This afternoon.
The AV Room, Houses of the Oireachtas
The Banking Inquiry committee (chaired by Ciaran Lynch, above) launches its report into the financial collapse.
The 375-page document has found politicians from all major parties were “complicit in backing financial plans which contributed to the crash”.
Full report here
More as we read it.
Watch live here
Meanwhile…
Exclusive extract from the #bankinginquiry pic.twitter.com/4AFpGc8k7k
— The Sliced Pan (@theslicedpan) January 27, 2016
RTÉ/Rollingnews
Sponsored Link
The watch live link goes to the nutella post
apt
Wipe left or right?
and what will happen? … nothing. Lowry’s walkin around the place, with the Taoiseach not ruling out bringing him in if FG are in power after the GE .. a man who was rumbled for flat out lying in a tribunal about his wrong doings. how this country is run is a complete and utter joke. It’s so futile to try change anything that I might actually just go egg the dail .. thats about the height of what you can do. infuriating.
Well
“Borrow”
Is a bit off
More of a “here help yerselves lads”
Opps
Wrong hanger
Twas meant for Camps
Mostly true.
But to be fair, financial regulation is a whole lot better now, it truly is. Trick is keeping the standards up…
HAHAHAHAHAHAHAHAHA Sliced Pan done gone and made a good funny!
Yes Stewie, now read your inquiry.
Accountability Irish style.
EVERYONE’S to blame, therefore no one is.
We all partied?
We all partied. Therefore no one did.
I’m quoting David McWilliams in today’s Indo, who paraphrases it well:
“…if banks make silly and greedy mistakes, then they should pay for them. Such is the iron law of capitalism. When you make bad investments, you lose. If someone else subsidises losses indefinitely and gives the bill for banks’ bad investments TO PEOPLE WHO HAD NOTHING TO DO WITH THOSE INVESTMENTS, then you are destroying the basic fabric of commerce.”
(My rage capitalisation)
FF marked out the hole, IMF held the gun pointed at FG, who were too scared to turn and hit them with the shovel (like the Greeks), Joe Taxpayer climbed in & meekly pulled the soil in over himself.
So it goes.
Mate seriously – read the report. The IMF were the good guys , they recommended burning. Focus your ire on ECB and the US treasury secretary
Oops sorry, hi Steve, wrong TLA* in my rant, thanks for intervening.
*3 Letter Abbreviation.
they are doing it all again trying to row back the central bank rules on mortgages!! its unbelievable!
Chapter 11 is well put together…mental reading though.We all partied , but the G7 and ECB made sure we put everything in the dishwasher and back in the kitchen presses.
Think it also shows it’s pretty unfair to blame labour for not being to follow through on their labour way or Frankfurt way. Stupid of labour to promise that in the first place.
Except of course that we didn’t all party.
Yeah I know, sorry, needed it to fit in with my dishwasher analogy . We need an inquiry into figuring out the exact % of irish taxpayers that actually partied.
Well, everysingle person benefited – free 3rd level education, increased social welfare & pensions, increased salaries both in the public & private sectors, lower income taxes, increased employment, increased capital investments (roads all over the place now), increased services.
Shame most of it was spent without any strategy but every single person living in ireland during the 1995-2007 period benefited in some way from the boom. Some more than others.
Many citizens saw very little tangible benefit from the boom, particularly those on low (or no) income and state pensioners. The knock-on effects of the house price mania saw the general cost of living soar at a rate far in excess of the increases in welfare payments. As for the new infrastructure – at what cost these new roads? At what cost the baubles and vanity projects? The banking crisis and the inept handling of it by the FF administration (mirrored in Act II by the present clowns) has created a debt burden on Irish citizens yet to be born. Did they party too?
At a recent water charges protest march, an activist speaker made the point that a child sitting their Junior Cert in this anniversary year will be 53 years old when the final installment of those loans is paid.
More to the point if people insist on seeing economic prosperity as a party we’re going to keep treating it as something that will naturally result n us blasting through it then suddenly waking up broke and hungover, rather than something sustainable with long-term benefits to everyone.
Remember years ago when the Belgian fire brigade came and hosed down their parliament buildings to, symbolically, wash away the corruption? Dail needs a good wash.
We the people can decide that.
Looking at you Tipperary North…
We most certainly are.
Ye have bin’ warned
I’ll be paying particular interest to both Alan Kelly’s and Michael Lowry’s tallies in the first count
If the No’ 1s are an’ting like last time
I’ll move down there meself and sort it.
Enda not ruling out needing Lowry makes Lowry the power player in Tipp North. If Enda needs him then he gets things for Tipp North. Voting for him, rather than Coonan (FG) or Kelly (Lab), means voting for someone who can actually deliver for the constituency parish pump style rather than just another back bencher or minister with a national agenda taking his focus.
It’s not how voting in a general election should work but it’s how voting in a general election works.
I will never, ever mourn or protest the closing of any hospital, school or public service in Tipperary. Those yokel cretins deserve the worst governance Dublin can throw at them.
I apreciate the sentiment, but that’s just going to perpetuate parish pump politics of that sort. Increase the sense that Dublin does not give a damn about you, so the cute hoor you send up better be cuter than a boxfull of puppies.
And Belgium fared fine without a Government for a while.
Maybe we could try that?
Bunch of prix report other bunch of prix are bunch of prize prix
Does anyone over 40 look healthy, in Ireland?
Ha, thought the same myself.
Also, not sure what the point of them all wearing suits if they are going to get them fitted like that.
And the shoes!
(Genuinely not being sarcastic here).