Songs include ‘Send in The Clowns’.
Author Archives: Aaron McAllorum
And a packet of king-size Rizla, please.
httpv://www.youtube.com/watch?v=RuE4bzBaum4
It’s a damn close run thing. Eiregeddon’s Dame Vera Lynn (tonight)…
And ‘The Pride of Kylemore’ in the delivery room.
You go, girls, etc.
Mary Byrne Shines On X Factor Show 2 (STV)
Little Red Devils: Irish Setter And Her Litter Of The Century (Irish Times)
Irish Setter Delivers 18-pup ‘Litter of the Century’ (Local.de)
German Owner Of Kylemore Invited To Galway (Galway Bay FM)
[UPDATE: Wait till Mary gets going and then start clicking slowly thorough the Squee Gallery, two posts down. It’s a whole other experience.]
Yup.
Like yours.
Utterly shit.
“It works in the gallery but you won’t get a signal in the rest of the building,” a Charlemont House source told Broadsheet, forlornly.
Nerdegeddon?
But who is he really?
You mean, apart from being a very naughty boy, the dumbest guy in the room and quite the dandy?
Yes. Yes.
Tiernan O’Mahoney was the former Anglo Irish Bank chief operations officer. When he lost out to David Drumm for the top job in 2005 he left Anglo to found a new company, called International Securities Trading Corporation (ISTC).
Their pitch?
“There is only one objective of International Securities Trading and that is to make money’‘, said O’Mahoney. “This is unashamed capitalism. There is no debating the issue. This is about making money. When John Teeling taught me in college he used to say, ‘make money’. I still live by that principle, We’ll do €3 billion to €4 billion over the next few years.”
Sounds promising.
The cash lost in the investment disaster that is Dublin specialist lender International Securities Trading Corporation (ISTC) is unprecedented on an Irish scale – it’s the largest ever Irish corporate cash loss. International banks, bondholders and investors have been left nursing losses of €820 million.
Oh.
(source: politicalworld.ie)
Guido Fawkes found some Anglo documents.
“The fraud comes from overstating the DIBOR base rate on which customer’s loans were calculated. DIBOR is the Dublin Interbank Offered Rate calculated and was published daily like LIBOR, it was set in stone and used by all Irish banks as the basis for settlement of trades and financial transactions before they joined the Euro.
Essentially Anglo-Irish lied to customers as to what that the real base rate was by adding between 1/4% to 1/3% to the official underlying rate, then they added the usual banker’s spread that they will have agreed contractually with their corporate customers.
Guido’s source says that inside Anglo-Irish the false rate quoted to borrowers was known internally as “TIBOR” after Tiernan O’Mahoney, the Director and Chief Operating Officer to whom Des Whyte, the treasury manager who prepared the figures, reported. Sources say that the “TIBOR” version of “DIBOR” was not used with sophisticated money market customers who would have queried the rate.
According to a source the fiddle continued throughout the late 90s into the early half of the decade as Anglo-Irish’s loan book grew on the back of the Celtic tiger. Customers could have been ripped off by as much €100 million.
