Prime Time (w)Bankers

maxximus

The real culprits , not the public sector. How the fcuk neary et al are not in jail is shocking.

imme

it's all coming out now:eek:

Kristopherus

And F---ing Bertie egging them on :eek::eek::eek:

maxximus

Kristopherus wrote: »

And F---ing Bertie egging them on :eek::eek::eek:

Bertie is one nauseating cnut , he should be shot.

maxximus

ffs , this is shocking stuff , fingers fasttracking loans of millions to ff gangsters

Trotter

I'd like to think this programme would be a watershed in any country which would lead to resignations across the board, from banks to government. In another country, this programme would be followed by a general election.

But.. this is Ireland. I actually don't know what politicians would have to do to trigger widespread disgust of the kind that would trigger an election.

The stuff being released here is horrifying. The 0.5% at the top of our country have a completely different system of LIFE!

BobbyD10

I am going to say something short as a small maths equation:

Bertie Ahern = Muppet.

LowOdour

Bah, nothing will change. The boys club will continue, regardless of what is said here. Granted, there may be some stuff here that we didn't know about, but there was nothing done about the stuff we all knew about, which in itself was shocking enough

maxximus

LowOdour wrote: »

Bah, nothing will change. The boys club will continue, regardless of what is said here. Granted, there may be some stuff here that we didn't know about, but there was nothing done about the stuff we all knew about, which in itself was shocking enough

too true, unfortunately

Owen

That was pretty sickening to watch.

hmmm

That was the best Primetime I've seen in a long long time. On a technical point thankfully they have gotten rid of the shaky camera soft focus ****e.

The editing was great, sharp and to the point.

[-0-]

Jesus Christ that was intense. I'm so fcuking angry right now!

ei.sdraob

rotten, rotten to the core they are (and the system)
:mad:


and David McWilliams wants to invite more of these "bankers" here to Ireland

:rolleyes:

Arathorn

Shocking program, anyone who is struggling financially due to pay cuts, job losses etc must be seething..

ei.sdraob

[-0-] wrote: »

Jesus Christ that was intense. I'm so fcuking angry right now!

if you borrow €100 K its your problem

if you borrow €100 million ... its the taxpayers' problem

:cool:

Kristopherus

maxximus wrote: »

ffs , this is shocking stuff , fingers fasttracking loans of millions to ff gangsters

Now we know why Linehan was so quick to bail them out. Croneyism at its best :eek:

strathspey

Sorry, but that was a pathetic piece of investigative journalism. What was learnt from that ,that we didn't already know? Give me the Guardian newspaper anyday.

ei.sdraob

strathspey wrote: »

Sorry, but that was a pathetic piece of investigative journalism. What was learn from that that we didn't alraedy know. Give me the Guardian newspaper anyday.

I learned that Irish Nationwide is in more **** than I taught (alot more ****)

fricatus

That basatrd Fitzpatrick refusing to give an interview and coming across as all hurt - "don't I deserve a right to privacy?"

No you fcuking DON'T you arrogant fcuking TURD. We taxpayers will be paying for your hubris and your mistakes for 20 years. Hopefully we'll see you up in front of a judge soon, and then being led off in gang irons to spend the rest of your fcuking life behind bars like that other crook, Made-off.

I was hoping Oonagh Smyth would give him a little help down the concrete steps.

Basatrd!!! :mad:

imme

strathspey wrote: »

Sorry, but that was a pathetic piece of investigative journalism. What was learnt from that ,that we didn't already know? Give me the Guardian newspaper anyday.

it was a good encapsulation, a clear marker for the need for a Banking Crisis Investigation.

(Bertie with his suicide remark, ugh! vile person:mad:)

fricatus

strathspey wrote: »

Sorry, but that was a pathetic piece of investigative journalism. What was learnt from that ,that we didn't already know?

That three and four million-euro loans were being given to senators with nothing more than a leccy bill as documentation?

elius

Fooking joke them cnuts should be punished severly.. Its an absolute joke. One meal coasting 16k....
Fast track loans with out paper work even being submitted.
Im gobsmaked:eek::eek:

elius

strathspey wrote: »

Sorry, but that was a pathetic piece of investigative journalism. What was learnt from that ,that we didn't already know? Give me the Guardian newspaper anyday.

