public enemy no. 1

poppyvally

Seany has sailed off smilingly into the sunset. Now Neary is public enemy no. 1

the_monkey

was anything else going to happen ??

would they have gone to jail ?

Joke of a justice system, enough $$$$ and one could do anything and get away with it..

woodoo

It all does seem to be falling on him and his office. Was he useless or responsible. Or was the lack powers his office had to blame. Such a mess they have all left behind.

Troy Lumberjack

Blaming the gamekeeper for the poachers shooting Rhinos.

tomwaterford

woodoo wrote: »

It all does seem to be falling on him and his office. Was he useless or responsible. Or was the lack powers his office had to blame. Such a mess they have all left behind.

it appears he just wasn't up to the job/the government of the day promoted ''light touch'' no regulation

Zaph

While the Anglo boys, and others, are not without blame, the day banks started offering 100% mortgages and the regulator didn't bat an eyelid is the day the politicians should have realised there was something wrong in the regulator's office. Things were always going to get ugly after that. And it's not as if there hadn't been warning signs before that - a couple of the German banks in the IFSC was causing serious concern for the regulator in Germany. It's inconceivable that that information wouldn't have been passed on to the Irish regulator. Tbh, I would have had Neary and other senior members of his office in court ahead of Fitzpatrick, McAteer and Whelan. And I'd also be looking very closely at the activities of the Minister for Finance and his department over their complete neglect when it came to ensuring that the regulator was doing his job properly and reporting to them regularly.

Nodin

poppyvally wrote: »

Seany has sailed off smilingly into the sunset. Now Neary is public enemy no. 1

but why haven't they tried David Drumm?

Amirani

Nodin wrote: »

but why haven't they tried David Drumm?

He's in Boston.

Conmaicne Mara

Public enemy number 1, is Bertie gone on his holliers?

Duckworth_Luas

Didn't even know they'd released a new single!

Flavor Flav's gonna be delighted!

urabell

rabble rabble rabble

I have no idea how the law works and expected huge jail sentences despite there being absolutely no precedent for prosecuting white collar crime in the country

The bankers are at fault for my sham of a marriage and my long term unemployment

If I was a superhero my power would be the ability to shy away from professional help for my crippling social angst

voting for the people before profit alliance in the upcoming local elections is the answer, if only I was registered to vote

rabble rabble rabble

hfallada

Im sorry whats putting them in prison at the cost of nearly 100k per year going to do other than cost the tax payer more. They were going to get a nice cell in the joy away from all the common prisoners. These people will have a worse punishment the fact they will never have a career again and they will always be hated.

urabell

hfallada wrote: »

Im sorry whats putting them in prison at the cost of nearly 100k per year going to do other than cost the tax payer more. They were going to get a nice cell in the joy away from all the common prisoners. These people will have a worse punishment the fact they will never have a career again and they will always be hated.

I'm sure at the age of 65 Seany is devastated at his lack of future career prospects, and anyway you're wrong, he could have a job tomorrow.

jane82

urabell wrote: »

I'm sure at the age of 65 Seany is devastated at his lack of future career prospects, and anyway you're wrong, he could have a job tomorrow.

Sometimes you just say it like it is my friend. Other times you say it.
The honesty is refreshing and yet the jist is playful. You can master this art if you believe.

Slydice

We're all so outraged. Lets all post on the internet. Works 99% of the time, 0% of the time.

AnonoBoy

Slydice wrote: »

We're all so outraged. Lets all post on the internet. Works 99% of the time, 0% of the time.

Tired of being labelled an internet warrior one man today tried to get into the Dáil with a samurai sword.

Karl Stein

Troy Lumberjack wrote: »

Blaming the gamekeeper for the poachers shooting Rhinos.

Yes, in fairy tales the poachers have absolutely no power to influence which gamekeeper gets chosen and how well he does his job.

Nodin

Diego Simeone wrote: »

He's in Boston.

....the far side of the world? How did he get there? If only there was some method by which felons could be sought from such far flung places.....

Nodin

AnonoBoy wrote: »

Tired of being labelled an internet warrior one man today tried to get into the Dáil with a samurai sword.

More a cavalry sabre, apparently. Certainly sounded European by the descriptions. The sword geek in me is intrigued.

EyeSight

Diego Simeone wrote: »

He's in Boston.

I admit, i know almost nothing about financial law.
But if one committed murder or rape and ran of the America. Would he not be tried in absentia or extradited?

NSAman

Nodin wrote: »

The sword geek in me is intrigued.

Did we really need to know what goes on behind your closed doors?

Problem as I see it: too many idiots running the place and too many fingers in too many pies, with little and no ability. Has been the case for decades.

Zaph

EyeSight wrote: »

I admit, i know almost nothing about financial law.
But if one committed murder or rape and ran of the America. Would he not be tried in absentia or extradited?

I've never heard of anyone being tried in absentia in this country. I don't know if the legal system here even allows for it.

