The Joint Committee on Transport, Tourism and Sport continued with their hearings on strategies and governance of sport in Ireland with Sports minister Shane Ross and junior sports minister Patrick O’Donovan.
Mr Ross, while replying to a question asked by Social Democrats TD Catherine Murphy, was interrupted by Mr O’Donovan to correct the record of events and throw former chairman John O’Mahony under a bus in relation to the decision on foot legal advice not to bring FAI CEO John Delaney in to face direct questioning regarding that €5m ‘Henry handball’ compensation payment.
“European Union regulators inadvertently sent confidential data to 13 of the world’s biggest lenders as part of an antitrust complaint in an investigation of the credit derivatives industry.”
“The European Commission said sensitive information was accidentally left in the documents by law firms representing companies in the probe. After the revelation was discovered, recipients including Goldman Sachs Group Inc. (GS) and JPMorgan Chast & Co. (JPM) were told they must promise to destroy the information without reading it.”
“The access was caused by mistakes committed by some members of IT departments of some law firms who represent companies in this investigation,” said Antoine Colombani, a spokesman for Joaquin Almunia, the EU’s antitrust chief. “The commission declines any responsibility if document owners” use inappropriate IT software to redact sensitive information, he said.”
Today is my last day at Goldman Sachs. After almost 12 years at the firm — first as a summer intern while at Stanford, then in New York for 10 years, and now in London — I believe I have worked here long enough to understand the trajectory of its culture, its people and its identity. And I can honestly say that the environment now is as toxic and destructive as I have ever seen it.
Confirmation from Bloomberg about the deal Greece did with Goldman Sachs in 2001. Former Fine Gael-appointed Attorney General Peter Sutherland, a vocal opponent of burning the bondholders, has been chairman of Goldman Sachs International since 1995
On the day the 2001 deal was struck, the government owed the bank about 600 million euros ($793 million) more than the 2.8 billion euros it borrowed, said Spyros Papanicolaou, who took over the country’s debt-management agency in 2005.
By then, the price of the transaction, a derivative that disguised the loan and that Goldman Sachs persuaded Greece not to test with competitors, had almost doubled to 5.1 billion euros, he said.
Papanicolaou and his predecessor, Christoforos Sardelis, revealing details for the first time of a contract that helped Greece mask its growing sovereign debt to meet European Union requirements, said the country didn’t understand what it was buying and was ill-equipped to judge the risks or costs.