This message has been edited - 29-jun-2012 @ 18:23

Originally posted by Ozzy:
History will not reflect well on Lenihan. Whatever about BoI and AIB, including Anglo and particularly Irish Nationwide in the guarantee was scandalous.

Originally posted by Blanco:
But this time we cannot blame the TD's it was the people who voted to have no inquiry.

Originally posted by bosco32:
The people did not vote to have no enquiry. They voted against giving unqualified people with vested political interests free rein to march rough shod over the rights of citizens. Enquiries should be done by people who don't have to run for election every five years or less.

Originally posted by Larkin:
I voted no to that in the referendum and like Bosco says, it was a piece of ill thought out legislation by the crowd of traitors that are in power right now and they handled it so badly..

Originally posted by jbrown:
Let Anglo etal collapse and the people abroad who lent them cash would have just had to get over their mistakes.

Originally posted by jbrown:
Lenihan should not be remembered for anything other than trying to look after the FF cronies in the same sweep of a brush as look after the country.By all means bankroll BOI and AIB but the rest of the banks (In particular Anglo / FF) should have got the door.Let Anglo etal collapse and the people abroad who lent them cash would have just had to get over their mistakes.It would be all forgotten now.Instead they tried to keep the Anglo FF cartel afloat the same way as Hitler tried to defend Berlin to he last. Same mentality really, pride before a fall.

Originally posted by Pog Mahone:
What would have happened to the deposits with Anglo etal?

Originally posted by Larkin:
Why BOI and AIB? I know that Anglo was the developers bank with no ATM's so is this why? The other two sets of liars were on 'our' side?

Originally posted by Blanco:
Are you happy with what we have got then? ie nothing only the likes of Cowen , Seanie and Fingers smirking at us.The inquires were to be held in full view of the public with those having legal recourse if they felt they were been hard done by. All the people done was back up the judgement in the Callely case, and made these parasites untouchable.Parliamentary inquires work in lot of other countries in the world.But here we are too concerned with Seanie's and Fingers rights to even ask them any questions.The people were taken in by McDowel's late intervention and just don't want to admit now, and he only done it to get some attention, he said at the time it wouldn't stop us having an inquiry , where is he now?

Originally posted by Larkin:
I know Ross was one of Fitzpatricks cheerleaders but it's hard to disagree with what he says here.Shane Ross: Remember, none of this catastrophe is the fault of bankers
WHAT A BANKER: While Richie Boucher became a millionaire, Bank of Ireland shareholders were being ruinedBy Shane Ross
Sunday July 01 2012COME back, Brian Goggin, Eugene Sheehy, Sean FitzPatrick, David Drumm, Michael Fingleton, Dermot Gleeson and Richard Burrows. All is forgiven. What a terrible misunderstanding.The banking collapse was not your fault. It was an awful mistake. You did not lend recklessly. You are perfectly fit to run a bank.On Thursday the Central Bank gave the all-clear to the surviving ghosts of the banking holocaust, the bankers who came through the 2008 massacre of Ireland's banks, the slaughter of small shareholders, the penury of taxpayers and the crippled Irish economy.Two guys who sat tight through the disaster, in which they were active participants, have been told to continue doing what they do worst -- run bankrupt banks.Richie Boucher,chief executive of Bank of Ireland, and Kevin Murphy, retiring chief executive of Irish Life, have been cleared by the Central Bank as suitable guys to continue in the careers which they have pursued with such disastrous consequences for Ireland.No one is saying that either Boucher or Murphy are dishonest. Far from it. But they are rich, very rich. Boucher receives a €690,000-a-year package. They have been made even richer since the banking Armageddon of 2008.While Boucher and Murphy became millionaires, their shareholders were being ruined. Bank of Ireland's share price has fallen from over €18 to Friday's level of just nine cent. Their dividends are no more.Boucher was a director throughout the collapse. He was chief executive while much of the slaughter of his innocent shareholders was happening.Irish Life's share price fell from a high of €22.80 in 2007 to Friday's level of just two cent while Kevin was a director. A board member since 1999, he was made chief executive in June 2009. The Central Bank has found that the duo are appropriate people to stay in the saddle.Are they joking ?Sadly not. The freshly tamed Central Bank is obviously dazzled by their record. Unlike the stock markets.Boucher's dismal career at the B of I merited an early bath in 2008 -- immediate retirement without a six-figure compensation package. Instead, he was promoted. He became the overall boss in 2009. His appointment was described by current minister Joan Burton as "a missed opportunity to signal a new development in the banking sector". Boucher is one of the old guard.Businessman Dermot Desmond expressed his "dismay" at Boucher's elevation, demanding a clean break.He said Boucher must have been responsible for "serious errors of judgment, including advancing loans to developers on the strength of overstated land values and insufficient security".Desmond's fears were borne out. The share price has tanked under Boucher.Boucher joined Bank of Ireland in 2003 and was made a full board director in 2006. He was head of B of I's Irish retail division and oversaw much of its land bank and development loans when they grew to €7.1bn. There is no record of him ever having held up his hand against the property madness.'Sean FitzPatrick and Michael Fingleton are perfectly fit to run banks'Less than three months before September 30, 2008 -- the day of disaster -- Boucher told an Oireachtas committee: "Unequivocally, we do not think that there is a Northern Rock in Ireland."He went on: "We do not believe that we have capital problems. The issues that we face are more down to liquidity, rather than capital."Echoes of former Financial Regulator Paddy Neary, who claimed that all the Irish banks were well capitalised, even as the foundations of the financial system were visibly shaking. Paddy lost his head for his trouble.The Central Bank launched its review of bank directors, painting itself as the regulator that was going to change the system.It was expected to clear out those who shared responsibility for the fiasco leading up to the property/banking collapse.None have faced penalties. Some have been rewarded with massive redundancy packages. The survivors have been found fit for office.The new Central Bank is an old paper tiger.