Former Secretary General of the Department of Finance Kevin Cardiff arriving at the Banking Inquiry this morning
#bankinginquiry Kevin Cardiff says Taois. Cowen had made his mind up on a guarantee long before the night it was signed off on
— Fergal Keane (@fergalrte) June 18, 2015
Cardiff on Cowen; “it would be a lie to say I never heard the Taoiseach say the F word” Rare levity at #bankinginquiry — Jonathan Healy (@jonathanhealy) June 18, 2015
Cardiff says that in Sept 2008, Dermot Desmond told John Hurley, CB governor, that we might need a guarantee #bankinginquiry
— McConnellDaniel (@McConnellDaniel) June 18, 2015
Cardiff says Gillian Bowler of Irish Life and Permanent was asking for guarantee #bankinginquiry — McConnellDaniel (@McConnellDaniel) June 18, 2015
Dermot Desmond advised the Central Bank that Ireland should introduce a bank guarantee, Kevin Cardiff told #bankinginquiry
— David Murphy (@davidmurphyRTE) June 18, 2015
Cardiff: ECB boss Trichet said save your banks he did not say guarantee your banks #bankinginquiry — David Murphy (@davidmurphyRTE) June 18, 2015
In addition, RTÉ reports:
“Mr Cardiff said several people, including Sean FitzPatrick, Dermot Desmond, and Charlie McCreevy, suggested the introduction of a guarantee some months beforehand. At the end of April 2008, Mr FitzPatrick, then Anglo chairman, suggested some form of guarantee to John Hurley. Around a week later, an individual noted as DD also suggested a broad guarantee. He could not recall whom.”
Inquiry hears Ireland was pushed quite hard into bailout (RTÉ)
Watch the proceedings live here
Read Mr Cardiff’s opening statement in full here
I clearly remember (but can’t seem to find it, haven’t looked in a while) the Sindo reporting that both Desmond and McManus were present the night of the guarantee. So why were they there and what bonds did they own? Junior subordinated debts stood to be totally wiped out It’s narrow-minded strokery Cowan was up to, just with big numbers.
The Independent.ie site replies with a 404 page for the original link – but I quoted from it at the time:
http://www.thepropertypin.com/viewtopic.php?f=4&t=29683&p=376833
Subsequent posts in that thread quoted more of the article with the names of those “dropping in for a chat”.
NamaWineLake also had a post on the timeline and people involved:
https://namawinelake.wordpress.com/2011/09/30/conspiracy-probably-not/
Dermot Desmond, JP McManus and Charlie McCreevy all chipping in – and so was, as I stated in the comments section of that NWL post,…. [REDACTED]!
Cheers WGU
“an individual noted as DD”
Daredevil?!
Danny Dyer.
Sort yar faarccking bainks aayt, you caaants!
and then buy him a suit that fits!
I just think of Peter Griffin every time I see him.