The Anglo Irish Tapes

General General

listermint wrote: »

This is the type of edgit we voted into power.

On a side note watch half way through, dropping shapes all over the place like he grew up on sheriff street and ate glass for breakfast.

Love how he beckons the cop @ 00:23 & the cop ignores it.

aloyisious

Minister act's on bank tapes... to request the banks to preserve tapes they have - think's it might be akin to self-incrimination if they assented to the request.

http://www.irishtimes.com/news/politics/oireachtas/noonan-to-request-banks-to-preserve-tapes-for-oireachtas-inquiry-1.1450387

Zebra3

aloyisious wrote: »

Minister act's on bank tapes... to request the banks to preserve tapes they have - think's it might be akin to self-incrimination if they assented to the request.

http://www.irishtimes.com/news/politics/oireachtas/noonan-to-request-banks-to-preserve-tapes-for-oireachtas-inquiry-1.1450387

Minister for Finance Michael Noonan is to write to the banks tomorrow requesting them to preserve any tapes they have for the Government’s proposed banking inquiry, Taoiseach Enda Kenny has said.

Razor sharp those lads. :rolleyes:

mikom

aloyisious wrote: »

Minister act's on bank tapes... to request the banks to preserve tapes they have - think's it might be akin to self-incrimination if they assented to the request.

http://www.irishtimes.com/news/politics/oireachtas/noonan-to-request-banks-to-preserve-tapes-for-oireachtas-inquiry-1.1450387

They call him "The flash" around Leinster house..........

aloyisious

Zebra3 wrote: »

Razor sharp those lads. :rolleyes:

It's to give them the chance to erase the necessary details - can't have too many red faces around the House - who'd be left to sit on DE COMMITTEE!

Noreen1

aloyisious wrote: »

Minister act's on bank tapes... to request the banks to preserve tapes they have - think's it might be akin to self-incrimination if they assented to the request.

http://www.irishtimes.com/news/politics/oireachtas/noonan-to-request-banks-to-preserve-tapes-for-oireachtas-inquiry-1.1450387

So, the Anglo Tapes have been in the Public domain for a week, or thereabouts.

Just in case that wasn't enough time for tapes from other banks to be listened to by anyone who might have said something incriminating on them - our Minister for Finance then decides to give advance notice that he wants the tapes preserved for an enquiry?

What a genius!:rolleyes:

RiverOfLove

Read on twitter and facebook that there is another protest on Thursday in relation to this banking fraud at 3pm outside leinster house. It's a standing protest and doesn't appear to be organised by any other political party like the SWP for example. Just putting it out there if anyone is interested.

AnOrdinaryJoe

Noreen1 wrote: »

So, the Anglo Tapes have been in the Public domain for a week, or thereabouts.

Just in case that wasn't enough time for tapes from other banks to be listened to by anyone who might have said something incriminating on them - our Minister for Finance then decides to give advance notice that he wants the tapes preserved for an enquiry?

What a genius!:rolleyes:

That's it...... right lads...... you've been given a bit of breathing space to get rid of whatever you need to get rid of...... if you've got rid of something we didn't know about sure that'll be alright...... justice and all that oul bolloxs in the Ireland of today...... sure justice is a grand concept, just not one that 'the boyos' have any idea about.

Let's see how some ordinary non Minister for Justice pleb who 'couldn't' blow into a breathalyser would get treated. I don't think 'sure I'm on my way home from where I work lads' would somehow be considered to be make it acceptable either.

My illusions of justice in Ireland have been 'shattered'.

Boombastic

Noreen1 wrote: »

So, the Anglo Tapes have been in the Public domain for a week, or thereabouts.

Just in case that wasn't enough time for tapes from other banks to be listened to by anyone who might have said something incriminating on them - our Minister for Finance then decides to give advance notice that he wants the tapes preserved for an enquiry?

