“Employee numbers and revenues have doubled” at Siteserv since [REDACTED] bought it.
True, that contract from his buddy, Phil Hogan, to install water meters has been very lucrative.
According to the Moriarty Tribunal, [REDACTED] has form in shady dealings when it comes to the Irish state, represented by FG ministers, selling assets to [REDACTED]
McKay
Nothing to see here now. Move along. Go back to your homes and places of business. Bloody gobshites.
phil
Ohhh I see what he did there, I just expressed an interest in the purchase, if my subjects got a little excited and possibly strayed outside good practice in order to please me , well then I can understand the current confusion , I dont actually give them directions, they know what I like and want … but the jobs jobs jobs…
ahjayzis
Is it an automatic thing that Denis O’Brien gets filtered to [REDACTED]?
I love it, It’s like his Broadsheet pen name!
Joe the Lion
If it was automatic then [REDACTED] would get filtered to Denis O’Brien?
Personally I think it is Soundings little joke. Oh what a rum card that Soundings is wha!
Steve
I know the opposition are trying to make something of this coz they realise the economy is gonna help the gov return to power and thy have sweet f@&k all else. Anyway 90% of the electorate haven’t got a notion of this ibrc siteserve matter so it ain’t gonna affect polling.
@bodger/ admin what’s the problem here anyway.How is the government/DoF at fault for raising concerns/asking IBRC questions on the sale of Anglo assets. DoF not asking questions during the noughties is one of the reasons why we are where we are in the first place.
DoF should be commended. And the opposition trying to turn this something to beat the government up with is laughable.
lol “the opposition” – you sound very suspicious indeed. Good luck sticking up for the dept of financial parasites, im sure that will be beneficial to your already robust credit rating.
Odis
“And the opposition trying to turn this something to beat the government up with is laughable” – so why aren’t I laughing?
Steve
I get the whole anti Denis o Brien thing. Go for it…don’t really care. It’s obvious that some broadsheet contributors didn’t get offered a full-Time job in the Indo after doing a iobbridge there and wanna take it out on the owner :) Fire ahead.
My point was Mary lou , Martin, et al shouting yday in the dail that the government needed to answer for the actions of ibrc, is a bit stupid. This issue at hand is whether the sale was good for the taxpayer. Either way, I don’t see how government can be blamed for the actions of ibrc.
One last thing about DOB , I don’t know the man, and I don’t care to defend him or slag him. But I do find I funny that some of the people harassing meter installers with posters of DOB were probably delighted with him when he forked up some money to bring MON/keano into Ireland management or Jonny sexton back to Leinster.
You could stick that in a morrissete song about irony.
Freia
Well, you’ve got the I(N)M patter down to a tee! Good boy.
yea but no one would listen to it because its a pile is sh*t
yrtnuocecnareviled
People love bread and circuses.
Drogg
Of course the government had nothing to do with the ibrc deal, its not like former head of FG Alan Dukes was the head of ibrc at the time or that the government wasn’t informed of a write down of over 100 million for someone who already owed the banks vast fortunes or that the deal was done with for siteserv on the basis that it was already being promised the water contract by another FG minister even though they had no experience in that area and was a more expensive tender that has already gone over their budget. But you believe what you want about [REDACTED].
Steve
But Alan dukes was appointed by Brian lenihan, a FF minister, in December 2008 to the board of Anglo…..2.5 years before FG got into power. Should have he being fired in 2011 after the election just coz he’s an ex FG leader??
Is the government to blame for ibrc not telling it about the writedown( if that is true)??
I’ll stick to my original point from above, I’m not saying this deal was or was done in the best interests of the taxpayer but you can’t blame the government for the actions of ibrc.
Steve either youre purposely omitting huge facts or youre actually suffering from some sort of dementia. It really doesnt matter which badge they are wearing, politicians in power atm are using their authority to steal millions if not billions from hard working tax payers. This is the last message im replying to as you are full of sh*t. Take care now
Steve
Jaysis ye really went for it there. Full scale tin hat. My advice jimmy would be to take this anger about politicians into the polling booth next year.
