Yearly Archives: 2017
Turequiem
athttps://twitter.com/TheReal_JDavis/status/837301561500057605
Just some turkeys in Boston.
Circling a cat killed by a car.
Insert your own vulture fund reference.
Chopped
atCleaning Up
atVulture funds from top: Blacktree; Hammerson, Oaktree, Deutsche and Cerebrus
The big five.
They own you.
Play nice.
Via Tom Lyons in yesterday’s The Sunday Business Post:
Just five so-called vulture funds have acquired tens of thousands of loans from Irish borrowers with a par debt of €24.95 billion.
United States fund Cerberus, which is embroiled in the Project Eagle controversy, is by far the largest acquirer of debt from Nama. It has taken control of loans with a par value of €14.4 billion.
Oaktree comes in second having acquired loans with par debt of €3.9 billion followed by Deutsche Bank at €2.45 billion.
Dundrum Shopping Centre Hammerson Allianz is in fourth position, having bought loans primarily associated with the developer Joe O’Reilly with a par value of €2.4 billion.
Blackstone, which bought debts associated with the developer Michael O’Flynn is in fifth position, having taken control of loans with a par value of €1.8 billion.
Cerberus acquired its €14.4 billion of debt at an undisclosed total discount from Nama in just four deals.
Cerberus paid €1.6 billion for Project Eagle, a transaction which is now being investigated by various parties including the National Crime Agency in Britain.
Good times:
Casavettes – Limerick alternative upstarts
What you may need to know…
01. A pensive, post-hardcore take on the broad alternative/indie sound is offered up by Limrock upstarts Casavettes.
02. Emerging in the latter half of 2014, the band has steadily built up a presence in their home city with single Maybe Someday and extended-player The Difference and the Distance.
03. Streaming above is new single Reunion, released last week via the band’s Bandcamp, accompanied by sleepy b-side In April.
04. Catch them next on April 7th in Limerick, supporting Anna’s Anchor at the Loft venue in a full-band show, with Empty Lungs and Life Goals alongside them on the bill.
Thoughts: Dense in their heavier moments, and weighing heavy even in moments of relative levity, “evocative” might even be too stock a word for these lads.
Glasnevin Cemetery.
Sinn Féin deputy president Mary Lou McDonald attended the 6th annual Flowers for Magdalene event, a ceremony of remembrance for the women of the Magdalene Laundries, where she met survivors of the laundries, including Mary Merrit (pic 5), and their relatives.
The confirmation on Friday of the discovery of bodies buried at the former Mother and baby home Tuam County Galway, was raised during the ceremony.
Rollingnews
This Justin
atAh here.
AOR denied!
Frank O’Dea writes:
Spotted this instructions sign in the keyboard section of Powells Music Shop on Shop Street Galway….
From top: HSE’s Dr Cathal Morgan; Part of the Conal Devine report on foster child Grace.
You’ll recall the publication of the HSE-commissioned Conal Devine report last week in relation to an abusive foster home in the south-east of Ireland.
The report was completed in 2011 but wasn’t published until this week, with the HSE citing that they were prevented from doing so because of ongoing Garda investigations.
However, documents obtained by RTÉ’s This Week show the HSE only contacted the gardai about the publication of the report in 2015 – three years after it was completed.
Yesterday, This Week, prssenter Colm Ó Mongáin interviewed Head of Operations in the HSE’s Disability Service Dr Cathal Morgan in light of obtaining the documents under the FOI.
Colm Ó Mongáin: “I want to look at the interactions with the gardai. Most recently, on the 16th of November last year, Tony O’Brien [of the HSE] wrote to the Minister for Health and this was concerning the publication of the Conal Devine report. He said, ‘at times, such as this case, [this is the case of Grace], An Garda Siochana requires the HSE to postpone its internal investigations or to postpone the investigations of a report that could, in the view of An Garda Siochana, potentially prejudice ongoing investigations.
In the opening of the Conal Devine report, it says that the inquiry team met with investigating gardai on the 18th of March, 2011. The gardai stated they had no objection to the inquiry proceeding and completing its task in parallel with their investigation. Do you see any inconsistency between those two positions?
Dr Cathal Morgan: “Well, I think, the understanding is that the gardai, at all times, were stating that they had an ongoing criminal investigation and there was a couple of investigations going on. And, at the time, my understanding is, that they were reluctant to see any kind of other work going on whilst they were trying to under take their own investigations.”
O Mongain: “But as far as internal investigations within the HSE going, as early as 2011 [see portion of document above], when Conal Devine was carrying out his report. The gardai didn’t have an objection to his inquiry team carrying out their work. Correct?”
Morgan: “Correct.”
O Mongain: “OK, so when [HSE chief] Tony O’Brien assured the Minister for Health that, at times such as these, An Garda Siochana requires the HSE to postpone internal investigations, that doesn’t tally with what the Conal Devine report team says about March 2011?”
Morgan: “Well, yeah, I can only give you my understanding. My understanding is that the guards had very clear view that they wanted this to be carried out extremely carefully that they were very very clear, that they wanted to make sure that it didn’t interfere with their own processes, their criminal investigations were being carried out and which are still ongoing.”
O Mongain: “And when were the guards first contacted about the publication of the Conal Devine report?”
Morgan: “I don’t have the exact date here, to hand.”
O’Mongain: “Ok, well in a Freedom of Information request that was submitted by this programme, there was a list of interactions between the HSE and the gardai. And the first interaction with the HSE, to consult on the publication of the Conal Devine report, was the 6th of March, 2015 – over three years after it had been completed. It was also the day after the Public Accounts Committee was contacted with a protected disclosure by one of the whistleblowers. They were contacted on the 5th of March, 2015. And the first contact with the gardai is on the 6th of March, 2016 [sic]. Do you think there’s any connection between those two things?”
Morgan: “I don’t think so. I don’t believe there’s any conspiracy here…”
Later
O Mongain: “The garda investigations are also criticised in the Conal Devine report. Does it not seem strange that HSE, at local level, and gardai, at local level, were effectively being given a veto over a report that was into their conduct?”
Morgan: “Well, I think, my read of, the benefit of the Dignam report absolutely clarifies and there was a letter, as you know, that came from the Assistant Commissioner which said that the HSE were perfectly entitled to publish the report but they had to have due regard to the investigation and due process…”
O Mongain: “Well, yeah, that was from Assistant Commissioner Eugene Corcoran. He wrote to the Dignam…and this was on the 15th of July of last year. He said the position of An Garda Siochana, on the matter of publication, should at all times have been understood as being that no objection to publication arises in the circumstances where the interests of affected party and/or the overall public interest require it. In particular, no objection to publication arises in certain stances, where publication is necessary and appropriate to fulfil any or all obligations to the affected party.…”
Listen back in full here
Previously: Michal Noonan And Grace
‘Confidence In The Institutions Of The State Is In Unequivocal Jeopardy’
Our economy seems on the mend
So if you want the dark years to end
Then you and your spouse
As you save for a house
Must go shopping and spend spend spend spend.
John Moynes






























