JP McManus/Desmond pushed for bank guarantee?

enfant terrible

Apologies if this has been discussed before but I was unaware of the possible role JP McManus and other Irish oligarchs might have played in the state banking guarantee.

http://www.politicalworld.org/showpost.php?p=104518&postcount=25

Full thread here
http://www.politicalworld.org/showthread.php?t=6048

Have they ever been asked to explain their role in the bank guarantee and the possible conflict of interest they may have?

policarp

Sean Quinn bought shares in Anglo with Quinn Healthcare money and he was removed from the board as a result AFAIK.

Senna

The rich had full access to the government and FF, countless bills were redrafted after consultation with those with a vested interested in that particular bill. This was FF polities, its how they operated.

Lirange

Could Jim Corr's nuttery really just be a veiled campaign against his brother-in law?

squod

Originally Posted by Honohan Report
...the whole system except Anglo could have been guaranteed, allowing the latter to close, without that implying destruction of the rest of the system
...
The inclusion of existing long-term bonds and some subordinated debt (which, as part of the capital structure of a bank is intended to act as a buffer against losses) was not necessary in order to protect the immediate liquidity position.
http://www.bankinginquiry.gov.ie/The...02003-2008.pdf
http://www.irisheconomy.ie/index.php...008-guarantee/

To everyone who disagreed with me........na-na,na-na,na.

ejmaztec

They should nationalise the assets of this bunch of "patriotic" Irishmen just for the hell of it. Pay back utter ruthlessness with more of the same, and play the tax-avoiding bastards at their own game.

flyton5

I say we burn them!!!! Who's with me?


.....



.....



oh. *sits back down*

ejmaztec

flyton5 wrote: »

I say we burn them!!!! Who's with me?


.....



.....



oh. *sits back down*

If they buy the internet with their small change and shut it down, the revolution's screwed.:(