Drogg
Actually Steve he should have been fired as it was a conflict of interest him being in that position while FG are in government and yes the government is supposed to be informed of any deals over 100 million involving ibrc but you are the business head you should know this. And finally the deal was not in the best interest of the taxpayer we gave a business man in massive debt a cheap sale of a massive company for less then others where offering the gave him a huge contract for meter installation for more money then anyone else was asking, so how is this good for the taxpayer?
Steve
As I say below drogg you might be fully right about deal. But would hate to jump to conclusions before report is published end of summer. Anyway government can’t win. If kpmg does find wrong doings then it should bring government down and prosecutions for ibrc. If kpmg find nothing wrong media will be reporting a stitch up.
Lilly
Steve, unless you’re a complete idiot you’ll know in advance that the report is not an independent one and therefore not worth the paper it will be written on. Would you also have appointed Graham Dwyer judge in his own trial?
Fergus the magic postman
I hear you. The Government don’t have to answer to anybody on this because they’re great. The DoF is great. Denis O’ Brien provides funds to FAI & so should so shouldn’t be held accountable for anything either.
Bit of a change in the weather today. A little bit shillier than yesterday.
Siju Cat
Bit of a change in the weather today. A little bit shillier than yesterday.
Hats off sir – beautiful turn of phrase.
Joe the Lion
No you couldn’t. It’s nothing at all at all like getting a free ride (when you’ve already paid).
Who would have thought? (It figures).
FYI
The lyrics present several situations which are said to be “ironic”, which has led to debates about whether any of them fit the accepted meaning of irony.
Comedian Ed Byrne performed a skit in which he jokingly attacked the song for its lack of ironies: “The only ironic thing about that song is it’s called ‘Ironic’ and it’s written by a woman who doesn’t know what irony is. That’s quite ironic.”
No Steve. People saw right through the Rugby and soccer strokes. Give the citizenry some credit.
ionabike
Nothing laughable about your shilling unfortunately
Steve
I love all these seemingly witty one liner retorts that intend to convey a higher level of understanding / sense of comedy when actually you can’t actually respond with reasoned / fact based debate.
Actually actually actually… Jesus steve we might have to get your team leader involved if your grammar gets any worse, just stick to the approved sheet of messages you can post ok?
Fergus the magic postman
Like you’re full of facts yourself.
Freia
How’s that affair coming along, Steve? With the blonde?
Joe the Lion
Get your understanding of song meanings right first buddy – then we can talk, ok?
Focus on the important stuff.
ionabike
Sorry, I have a job. One that doesn’t involve shilling.
Atticus
What’s wrong?
How about paying €5 million to the shareholders of a company that owed the Irish State €100 million for starters?
“Employee numbers and revenues have doubled” …because of the IW contract Dinish….. it’s what went on before that needs looking at. Ya spanner.
Sam
Now, now, it’s not for the likes of us to set the terms of the inquiries. I’m sure they’ll be set in such a way as to get to the full and unvarnished truth and hold people accountable in the fine tradition of previous such inquiries.
You’d be hard pressed to find a business that couldn’t turn it’s poo around after being gifted a free 100 million euro.
Steve
Methinks you fail to understand finance. It’s good to debate these things but better to debate them with facts.
Sitererv owed around 150m to ibrc but was bought for around 45 thereby leaving the taxpayer at a loss off 100m. 100m was not handed over by ibrc to Denis o briens company
No, Ahjaysiz is on about the worth of the IW contract….. which to some onlookers was handed to Dinish…. and to be fair, until all that redacted crap is gone, there’s nothing to say that that is the wrong view, no one knows…. that’s why there be an investigation Ted.
Disgruntled Goat
And where do you think that debt came from? That money was lent to SiteServ to purchase assets which at some point must have been worth close to or in excess of the that amount. You know the assets that Millington got for a fraction of that price thanks to a gift from the taxpayers. The logic is not strong with this one…
Steve
But assets increase and decrease in value over time?? They were once worth 150m and then they were worth 45m. Purchasing assets from the State at a value less than original purchase price is not the taxpayer gifting DOB 100m. It’s just capitalism…crap…I know.
ionabike
What is it with FG shill bots and the whole passive/aggressive malarkey?