What a genius!:rolleyes:

It is genius, depending on which side of the fence you are standing

listermint

Noreen1 wrote: »

So, the Anglo Tapes have been in the Public domain for a week, or thereabouts.

Just in case that wasn't enough time for tapes from other banks to be listened to by anyone who might have said something incriminating on them - our Minister for Finance then decides to give advance notice that he wants the tapes preserved for an enquiry?

What a genius!:rolleyes:

Arent those tapes meant to be held anyway under existing legislation to prevent insider trading etc? Audit was their original intended purpose. So surely if they did go missing then some breaches would be made.

bumper234

listermint wrote: »

Arent those tapes meant to be held anyway under existing legislation to prevent insider trading etc? Audit was their original intended purpose. So surely if they did go missing then some breaches would be made.

Not only are they held but there are MULTIPLE back ups and copies. This would not only be a case of wiping a couple of hard drives this would be a huge task including wiping drives in off site locations and disaster recovery locations.

Carnegie

listermint wrote: »

Arent those tapes meant to be held anyway under existing legislation to prevent insider trading etc? Audit was their original intended purpose. So surely if they did go missing then some breaches would be made.

there would be breaches, but the consequences would be much less severe

Worztron

wikipedia.org/wiki/Statute_of_Limitations_in_Ireland

AnOrdinaryJoe

More bank 'corruption' announced today

RBS and Barclays face yet another banking scandal

The Guardian: JAMES MOORE TUESDAY 02 JULY 2013

The inquiry covers the period 2006- 2009, when Bob Diamond was chief executive of Barclays. Fred Goodwin was running Royal Bank of Scotland for most of the period under scrutiny, until he was ousted as a consequence of the bank's multibillion-pound bailout in 2008. Michael Geoghegan (NOW A BIG WIG AT NAMA) and the former trade minister Stephen Green (FORMER COLLEAGUE OF AIB's DAVID HODGKINSON DURING THE MEXICAN DRUG CARTELS MONEY LAUNDERING AND CIRCA 10,000 PER ANNUM MURDERED BY SAME CARTELS 'ERA' WHEN BOTH AT HSBC) were at the controls of HSBC.

---

Barclays, Royal Bank of Scotland and HSBC were yesterday at the centre of yet another investigation by regulators, after European watchdogs said they were among 13 banks charged with shutting exchanges out of the lucrative credit derivatives market.

The European Commission said the banks acted to block two big exchanges, Germany's Deutsche Börse and the Chicago Mercantile Exchange, out of the credit-default swap (CDS) market. The turnover in CDSs is huge: so far this year, contracts worth £8.5 trillion have been traded.

Along with the two UK banks, the EC read out a roll call of the City's aristocracy as being part of its inquiry, including Goldman Sachs, Citigroup and JP Morgan. It also cited the data firm Markit and the International Swaps and Derivatives Association (ISDA).

All of those named could face heavy fines if the watchdog's findings are confirmed. European anti-trust regulators have the power to impose penalties of up to 10 per cent of a company's global turnover. So in the worst case, Barclays could face a fine of up to £3bn.

The inquiry covers the period 2006- 2009, when Bob Diamond was chief executive of Barclays. Fred Goodwin was running Royal Bank of Scotland for most of the period under scrutiny, until he was ousted as a consequence of the bank's multibillion-pound bailout in 2008. Michael Geoghegan and the former trade minister Stephen Green were at the controls of HSBC.

Credit-default swaps are a type of bet placed on the credit of a country or a company. They are usually arranged "over the counter" under the auspices of a City bank. They played an important role in the financial crisis as a number of institutions defaulted on loans, and the EU has been seeking to bring in tighter regulation and a more transparent process.

In a statement yesterday Joaquín Almunia, the EU's Competition Commissioner, said: "Exchange-trading of credit derivatives improves transparency and market stability. But the banks acted collectively to prevent this from happening. They delayed the emergence of exchange trading of these financial products because they feared that it would reduce their revenues. This, at least, is our preliminary conclusion. If confirmed, such behaviour would constitute a serious breach of our competition rules."