As for extraditing him, well there is an extradition treaty between Ireland and the USA, so that wouldn't be a problem. My guess is that they don't yet have enough hard evidence to secure a conviction and realise that it would be pointless extraditing him without that. They can't try him again later if better evidence subsequently turns up, so it's either a waiting game to see what they can find, or they have given up in the knowledge that they'll never be able to convict him based on what they have.

DeanAustin

Zaph wrote: »

I've never heard of anyone being tried in absentia in this country. I don't know if the legal system here even allows for it.

As for extraditing him, well there is an extradition treaty between Ireland and the USA, so that wouldn't be a problem. My guess is that they don't yet have enough hard evidence to secure a conviction and realise that it would be pointless extraditing him without that. They can't try him again later if better evidence subsequently turns up, so it's either a waiting game to see what they can find, or they have given up in the knowledge that they'll never be able to convict him based on what they have.

Some expert on Newstalk was saying the other day that to successfully extradite him, we would have to show that the crimes he allegedly committed in this country would be crimes if he committed them in the US. Apparently, because of the nature of what he's done, that's not as straightforward as people might like to think.

renegademaster

the_monkey wrote: »

was anything else going to happen ??

would they have gone to jail ?

Joke of a justice system, enough $$$$ and one could do anything and get away with it..

if the people had demanded it then maybe they would have seen jail, in the face of the country never ever reactign to any corruption has paved the way for this travesty of justice!! SHAME!!

DeanAustin

renegademaster wrote: »

if the people had demanded it then maybe they would have seen jail, in the face of the country never ever reactign to any corruption has paved the way for this travesty of justice!! SHAME!!

Can you clearly articulate an argument for them getting jail?

Riskymove

poppyvally wrote: »

Seany has sailed off smilingly into the sunset. Now Neary is public enemy no. 1

he is still part of other investigations, this case was always only about the Maple 10 issue

I Heart Internet

As someone said last night (on RTE) his sanction is to get a €600K lumpsum and €140K per annum pension.

I'd actually (seriously) give my left bollock for a sanction like that.

Valetta

DeanAustin wrote: »

Can you clearly articulate an argument for them getting jail?

You want "the people" to decide sentences after court cases?

Mob rule ok then with you?

DeanAustin

Valetta wrote: »

You want "the people" to decide sentences after court cases?

Mob rule ok then with you?

Not at all. I more want someone advocating the "they should have got jail" stance to tell me why they should have got jail beyond the "our country was ruined so someone should get jail".

Even Ivan Yates was on that bandwagon today. He wants the DPP to appeal. When challenged about whether Whelan and McAteer had actually done something that merited a prison sentence, he pretty much said "Well these two fellas on trial is as good as we'll get in terms of justice so their sentence wasn't harsh enough". I normally like Yates but, assuming I understood him correctly, what a stupid f**king argument.

Valetta

DeanAustin wrote: »

Not at all. I more want someone advocating the "they should have got jail" stance to tell me why they should have got jail beyond the "our country was ruined so someone should get jail".

Even Ivan Yates was on that bandwagon today. He wants the DPP to appeal. When challenged about whether Whelan and McAteer had actually done something that merited a prison sentence, he pretty much said "Well these two fellas on trial is as good as we'll get in terms of justice so their sentence wasn't harsh enough". I normally like Yates but, assuming I understood him correctly, what a stupid f**king argument.

Apologies.

I meant to quote Renegademaster instead of your good self.

if the people had demanded it then maybe they would have seen jail, in the face of the country never ever reactign to any corruption has paved the way for this travesty of justice!! SHAME!!

Amirani

Nodin wrote: »

....the far side of the world? How did he get there? If only there was some method by which felons could be sought from such far flung places.....

Extradition can't take place as his actions weren't illegal under US law, a pre-requisite to any extradition from the US.

Amirani

EyeSight wrote: »

I admit, i know almost nothing about financial law.
But if one committed murder or rape and ran of the America. Would he not be tried in absentia or extradited?

He can't be extradited as his crimes weren't actually illegal in the US. Same reason the Irish Courts wouldn't extradite you to some Islamic country if they found evidence of you have one homosexual sex while on holiday there. If you murdered someone there, you would be.

tricky D

Zaph wrote: »

While the Anglo boys, and others, are not without blame, the day banks started offering 100% mortgages and the regulator didn't bat an eyelid is the day the politicians should have realised there was something wrong in the regulator's office. Things were always going to get ugly after that. And it's not as if there hadn't been warning signs before that - a couple of the German banks in the IFSC was causing serious concern for the regulator in Germany. It's inconceivable that that information wouldn't have been passed on to the Irish regulator. Tbh, I would have had Neary and other senior members of his office in court ahead of Fitzpatrick, McAteer and Whelan. And I'd also be looking very closely at the activities of the Minister for Finance and his department over their complete neglect when it came to ensuring that the regulator was doing his job properly and reporting to them regularly.

Almost there. It was the Government who were promoting the light touch regulation despite the warnings from the regulators. The Gov's line was to protect the financial operations like in the IFSC from upping sticks to alternative jurisdictions by ignoring the corner cutting and financial trickery. As my regulator friend said at the time around 2005, they were in a Catch-22.