Ah now lads come on, hes just an honest Joe trying to earn a buck in this crazy old world.
Is hanging for treason still a thing?
TheDude
How about we have a little look-see at the water meter tender process while we are at it?
Tá Frilly Keane
Is he getting set to stitch up some Fine Girl Ya Are has-beens?
Like the lads that’ll be of no use ta’im after the General……..
brytothey
I thought the Walter Hobbs interview on Prime Time last night was the most concise account of what happened so far. It was a complicated sale, but he answered everything in a lot of detail. Had Catherine Murphy totally flustered afterwards.
Unreconstructed
Not true. What he didn’t explain was why they needed to sell Siteserv in such a hurry. Why the speed? At the time IBRC was expected to be in place until 2020 (iirc). Why were “terms and conditions” such a big deal as regards the other bidders? IBRC had a mandate to get the best price for distressed assets, not sell them in the easiest way possible, at speed.
It is easy to be taken in by spin spoken in a confident manner…
brytothey
According to your man:
a) Siteserv was going down the tubes, hence the need for speed. Plus the French company wanted an extra 8 weeks, so if they pulled their bid at the last minute, they’d also have lost the O’Brian bid. Impossible to know if that is true until it is examined in detail of course.
b) The terms and conditions and complexity of the other bids meant that the simple 45 million bid was actually the best and worth the most and the easiest to implement etc etc. Impossible to know if that is true until someone examines and defends the other bids of course.
“It is easy to be taken in by spin spoken in a confident manner…”
Yeah, I’m not taking his word for it. But I’m not discounting the possibility that maybe, just maybe, he might be telling the truth either.
I said it was the most concise account of what happened so far, which it is.
Of course, there’s more questions. If the interview was an extra hour we might of got them. I think we’re all going to be bored to tears of the detail that’ll come out of this of the next few months.
Primetime will never be a good moral compass. All they want is a quick scandal they cant be sued for, facts shmacts.
Unreconstructed
He also bought a mobile phone license if I remember correctly, paying all the right people.
Drogg
Whats with all the [REDACTED] fanboys on here [REDACTED] themselves over another obviously [REDACTED] deal with [REDACTED]. I am really trying hard not to go full Godwins law on [REDACTED] comments this morn. Maybe we should be glad we have a billionaire tax [REDACTED] who also controls a far to high percentage of our media and has obvious ties to [REDACTED] that have benefited [REDACTED] ridiculously. Sure why would we want a fair and just society when these suit and tie wearing subservients can make a few coppers off whatever [REDACTED] deal that [REDACTED] is making.
Atticus
Was funny listening to Vincent Browne talking about this last night. He was trying his very best not to get himself trouble by offending his glorious leader.
Steves been a bit sloppy since he got his bonus and blew it all in one night on cab-sav and sniff
Truth in the News
The rot festered on from Anglo Irish into IBRC, who put Dukes in charge
then the write off 100 million from a company that ends up in hands of Dennis
O’Brien, that then gets the contract for installing water meters by a State owned
company, there is something rotten at the center of this Government, incidently
why was 5 million given to the previous owners of Siteserve to walk away with. There have been 10’s of thousands already on the streets about the Water
Tax, there will be 100 of thousands if not a million.
Rise up, you have nothing to loose but your Blueshirt….Hairshirt.
Lilly
The Government seem to have one default response when called to account. They attempt to take the heat off by commissioning (or promising) a report, buy some time, fob the electorate off after some time has passed with said ‘report’ compiled by their cronies and keep bleating about economic recovery. It gets old.
Sounds legit.
“Employee numbers and revenues have doubled” at Siteserv since [REDACTED] bought it.
True, that contract from his buddy, Phil Hogan, to install water meters has been very lucrative.
According to the Moriarty Tribunal, [REDACTED] has form in shady dealings when it comes to the Irish state, represented by FG ministers, selling assets to [REDACTED]
Nothing to see here now. Move along. Go back to your homes and places of business. Bloody gobshites.