To be honest for the likes of me who found it hard to understand all this stuff i though it was fantastic. Simple and to the pointand minus the big word which i dont understand:p:p

francish

Neary, Ahern, & McGreavy anger me more than any banker. Neary in particular, there is something really wrong with a country that in one year cuts wages and social welfare and at the same time pays our over a €0.6m lump sum and a €140k pension to this idiot.

francish

imme wrote: »

it was a good encapsulation, a clear marker for the need for a Banking Crisis Investigation.

(Bertie with his suicide remark, ugh! vile person:mad:)

An investigation like the tribunals where no one goes to jail (excluing a couple of weaks)?

zootroid

The smugness of the people involved is really galling. Bertie, Cowen and McCreevy are such smug pricks who think they can do no wrong. They really irritate me.

The greed of bankers, idiotic and toothless regulators who get rewarded for their incompetence, and favourtism shown to politicians, all of this doesn't shock me. And that's a sad indictment of our society.

As someone outlined above, heads would roll (and not be paid off) in any other country. Just not in good old Ireland........

gally

McCreevy asks Fingers for 1.5million-no creditworthiness check!They gave him 1.6million!It was an informative programme.

doc_17

the suicide remark will be what I remember bertie for. Yet when he runs for the aras I bet he'll get it because we Irish are thick when it comes to demanding any sort of accountability. If the right wing media and boards had been as focused on the banks in the past 12 months as they were on public servants earning less than 30k then maybe the governemnt might have done something about those bsatrds who have wrecked our country. I'm sooooo angry right now

francish

gally wrote: »

McCreevy asks Fingers for 1.5million-no creditworthiness check!They gave him 1.6million!It was an informative programme.

What do people think of the significance of this information?

PeakOutput

hope this goes up on rte player soon sounds like it was a good watch

on the other hand no matter what is in it it dosnt change much

it dosnt mean the bail outs shouldnt have happened or the private sector people who were made redundant shouldnt have been, it dosnt mean ps pay cuts shouldnt have happened it just means we are learning more about what caused the mess

as someone else said on here anger and revenge towards bankers is not a policy that will save the country

PeakOutput

doc_17 wrote: »

maybe the governemnt might have done something about those bsatrds who have wrecked our country. I'm sooooo angry right now

and what would be the result of that? they might MIGHT go to jail or be prosecuted and fined for something, maybe.......then what our country would still be ****ed and everything thats happened in the mean time would still need to happen only it would have been 12months too late

zootroid

PeakOutput wrote: »

hope this goes up on rte player soon sounds like it was a good watch

on the other hand no matter what is in it it dosnt change much

it dosnt mean the bail outs shouldnt have happened or the private sector people who were made redundant shouldnt have been, it dosnt mean ps pay cuts shouldnt have happened it just means we are learning more about what caused the mess

as someone else said on here anger and revenge towards bankers is not a policy that will save the country

Well it might go some way to act as a deterrent so that it doesn't happen again. I'd certainly be in favour of bankers facing huge fines and possible jail time if it shows they broke the law. For instance, the 8 billion transfer between Anglo and Irish Life is definitely illegal, and so someone should be held to account

PeakOutput

zootroid wrote: »

Well it might go some way to act as a deterrent so that it doesn't happen again. I'd certainly be in favour of bankers facing huge fines and possible jail time if it shows they broke the law. For instance, the 8 billion transfer between Anglo and Irish Life is definitely illegal, and so someone should be held to account

ye and when the people charged with saving our country get time to worry about that im sure they will(maybe not this goverment but the next)

the time for revenge/justice is not now
thats not even to mention the fact that the gardai are investigating all this as we speak but because its not front page people think its not happening

cson

zootroid wrote: »

Well it might go some way to act as a deterrent so that it doesn't happen again. I'd certainly be in favour of bankers facing huge fines and possible jail time if it shows they broke the law. For instance, the 8 billion transfer between Anglo and Irish Life is definitely illegal, and so someone should be held to account

It's not an illegal transaction per se; it's the recording of it as a customer deposit by Anglo that's illegal. Now you can bet FitzPatrick will wash his hands of that charge onto a junior executive who signed off on it.

doc_17

PeakOutput wrote: »

and what would be the result of that? they might MIGHT go to jail or be prosecuted and fined for something, maybe.......then what our country would still be ****ed and everything thats happened in the mean time would still need to happen only it would have been 12months too late

The point of doing something is obvious enough I would have thought. If you let them away scot free with it then it sends a signal that bad behaviur is not punished so there is no fear, thus no reason for banks to stop engaging in disastrous policy. They are not one bit worried about the rest of us, as the recent pay rise they awarded themselves showed, while the rest of us in the public and private sector have had to take a pay CUT. Thats what they think of us. We're like something they step on and don't even bother to look at. Except when they need it cleaned off.

