Anglo Tapes

Callan57

AlekSmart wrote: »

The recordings do raise some questions which only oul Paddy Neary can answer,such as what EXACTLY his daily duties were ?

From listening to the Anglo bucks,he was seen as some sort of dumbo,surely he needs to get his version out there now ?

Light Touch regulation need not be all bad,but NO touch regulation is a certain invitation to the likes of Drummer & Co to pull stuff out of their arses sure enough....:mad:

Now why would he need to say a dickiebird ... sitting tight & smug on his inflated state pension? :eek:

Mr.Micro

AlekSmart wrote: »

The recordings do raise some questions which only oul Paddy Neary can answer,such as what EXACTLY his daily duties were ?

From listening to the Anglo bucks,he was seen as some sort of dumbo,surely he needs to get his version out there now ?

Light Touch regulation need not be all bad,but NO touch regulation is a certain invitation to the likes of Drummer & Co to pull stuff out of their arses sure enough....:mad:

This is the same guy who came on the Primetime programme in 2008 when the s*** had just hit the fan, and he went on and on that the banks had plenty of liquidity and he had confidence in the financial institutions.

I doubt if he has any version of any story that would do him any good. An utter buf**n who knew nothing and cared less it appears.

Mr.Micro

Callan57 wrote: »

Now why would he need to say a dickiebird ... sitting tight & smug on his inflated state pension? :eek:

and probably shameless like the rest of them, who orchestrated by design and incompetence to bring down our economy.

mada999

tayto lover wrote: »

While all this was going on FF were quiet and maybe complicit. The regulator was asleep. The opposition FG/Lab were silent and not asking any questions.

There are no politicians who are innocent in this sorry saga.
BUT as always the taxpayer will cover it all as will their children and grandchildren.

could it be that FG and LAB boyos were silent as they knew they would get into power after all the mess ? Could they really be that bad and not give a damn about the country just there own interests?

strandroad

RichardAnd wrote: »

I found myself asking the same question earlier. I then asked myself why these tapes exist at all. The conversation probably took place over mobile phones and if that's the case, why was it recorded? Are all phone conversations recorded somewhere? I doubt it...

I'm not trying to defend anyone in Anglo at all but I would really like to see answers to the above two questions.

The audio recordings are from the bank's own internal telephone system and date from the heart of the financial crisis that brought the State to its knees in September 2008.

http://www.independent.ie/business/irish/inside-anglo-the-secret-recordings-29366837.html

Rightwing

tayto lover wrote: »

While all this was going on FF were quiet and maybe complicit. The regulator was asleep. The opposition FG/Lab were silent and not asking any questions.

There are no politicians who are innocent in this sorry saga.
BUT as always the taxpayer will cover it all as will their children and grandchildren.

I wonder was the regulator asleep?

Or was he told by Bertie & co. 'téigh a chodladh'

He did get a nice pay off anyway, that's the main thing for these boys.

Scofflaw

Rightwing wrote: »

I wonder was the regulator asleep?

Or was he told by Bertie & co. 'téigh a chodladh'

He did get a nice pay off anyway, that's the main thing for these boys.

Asleep doesn't quite cover the actions of the office under Neary's tenure: http://en.wikipedia.org/wiki/Financial_Regulator

cordially,
Scofflaw

Idbatterim

this may be a naive question, but when they knew how totally f***ed the situation was, should they not have come clean to Brian Lenihan, the central bank or whoever was relevant? I.e honesty is the best policy approach?! I cant believe they knew the tax payer would likely pick up the tab for insane amounts of money and have no guilty conscience in doing it!!!!

raymon

Idbatterim wrote: »

this may be a naive question, but when they knew how totally f***ed the situation was, should they not have come clean to Brian Lenihan, the central bank or whoever was relevant? I.e honesty is the best policy approach?! I cant believe they knew the tax payer would likely pick up the tab for insane amounts of money and have no guilty conscience in doing it!!!!

Who says they didn't tell Lenihan ??

Lenihan and the rest of FF must have been aware of the treachery FF were entering into.

Good loser

washman3 wrote: »

The usual FF/FG/LAB apologists seem strangely absent from Boards.ie this evening. These are the guys/gals that always dismiss anybody who dares to seek justice as a 'crank' having a 'whinge about good guys and bad guys'.:mad:

Here I am. You must always allow for the possibility that you are one of the 'bad' guys.

Whereas you seem to have a cast iron 100% certainty that you are not.
And that your radar can unerringly detect one from the other.
Remember the Pharasee and the Publican 'n all that.

Re the tapes they're interesting (and funny too) but, as Scofflaw states in post 19, probably nothing illegal or actionable there. Personally I would be amazed if conversations of this nature had not taken place at the time - in the upper echelons of the Bank. And it was only a conversation.

To me the heart of the matter is that the Regulator and his staff (that is State workers) were extraordinarily incompetent and gullible over many years.

Grudaire

I don't see how it is possible that they did not do anything that is illegal. I know that the investigation is probably frantically attempting to find something that they can prosecute using, but I just don't see how this doesn't break some sort of rules...


... at the very least it's immoral, and in true nationalistic fashion I would have to suggest the reintroduction of the old Irish tradition of boycotting..

I hope it is finally clear to those who supported the bank bailout that it was the wrong move.

raymon

Good loser wrote: »

Re the tapes they're interesting (and funny too)

.............

To me the heart of the matter is that the Regulator and his staff (that is State workers) were extraordinarily incompetent and gullible over many years.

That pretty much sums up the Fianna Fail / Anglo attitude to the whole thing , what fun and laughs Fianna Fail and Anglo must have had during the process.

They both got one over on the regulator and the Irish citizen in a most comedic fashion. What hillarity indeed. Bravo.