Mr Almunia gave a clear indication that if the case were proved, penalties could follow.

The banks and the two other organisations now have the opportunity to mount a defence. They have the option of requesting a hearing before commission officials and anti-trust experts ahead of the EC's final decision. Verdicts in such matters can take several years, but there was some speculation that in this case the EC may issue its final judgment before Mr Almunia leaves office towards the end of next year.

The other banks charged are Bank of America Merrill Lynch, BNP Paribas, Morgan Stanley, Credit Suisse, Deutsche Bank, Bear Stearns (now owned by JP) and UBS.

Swap shop: The 'casino' contracts
What is a credit-default swap?

It is a type of bet. One side offers insurance against a company or country going into "default" and failing to repay loans. The other receives a payout if this happens. They needn't have any connection with the company or country concerned, or their lenders.

Why are they important?

They are blamed for spreading contagion throughout the financial system during the global crisis when lots of institutions suddenly started to default on their loans.

Why is the EU unhappy?

CDSs happen behind closed doors. The EU wants them to be traded on exchanges, where a clearing house is responsible for ensuring trades go through in the event one side goes bust. It wants transparency. and some standardisation and transparency is brought to the process.

aloyisious

AnOrdinaryJoe wrote: »

That's it...... right lads...... you've been given a bit of breathing space to get rid of whatever you need to get rid of...... if you've got rid of something we didn't know about sure that'll be alright...... justice and all that oul bolloxs in the Ireland of today...... sure justice is a grand concept, just not one that 'the boyos' have any idea about.

Let's see how some ordinary non Minister for Justice pleb who 'couldn't' blow into a breathalyser would get treated. I don't think 'sure I'm on my way home from where I work lads' would somehow be considered to be make it acceptable either.

My illusions of justice in Ireland have been 'shattered'.

You actually had some illusions left? If you want, throw one or two of them my way, I'm bereft of some

renegademaster

would anybody in the dublin area have a 2500w generator to run a sound system at tomorrows protest atthe dail from 1pm.

djs and sound/dj gear, tarp all sorted, care to complete the day by helping out with power?

skimpydoo

renegademaster wrote: »

would anybody in the dublin area have a 2500w generator to run a sound system at tomorrows protest atthe dail from 1pm.

djs and sound/dj gear, tarp all sorted, care to complete the day by helping out with power?

I thought the protest was at 6pm?.

renegademaster

skimpydoo wrote: »

I thought the protest was at 6pm?.

some of us have the time and want to out pressure on the government all day. there will be protest from 1pm so come along early if ye can

raymon

Can anyone tell me what the " jail the bankers" protest is about.
I have a few questions.

Which bankers does the protest wish to jail? Do you know their names?

Just Anglo , or any bankers?

Just managers , or bank tellers?

Do the protesters wish to jail Fianna Fail too for bailing out Anglo?
How about the Greens , Healy Rae or Finian Mc Grath types who supported FF ?

Do the protesters wish to jail other parties like FG , Sinn Fein, Labour? Independents?

Are the protests against politicians in general?

Any other objectives ?

Almaviva

markesmith wrote: »

It's at the stage now where if we could get 100,000 people together to protest, the lid could come off the pressure cooker altogether.

Maybe that's what we need, because the judicial system and the government don't have the political will or inclination, and the media is in bed with them all.

I wouldn't mind but it's not like it's a subtle attempt to control the population - it's as plain as day that Drumm et al will serve no time at all.

Let the government get on with their work and dont be making a nuisance of yourselves. Why waste you time if its as plain as day that Drumm et al will serve no time at all ?

renegademaster

raymon wrote: »

Can anyone tell me what the " jail the bankers" protest is about.
I have a few questions.

Which bankers does the protest wish to jail? Do you know their names?

