The Cathaoirleach refused to allow it on the grounds that it wasn't of national impor

Bumski

The Sindo reported today that


"Using parliamentary privilege, Mr Norris managed to name five of the international financial institutions he says the Irish taxpayer will be forced to repay as a consequence of the Government's highly-controversial EU/IMF bailout deal.
Addressing the Seanad, the independent senator read the names of Aberdeen Asset Management (London Ltd), AGICAM, Aktia Asset Management, Aletti Gestielle SGR and Alliance Bernstein (UK) Ltd, on to the record before being ruled out of order by Cathaoirleach Pat Moylan."




"The Cathaoirleach refused to allow it on the grounds that it wasn't of national importance."


http://www.independent.ie/national-news/norris-silenced-after-revealing-names-of-bondholders-2448840.html




What planet does FF inhabit?

Liam Byrne

In a way it's not "of national importance", because whoever the money is owed to is irrelevant.

They gambled
They lost
FF decided to reimburse them.

It's FF that are at fault.

However what would be of national importance is if the list contained significant FF supporters, but if that were the case I'd hope that Norris wouldn't have listed alphabetically and would have gone straight to the point.

AlekSmart

In a way it's not "of national importance", because whoever the money is owed to is irrelevant.

Jeepers Liam Byrne,I would have thought it was highly relevant in the current circumstances.

One of the more interesting aspects of this entire scenario is the insistence of Mr Lenihan ands his advisors in maintaining the "Commercial Confidentially" shroud over most of his deliberations with our major banking figures.

Extrapolating this theory to cover the Seanad`s debates is evidence of the establishment having something which they wish to keep concealed....

I`d suggest the Seanad needes a new Cathaoirleach asap...or failing that,an Irish President who might dismiss the present incumbent ......:P :P :P

later12

If I was a moderately wealthy man, and invested in buying bonds in Irish banks as part of a package or through my own company, I would be pretty pissed at attention seeking political nobodys who sought to defame me or my company by making us out to be the culprit of their own catastrophe.

Investors were not party to the ins and outs of AIB's, Anglo's or BoI's financial doings - in fact it's pretty safe to say that they were fed the same rotten speel that Government have themselves been given.

These guys are investors, some are very wealthy, some less so. They are owed money, but they didn't ask for the banks to be nationalised, they didn't ask the regulator to turn a blind eye to the banks' behaviour, and they didn't ask idiots to take out a 120% mortgage on near enough minimum wage.

Liam Byrne

AlekSmart wrote: »

Jeepers Liam Byrne,I would have thought it was highly relevant in the current circumstances.

One of the more interesting aspects of this entire scenario is the insistence of Mr Lenihan ands his advisors in maintaining the "Commercial Confidentially" shroud over most of his deliberations with our major banking figures.

Extrapolating this theory to cover the Seanad`s debates is evidence of the establishment having something which they wish to keep concealed....

As I said, if Norris had spotted something like that then he would have said so FIRST, and I would have had a different opinion.

The gamblers that FF decided to bail out were just that - gamblers.

They lost because they invested in shoddy, badly-run banks and then the government gave them a get-out-of-jail-free card.

Unless there's a direct investor that has FF links, then the only issue is FF's crap choice and the reasoning behind it; the names of others who were stupid enough to give Anglo money and would have lost it if FF hadn't skewed the rules of commercial operations is then irrelevant.