Call me Al

There are more tapes to come apparently.


Laughs indeed....

Crimson King

raymon wrote: »

Who says they didn't tell Lenihan ??

Lenihan and the rest of FF must have been aware of the treachery FF were entering into.

Careful now, the man is dead and so anyone criticising him publicly will be seen to be a great reason to derail the thread insensitive and be attacked themselves.

maninasia

The possibility of insider or covert trading on these conversations should also be investigated.

heybaby

These tapes tell us nothing that we don't already know. The contempt and ineptitude of the regulator, the banks and the body politic were there for all to see years ago and is still very much there.
Read Simon Carswell's book on Anglo or Shane Ross's Bankers and you get page after page of testosterone filled bank executives throwing around billions of other people's euros with the entitlement of a Russian oligarch.
The tapes merely put a voice on the darkest of times but should not infuriate because of the cavalier attitude in evidence, but because these guys are free to go about their business 5 years on. I'm more annoyed with Kenny who has taken such a softly softly approach regarding an official banking inquiry and current banking controls. Consider kbc bank offering 90% mortgages in recent days and both Bank of Ireland and Aib raising customers' fees, all of this proves the banks have all the power .

Slideshowbob

mhge wrote: »

http://www.independent.ie/business/irish/inside-anglo-the-secret-recordings-29366837.html

Still doesn't tell us how Indo got em tho?

From Gardaí, staff, IT people?

and it's drip drip sensationalism til then.

Next we'll be hearing Seanie Fitz tell the missus he's constipated some morning.

Let's face it if anyone went through all phone conversations I/we had over last 10 years would all be ok?

Is an ex-employee of a liquidated bank entitled to expect confidentiality and due process on data years later, granted the sensitivities involved here?

Callan57

I thought the Regulator, the Fraud Squad, Corporate Enforcement & old Tom Cobler were supposed to be investigating Anglo ... why did nobody think to impound these tapes for use as possible future evidence?

Manach

Purely for form's sake, I would counter-argue that as their privacy rights have been breach this makes a possible conviction unsafe and would be a grounds for appeal.

Slideshowbob

Fionnan Sheahan was like a dog with a bone or something last night on Vin B.

Maybe Indo group think this drip drip of sensationalism over the next 2 days - 2 months will save their asses.

Maybe they have tapes on AIB too? Although didn't AIB give them a 140m write down 2 months ago - oh yeah ..... :rolleyes::(

Dampintheattic

This guy, called it like it was, is and ever shall be. Amen! http://www.youtube.com/watch?v=VvLpDHhpWqY

Rightwing

Essentially all these guys in Anglo were doing was speculating (pardon the pun) how severe or otherwise the fall would be, they had no way of knowing. And that's the line they will take.

Tordelback

Let's say two lads with form were recorded discussing how to do over a certain Post Office branch. And then that PO branch was robbed in exactly that manner by two men matching their descriptions. How long would it be before they were sitting in the local station?

Godge

Good loser wrote: »

To me the heart of the matter is that the Regulator and his staff (that is State workers) were extraordinarily incompetent and gullible over many years.

Just because the police are incompetent and failed to stop a crime doesn't make the crime less of a crime.

Anglo set out to deceive the regulator and went after the politicians as well - remember Seanies meetings with Cowen. It is easy to look back and blame the staff but the real culprits are the Anglo boys, Cowen, Lenihan and mcWilliams who persuaded Lenihan to put in the guarantee.

raymon

Dampintheattic wrote: »

This guy, called it like it was, is and ever shall be. Amen! http://www.youtube.com/watch?v=VvLpDHhpWqY

Great clip !

maninasia

McWilliams guarantee did not included bailing out all the bondholders.

Grudaire

Slideshowbob wrote: »

Let's face it if anyone went through all phone conversations I/we had over last 10 years would all be ok?

In fairness its only work phone conversations....

... from around the time they were begging for €7Billion of the state (ie you and me).

Lets not get all high and mighty tbf, these tapes coming out is hardly justice for the white collar crimes committed

realitykeeper

The antics at Anglo and other banks tends to be viewed as a misdemeanor by politicians because it is a white collar crime, - the type of crime most associated with their own profession. If the likes of Gerry Adams were to compare the criminal behavior of the bankers with a gunman or bomber he would be derided by all parties for doing so. However, the consequences of costing the Irish taxpayer tens of billions of euro is likely to be far more devastating in the greater scheme of things than a petrol bomb attack on the house of a drug pusher or the shooting of some such individual. Disclaimer: I am not a Sinner.

What the executives at these banks have done is very wrong. Given the devastating consequences the Irish people will have to deal with I believe they should be hunted down in the same way the Isrealis are hunting down the Nazi war criminals even to this day. There should be no reprieve or rest for these individuals even if they live to be a hundred. As for "Drummer" - what would the Nazi hunters do? They would find a way to bring him to justice and so should we - the Irish people. Perhaps an Irish equivalent to MI5 might work in dealing with these people. Perhaps the Great Blasket Island could leave the EU and become the Irish equivalent to Guantanamo Bay - I hear its a great spot for water boarding if the Irish James Bond fancies a bit of surfing.

creedp

realitykeeper wrote: »

If the likes of Gerry Adams were to compare the criminal behavior of the bankers with a gunman or bomber he would be derided by all parties for doing so. However, the consequences of costing the Irish taxpayer tens of billions of euro is likely to be far more devastating in the greater scheme of things than a petrol bomb attack on the house of a drug pusher or the shooting of some such individual. Disclaimer: I am not a Sinner.

Don't mind comparing what the the Anglos boys did to that of bomber .. sure nothing they could have done could come even close to what O'Snoddaigh did when it came to the most attrocious crime perpetrated on the Irish people .. the abuse of photocopy toner.