I was pleasantly surprised by the Harry Styles one.
I’m still going in and out of Alice’s Restaurant. Can’t keep up with the new music.
How did you meet?
I jest.
It’s really incredible how people who are part of the system of fraud and deception in the banking industry will still come on here and try to undermine people like Sugarman who are clearly entirely innocent of any crime and simply tried to do the right thing.
There is a streak of criminality running through the banking system which is like the endemic criminality of tax evasion among Irish business owners that’s been going on for decades.
Nothing is ever done about it because they are all in the same bed with politicians, judges and solicitors.
WE are the fools.
What was it Andrew Jackson called bankers? A ‘nest of vipers’? He also said that if people knew what the banks were up to there’d be revolution by morning. So nothings changed with those scumbags. The people are STILL in the dark about the banks. The media is still complicit in covering for them as is the state. Well when the next crisis hits them there’ll be no bailouts and they’ll just steal the deposits. I think they just want ALL the money. Being able to print it out of thin air is not enough for these psychos.
People like Jonathan Sugarman are the only chance we have to prevent a repeat…but it’s like car crash TV, I can see it all spiralling out of control already. Regulators asleep at the wheel again too