Banks depositing large amounts in each others accounts to enhance balance sheets? Banks handing out loans to politicians willy nilly? Instructions from the Central Bank being ignored? These guys not paying the interest on their loans which means we will have to pay for it? Anger alone will get us nowhere, but a wee bit of reform wouldn't hurt either would it?

Are you saying we should move on and do nothing? You must be one of them!!!!

stepbar

The prime time programme will probably be, in time, one of the most defining programmes in Irish history. Nothing really suprised me tonight, as it focused primarily on Anglo and Irish Nationwide.

As far as I'm concerned both of them banks are responcible, along with the Financial Regulator for what is now happening in Ireland. Of course, the traditional banks have their fair share to blame. But as markets go, companies compete, and as such, because of the reckless lending the like of Anglo and INBS were engaging in, forced the traditional banks to act, rightly or wrongly. One must ask where was the Financial Regulator in all this. They were clearly lacking in terms of financial regulation during the years from 2005 - 2007. I doubt anyone from the office of the Financial Regulator will be jailed for their inaction.

zootroid

cson wrote: »

It's not an illegal transaction per se; it's the recording of it as a customer deposit by Anglo that's illegal. Now you can bet FitzPatrick will wash his hands of that charge onto a junior executive who signed off on it.

Well that's what I was referring to, an interbank transfer being reclassified by Anglo as a customer deposit, thereby falsifying its financial statements, and misleading a whole host of stakeholders.

zootroid

stepbar wrote: »

The prime time programme will probably be, in time, one of the most defining programmes in Irish history. Nothing really suprised me tonight, as it focused primarily on Anglo and Irish Nationwide.

As far as I'm concerned both of them banks are responcible, along with the Financial Regulator for what is now happening in Ireland. Of course, the traditional banks have their fair share to blame. But as markets go, companies compete, and as such, because of the reckless lending the like of Anglo and INBS were engaging in, forced the traditional banks to act, rightly or wrongly. One must ask were was the Financial Regulator in all this. They were clearly lacking in terms of financial regulation during the years from 2005 - 2007. I doubt anyone from the office of the Financial Regulator will be jailed for their inaction.

Jailed? Pat Neary was rewarded for his incompetence ffs!!!

Slideshowbob

Sean Fitz owes 400k per month in interest

aint paying it

JAIL HIM

start at the top

they led us all on a merry dance!!

better off lookin at the big developers that aint payin their repayments and hammer them than going after mccreevys 100k - then the slush fund for the politicians will dry up

Is Sean Dunne making the repayments on Jurys and Berkeley Court?!?

nesf

Good show, good contributions by the whistle blowers and other commentators. I'd love to say I was surprised by it but I wasn't.


One question that wasn't asked that I'd really like to know is whether these "fast tracked" loans with minimal paperwork something that only FF TDs indulged in or whether it was something broader in the political system.

ghost_ie

PeakOutput wrote: »

hope this goes up on rte player soon sounds like it was a good watch

on the other hand no matter what is in it it dosnt change much

it dosnt mean the bail outs shouldnt have happened or the private sector people who were made redundant shouldnt have been, it dosnt mean ps pay cuts shouldnt have happened it just means we are learning more about what caused the mess

as someone else said on here anger and revenge towards bankers is not a policy that will save the country

Certainly anger and revenge towards bankers won't save the country, but if people were to see bankers punished - fired from their jobs without golden handshakes would be a good start - it would make it more palatable for those who have lost their jobs to see their social welfare payments cut, or for low- and average-paid public servants to see their salaries being reduced.

PeakOutput

doc_17 wrote: »

The point of doing something is obvious enough I would have thought. If you let them away scot free with it then it sends a signal that bad behaviur is not punished so there is no fear, thus no reason for banks to stop engaging in disastrous policy. They are not one bit worried about the rest of us, as the recent pay rise they awarded themselves showed, while the rest of us in the public and private sector have had to take a pay CUT. Thats what they think of us. We're like something they step on and don't even bother to look at. Except when they need it cleaned off.