Ohhh I see what he did there, I just expressed an interest in the purchase, if my subjects got a little excited and possibly strayed outside good practice in order to please me , well then I can understand the current confusion , I dont actually give them directions, they know what I like and want … but the jobs jobs jobs…
Is it an automatic thing that Denis O’Brien gets filtered to [REDACTED]?
I love it, It’s like his Broadsheet pen name!
If it was automatic then [REDACTED] would get filtered to Denis O’Brien?
Personally I think it is Soundings little joke. Oh what a rum card that Soundings is wha!
I know the opposition are trying to make something of this coz they realise the economy is gonna help the gov return to power and thy have sweet f@&k all else. Anyway 90% of the electorate haven’t got a notion of this ibrc siteserve matter so it ain’t gonna affect polling.
@bodger/ admin what’s the problem here anyway.How is the government/DoF at fault for raising concerns/asking IBRC questions on the sale of Anglo assets. DoF not asking questions during the noughties is one of the reasons why we are where we are in the first place.
DoF should be commended. And the opposition trying to turn this something to beat the government up with is laughable.
Cronyism is dead, Long live cronyism !
lol “the opposition” – you sound very suspicious indeed. Good luck sticking up for the dept of financial parasites, im sure that will be beneficial to your already robust credit rating.
“And the opposition trying to turn this something to beat the government up with is laughable” – so why aren’t I laughing?
I get the whole anti Denis o Brien thing. Go for it…don’t really care. It’s obvious that some broadsheet contributors didn’t get offered a full-Time job in the Indo after doing a iobbridge there and wanna take it out on the owner :) Fire ahead.
My point was Mary lou , Martin, et al shouting yday in the dail that the government needed to answer for the actions of ibrc, is a bit stupid. This issue at hand is whether the sale was good for the taxpayer. Either way, I don’t see how government can be blamed for the actions of ibrc.
One last thing about DOB , I don’t know the man, and I don’t care to defend him or slag him. But I do find I funny that some of the people harassing meter installers with posters of DOB were probably delighted with him when he forked up some money to bring MON/keano into Ireland management or Jonny sexton back to Leinster.
You could stick that in a morrissete song about irony.
Well, you’ve got the I(N)M patter down to a tee! Good boy.
yea but no one would listen to it because its a pile is sh*t
People love bread and circuses.
Of course the government had nothing to do with the ibrc deal, its not like former head of FG Alan Dukes was the head of ibrc at the time or that the government wasn’t informed of a write down of over 100 million for someone who already owed the banks vast fortunes or that the deal was done with for siteserv on the basis that it was already being promised the water contract by another FG minister even though they had no experience in that area and was a more expensive tender that has already gone over their budget. But you believe what you want about [REDACTED].
But Alan dukes was appointed by Brian lenihan, a FF minister, in December 2008 to the board of Anglo…..2.5 years before FG got into power. Should have he being fired in 2011 after the election just coz he’s an ex FG leader??
Is the government to blame for ibrc not telling it about the writedown( if that is true)??
I’ll stick to my original point from above, I’m not saying this deal was or was done in the best interests of the taxpayer but you can’t blame the government for the actions of ibrc.
Steve either youre purposely omitting huge facts or youre actually suffering from some sort of dementia. It really doesnt matter which badge they are wearing, politicians in power atm are using their authority to steal millions if not billions from hard working tax payers. This is the last message im replying to as you are full of sh*t. Take care now
Jaysis ye really went for it there. Full scale tin hat. My advice jimmy would be to take this anger about politicians into the polling booth next year.
Actually Steve he should have been fired as it was a conflict of interest him being in that position while FG are in government and yes the government is supposed to be informed of any deals over 100 million involving ibrc but you are the business head you should know this. And finally the deal was not in the best interest of the taxpayer we gave a business man in massive debt a cheap sale of a massive company for less then others where offering the gave him a huge contract for meter installation for more money then anyone else was asking, so how is this good for the taxpayer?
