Brendan Grehan SC, defending Mr Whelan told Judge Martin Nolan that a matter has come to his attention which may jeopardise the trial in January or the trial going ahead at all.
(Sam Boal/Photocall Ireland)
(From left: Anglo’s David Drumm and Peter Fitzgerald in 2007)
Further to the Anglo tapes controversy.
The ‘lads’ respond:
Mr [John] Bowe [Anglo senior manager] has told RTÉ he categorically denied the allegation that he was, directly or indirectly, a participant in misleading the Central Bank of Ireland in September 2008.
He said the talks with the Central Bank focused on obtaining funding for Anglo to allow it continue on an interim basis pending a more stable market, when the bank would be able to re-establish other funding sources and repay the emergency finance.
…Mr Bowe also pointed out that the phone call was three days after Lehman Brothers filed for bankruptcy, and therefore took place during a “period of severe and unprecedented market dislocation”.
In a statement to RTÉ, Mr [Peter] FitzGerald [Anglo senior manager] said he was not a member of the bank’s executive management board in 2008 and was not involved in discussions regarding Anglo’s funding position with the Central Bank.He also stated he was never aware of any strategy to mislead the authorities in relation the Anglo’s funding position.
Earlier: To Cut A Long Story Short
Recorded in the run up to the bank guarantee.
A mere fragment of a transcript of a conversation between Anglo Irish Bank senior managers John Bowe and Peter Fitzgerald from September 2008 revealed by Paul Williams in today’s Irish Independent.
This exchanges (above) occurred following a meeting between the bank and the Financial Regulator’s office at the Central Bank to assess Anglo’s bad debt exposure.
Mr Bowe is asked by Mr Fitzgerald how they had come up with the figure of €7bn.
“Just, as Drummer (then-CEO David Drumm) would say, ‘picked it out of my arse‘.”
(Laura Hutton/Photocall Ireland)
‘Zionists engineered global financial holocaust’
Graffiti on the Anglo shell on the quays, Dublin, today.
Thanks Neil Pope
(Sam Boal/Photocall Ireland)
90 metres, bow to stern. On the river Liffey, minutes ago.
Aleesha Tully writes:
Maltese Super Yacht the ‘Lauren L‘, cruising past the Anglo shell. How poetic.
Philip Boucher-Hayes tweetz:
“The Anglo Irish Abortion pens sent to RTÉ.”
More as we get it.
Citixenx writes:
“Hundreds of IBRC staff attend IBOA meeting right now.”
Meanwhile
Update:
Anon writes:
Hi, I am a staff member at IBRC. I am sending you the below information regarding the staff grievances. Please feel free to reproduce.
In September 2011 an agreed redundancy package was signed off by the Bank and Government (with the input and agreement of the IBOA).
The headline terms of this redundancy package were four weeks’ base pay per year of service (inclusive of statutory redundancy entitlement);
It is envisaged that the above terms will apply in respect of redundancies made by the Bank over the next 5 years, subject to an annual review and on the basis that there is no unforeseen budgetary deterioration.
In the event that compulsory redundancies become necessary, it is proposed that the terms set out above will apply to any such redundancies.
As part of this package there were limitations around the areas within the Bank which were restricted from applying for this package as certain areas were seen as critical to the wind down programme for the Bank.
My department, which manages the loans was excluded. However, We took comfort from the clause which states that should compulsory redundancies be necessary that the terms of the voluntary redundancy scheme would apply.
Also Based on anecdotal evidence it looks like the State does not want IBRC losing critical people at this point. They will discard staff when they need to.
Please also see (below) a response from a recruitment agent to staff member at IBRC. Names have been removed:
Subject: RE: Job Application: BUSINESS ANALYST Applicant Name: . Your Ref:
Hi
Unfortunately the role you have applied for is with AIB and they will not accept any CV’s from us at the moment from IBRC employees.
Maybe you could apply direct.
The Government is obliged to cut the deficit by €3.1 billion in 2014 and €2 billion in 2015, a total of €5.1 billion. Following the arrangement with the ECB to replace the promissory notes with long-term bonds, the Government believes it has scope to reduce the €5.1 billion by €1 billion in the two years.
Minister for Social Protection Joan Burton made a play in a Dáil debate last week to start using the proceeds from the deal this year, saying there was “a limit beyond which additional austerity becomes counterproductive”. Such remarks were very poorly received in troika circles.
“This doesn’t go down at all well,” said a European source in Brussels familiar with the rescue programme. “It doesn’t send the right signal to the other member states.”
Although Minister for Transport Leo Varadkar took an opposing view to Ms Burton in the Dáil debate, Tánaiste Eamon Gilmore said on Friday the deal will bring “a tangible benefit for people” in the next budget.
Keeping schtum. It was all you had to do. But nooooo….
(Sasko Lazarov/Photocall Ireland)