Just Anglo , or any bankers?

Just managers , or bank tellers?

Do the protesters wish to jail Fianna Fail too for bailing out Anglo?
How about the Greens , Healy Rae or Finian Mc Grath types who supported FF ?

Do the protesters wish to jail other parties like FG , Sinn Fein, Labour? Independents?

Are the protests against politicians in general?

Any other objectives ?

as far as i can make out this is an opportunity for people to come together for once as so many have decided they've had enough after hearing the tapes comfirm everything and more in little over a week.

are you coming tomorrow or waiting eternally for answers to a million questions before you make one decision to join a demonstration?

skimpydoo

renegademaster wrote: »

some of us have the time and want to out pressure on the government all day. there will be protest from 1pm so come along early if ye can

Ok good to know.

renegademaster

skimpydoo wrote: »

Ok good to know.

and bring a 2500w generator with ye if ye can

raymon

renegademaster wrote: »

as far as i can make out this is an opportunity for people to come together for once as so many have decided they've had enough after hearing the tapes comfirm everything and more in little over a week.

are you coming tomorrow or waiting eternally for answers to a million questions before you make one decision to join a demonstration?

I can't believe you can't answer any of my questions.The questions I asked weren't difficult.

Is there anyone on here who can tell me what the "jail the bankers" protest is about ?

Almaviva

raymon wrote: »

Is there anyone on here who can tell me what the "jail the bankers" protest is about ?

No.
Its about nothing. Just cranks with a meaningless slogan.

renegademaster

raymon wrote: »

I can't believe you can't answer any of my questions.The questions I asked weren't difficult.

Is there anyone on here who can tell me what the "jail the bankers" protest is about ?

why? i've got nothing to do with the protest other than attending and my trying to organise a sound system to play music at it is nothing to do with the people before profit

we won't see you there so?

renegademaster

Almaviva wrote: »

No.
Its about nothing. Just cranks with a meaningless slogan.

meaningless how? are you reading the same slogan as the rest of us?

Noreen1

listermint wrote: »

Arent those tapes meant to be held anyway under existing legislation to prevent insider trading etc? Audit was their original intended purpose. So surely if they did go missing then some breaches would be made.

I'm sure there would be breaches. I'm equally sure that you cannot prosecute breaches in information as a (potential) multi Billion scam.

Having said that - I've no idea whether there were any illegal acts carried out at other banks.
However, I do know that quite a few regulations were broken at Anglo and Irish Nationwide.
Therefore, it seems to make sense to investigate whether similar breaches took place elsewhere.

Personally, if I were going to investigate someone for potential wrongdoing, I wouldn't begin that investigation by specifically telling them, in advance, what evidence I wanted to look at! Actually, if I had reason to suspect serious wrongdoing, I wouldn't tell them they were being investigated at all.
I'd gather the evidence, then let them answer any charges.
Hence, my "What a genius" comment.

raymon

raymon wrote: »

Can anyone tell me what the " jail the bankers" protest is about.
I have a few questions.

Which bankers does the protest wish to jail? Do you know their names?

Just Anglo , or any bankers?

Just managers , or bank tellers?

Do the protesters wish to jail Fianna Fail too for bailing out Anglo?
How about the Greens , Healy Rae or Finian Mc Grath types who supported FF ?

Do the protesters wish to jail other parties like FG , Sinn Fein, Labour? Independents?

Are the protests against politicians in general?

Any other objectives ?

I take it nobody knows then . Ah well

Phill Ewinn

raymon wrote: »

I take it nobody knows then . Ah well

Some one knows. Thats what Columbo might say. We all know.what went on. The fact that no one in authority is doing anything about it is where the problem lies. A conspiracy of silence, covering each others backsides before someone is bitten.


Arse biting so, need someone to do some arse biting. Prederably someone not connected to this rotten lot.


* I'll do it for a small fee *