As I say below drogg you might be fully right about deal. But would hate to jump to conclusions before report is published end of summer. Anyway government can’t win. If kpmg does find wrong doings then it should bring government down and prosecutions for ibrc. If kpmg find nothing wrong media will be reporting a stitch up.
Steve, unless you’re a complete idiot you’ll know in advance that the report is not an independent one and therefore not worth the paper it will be written on. Would you also have appointed Graham Dwyer judge in his own trial?
I hear you. The Government don’t have to answer to anybody on this because they’re great. The DoF is great. Denis O’ Brien provides funds to FAI & so should so shouldn’t be held accountable for anything either.
Bit of a change in the weather today. A little bit shillier than yesterday.
Bit of a change in the weather today. A little bit shillier than yesterday.
Hats off sir – beautiful turn of phrase.
No you couldn’t. It’s nothing at all at all like getting a free ride (when you’ve already paid).
Who would have thought? (It figures).
FYI
The lyrics present several situations which are said to be “ironic”, which has led to debates about whether any of them fit the accepted meaning of irony.
Comedian Ed Byrne performed a skit in which he jokingly attacked the song for its lack of ironies: “The only ironic thing about that song is it’s called ‘Ironic’ and it’s written by a woman who doesn’t know what irony is. That’s quite ironic.”
http://en.wikipedia.org/wiki/Ironic_(song)
No Steve. People saw right through the Rugby and soccer strokes. Give the citizenry some credit.
Nothing laughable about your shilling unfortunately
I love all these seemingly witty one liner retorts that intend to convey a higher level of understanding / sense of comedy when actually you can’t actually respond with reasoned / fact based debate.
Actually actually actually… Jesus steve we might have to get your team leader involved if your grammar gets any worse, just stick to the approved sheet of messages you can post ok?
Like you’re full of facts yourself.
How’s that affair coming along, Steve? With the blonde?
Get your understanding of song meanings right first buddy – then we can talk, ok?
Focus on the important stuff.
Sorry, I have a job. One that doesn’t involve shilling.
What’s wrong?
How about paying €5 million to the shareholders of a company that owed the Irish State €100 million for starters?
Ah, so this is what astroturfing is!
“Employee numbers and revenues have doubled” …because of the IW contract Dinish….. it’s what went on before that needs looking at. Ya spanner.
Now, now, it’s not for the likes of us to set the terms of the inquiries. I’m sure they’ll be set in such a way as to get to the full and unvarnished truth and hold people accountable in the fine tradition of previous such inquiries.
the sarcasm is strong with this one
I can hear light sabers rattling
Kids if your in collage nows the time to change to law you will be just in time to make a 100 million on the new tribunal.
Cool, didnt think a collage would be worth so much but thats art for ya!
God dammit why isn’t there an edit feature.
Well this eejit, features here daily.
And this eejit
You’d be hard pressed to find a business that couldn’t turn it’s poo around after being gifted a free 100 million euro.
Methinks you fail to understand finance. It’s good to debate these things but better to debate them with facts.
Sitererv owed around 150m to ibrc but was bought for around 45 thereby leaving the taxpayer at a loss off 100m. 100m was not handed over by ibrc to Denis o briens company
Methinks you are a ruddy obscurant.
No, Ahjaysiz is on about the worth of the IW contract….. which to some onlookers was handed to Dinish…. and to be fair, until all that redacted crap is gone, there’s nothing to say that that is the wrong view, no one knows…. that’s why there be an investigation Ted.
And where do you think that debt came from? That money was lent to SiteServ to purchase assets which at some point must have been worth close to or in excess of the that amount. You know the assets that Millington got for a fraction of that price thanks to a gift from the taxpayers. The logic is not strong with this one…
But assets increase and decrease in value over time?? They were once worth 150m and then they were worth 45m. Purchasing assets from the State at a value less than original purchase price is not the taxpayer gifting DOB 100m. It’s just capitalism…crap…I know.
What is it with FG shill bots and the whole passive/aggressive malarkey?
Precisely !