Banks depositing large amounts in each others accounts to enhance balance sheets? Banks handing out loans to politicians willy nilly? Instructions from the Central Bank being ignored? These guys not paying the interest on their loans which means we will have to pay for it? Anger alone will get us nowhere, but a wee bit of reform wouldn't hurt either would it?

Are you saying we should move on and do nothing? You must be one of them!!!!

you obviously didnt read what i said. i never said dont do anything asked were would we be now, right now if thats what we had of concentrated on in the first place instead of the important stuff

the gardai are investigating leave it at that the day they close the investigation without any action is the day to get your knickers in a twist over it

imme

nesf wrote: »

Good show, good contributions by the whistle blowers and other commentators. I'd love to say I was surprised by it but I wasn't.


One question that wasn't asked that I'd really like to know is whether these "fast tracked" loans with minimal paperwork something that only FF TDs indulged in or whether it was something broader in the political system.

FF senators and C McCreevey were highlighted, no other pol reps were mentioned. I have heard that media figures were also beneficiaries of similar treatment. This was also mentioned in the show. The media figures I heard of were staff of a media outlet friendly to Fingers.

PeakOutput

ghost_ie wrote: »

Certainly anger and revenge towards bankers won't save the country, but if people were to see bankers punished - fired from their jobs without golden handshakes would be a good start - it would make it more palatable for those who have lost their jobs to see their social welfare payments cut, or for low- and average-paid public servants to see their salaries being reduced.

right assuming these golden handshake packages are contractual

are you suggesting the goverment dishonour on mass legally binding contracts?

they just cant do it

what they can do(and maybe i am naieve even after all this)and i beleive they will do is rescue the country then go after the guys who caused it

Slideshowbob

someone should be accountable

by jailing bankers / large lendees who cant afford repayment if would serve as a lesson for future generations

otherwisr where is the down side to the risks the developers took. they made millions when things were good - so where is the down side to their risks - borne by the taxpayer - is that fair?

steamjetjoe

Its uploaded to the RTE PLAYER now.

http://www.rte.ie/player/#v=1063007

PeakOutput

Slideshowbob wrote: »

someone should be accountable

by jailing bankers / large lendees who cant afford repayment if would serve as a lesson for future generations

otherwisr where is the down side to the risks the developers took. they made millions when things were good - so where is the down side to their risks - borne by the taxpayer - is that fair?

should the same punishment for not being able to pay the banks then also not be handed out to the other people who took out large loans during the boom times and now cant pay them back?

6ix

PeakOutput wrote: »

right assuming these golden handshake packages are contractual

are you suggesting the goverment dishonour on mass legally binding contracts?

they just cant do it

what they can do(and maybe i am naieve even after all this)and i beleive they will do is rescue the country then go after the guys who caused it

You're right about the legally binding contracts, but you're being extremely naive if you think they're going to chase up the people responsible. This was and still is, one big cartel between a small group of bankers, business people (mainly property) and politicians. There was no real attempt to hide what was going on (Galway Races FF tent and all the understood references to it), and anyone who even reads a newspaper or other Irish forums about politics or the property market would have know all about this for years.

There may be a couple of token criminal investigations, but we're not going to see the people who caused it getting caught. I'd wager my pitiful income on it.

zootroid

PeakOutput wrote: »

right assuming these golden handshake packages are contractual

are you suggesting the goverment dishonour on mass legally binding contracts?

they just cant do it

what they can do(and maybe i am naieve even after all this)and i beleive they will do is rescue the country then go after the guys who caused it

Well it would obviously be on a case by case basis.

But in the case of Neary, the man retired, so why did he receive a golden handshake?

In any case he should have been fired. It was clear to all that he didn't do his job.

If his retirement was coerced, and that was the reason for the golden handshake, then it should never have happened as he had been incompetent and should have been fired.

Sorry for repeating myself, but I just can't get over how people get away with stuff like that.

The Black Oil

Ah, Ireland you can't beat it, eh? No doubt Bertie sleeps soundly at night.

nesf

imme wrote: »

FF senators and C McCreevey were highlighted, no other pol reps were mentioned. I have heard that media figures were also beneficiaries of similar treatment. This was also mentioned in the show. The media figures I heard of were staff of a media outlet friendly to Fingers.

Yeah not mentioning other politicians doesn't mean they weren't involved. I'd be very curious to see just how widespread this kind of treatment was at the "top" of Irish society.