And there’s Dinish doing it anyway on national radio, as if the sun was shining out his hoop !
how could FG be so stupid to let this happen again and again…what does voldemort have on them ?
I suspect it’s as simple as the continued allure of the (untraceable) brown paper bag.
Ah now lads come on, hes just an honest Joe trying to earn a buck in this crazy old world.
Is hanging for treason still a thing?
How about we have a little look-see at the water meter tender process while we are at it?
Is he getting set to stitch up some Fine Girl Ya Are has-beens?
Like the lads that’ll be of no use ta’im after the General……..
I thought the Walter Hobbs interview on Prime Time last night was the most concise account of what happened so far. It was a complicated sale, but he answered everything in a lot of detail. Had Catherine Murphy totally flustered afterwards.
Not true. What he didn’t explain was why they needed to sell Siteserv in such a hurry. Why the speed? At the time IBRC was expected to be in place until 2020 (iirc). Why were “terms and conditions” such a big deal as regards the other bidders? IBRC had a mandate to get the best price for distressed assets, not sell them in the easiest way possible, at speed.
It is easy to be taken in by spin spoken in a confident manner…
According to your man:
a) Siteserv was going down the tubes, hence the need for speed. Plus the French company wanted an extra 8 weeks, so if they pulled their bid at the last minute, they’d also have lost the O’Brian bid. Impossible to know if that is true until it is examined in detail of course.
b) The terms and conditions and complexity of the other bids meant that the simple 45 million bid was actually the best and worth the most and the easiest to implement etc etc. Impossible to know if that is true until someone examines and defends the other bids of course.
“It is easy to be taken in by spin spoken in a confident manner…”
Yeah, I’m not taking his word for it. But I’m not discounting the possibility that maybe, just maybe, he might be telling the truth either.
I said it was the most concise account of what happened so far, which it is.
Of course, there’s more questions. If the interview was an extra hour we might of got them. I think we’re all going to be bored to tears of the detail that’ll come out of this of the next few months.
You just got suckered, pal.
Why?
Primetime will never be a good moral compass. All they want is a quick scandal they cant be sued for, facts shmacts.
He also bought a mobile phone license if I remember correctly, paying all the right people.
Whats with all the [REDACTED] fanboys on here [REDACTED] themselves over another obviously [REDACTED] deal with [REDACTED]. I am really trying hard not to go full Godwins law on [REDACTED] comments this morn. Maybe we should be glad we have a billionaire tax [REDACTED] who also controls a far to high percentage of our media and has obvious ties to [REDACTED] that have benefited [REDACTED] ridiculously. Sure why would we want a fair and just society when these suit and tie wearing subservients can make a few coppers off whatever [REDACTED] deal that [REDACTED] is making.
Was funny listening to Vincent Browne talking about this last night. He was trying his very best not to get himself trouble by offending his glorious leader.
Haha… yeah, he wasn’t as hyper active as usual when discussing issues around Siteserv I thought, ….minding his words, he was
“We need to come out schwinging in the morning, lads … Steve! Get off that X-box and start reading your script!”, a businessman, yesterday.
Steves been a bit sloppy since he got his bonus and blew it all in one night on cab-sav and sniff
The rot festered on from Anglo Irish into IBRC, who put Dukes in charge
then the write off 100 million from a company that ends up in hands of Dennis
O’Brien, that then gets the contract for installing water meters by a State owned
company, there is something rotten at the center of this Government, incidently
why was 5 million given to the previous owners of Siteserve to walk away with. There have been 10’s of thousands already on the streets about the Water
Tax, there will be 100 of thousands if not a million.
Rise up, you have nothing to loose but your Blueshirt….Hairshirt.
The Government seem to have one default response when called to account. They attempt to take the heat off by commissioning (or promising) a report, buy some time, fob the electorate off after some time has passed with said ‘report’ compiled by their cronies and keep bleating about economic recovery. It gets old.
Just like FF then
(that’s not a defence of the current shower)
Like chum to the piranhas.
Ooops that was my tech conscious one year who managed to po
….post that comment. Not sure what her point was!