search the site
 daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine | posting guidelines

Go Back   SkyscraperCity > European Forums > UK & Ireland Architecture Forums > Projects and Construction > Irish Architecture Forum

Irish Architecture Forum Architecture, Planning and Transport on the Island of Ireland



Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Reply

 
Thread Tools
Old July 2nd, 2013, 12:30 AM   #21
odlum833
Registered User
 
odlum833's Avatar
 
Join Date: Sep 2007
Location: Dublin
Posts: 10,004
Likes (Received): 2092

In fairness it's not Paul Williams doing the real analysis (obviously). He only received the tapes. It's the financial journalists getting the substance out of it. He said this himself.


Also aside from the source of the tapes (the gardaí - that's why PW had them (not fact! just opinion)) there is also the issue of the time the paper has had them which is apparently 5 months.

Actually Vincient Browne rightly pressed a journalist (Fionnan Sheehan) from the Indo on this the other night and Sheehan got very ratty. Browne then had him banned from the show allegedly (One less mouth piece for Denis O'Brien)





The Indo will be milking this for months. I'd rather they were all just released in one go.
__________________
Ireland forum is here

http://www.skyscrapercity.com/forumdisplay.php?f=1596

Last edited by odlum833; August 7th, 2013 at 08:40 AM.
odlum833 no está en línea   Reply With Quote

Sponsored Links
Old July 2nd, 2013, 09:12 AM   #22
odlum833
Registered User
 
odlum833's Avatar
 
Join Date: Sep 2007
Location: Dublin
Posts: 10,004
Likes (Received): 2092

Quote:
Tapes reveal AIB as reckless as Anglo Peer

http://www.ft.com/intl/cms/s/c3bc6fd...om%2Fhome%2Fuk
__________________
Ireland forum is here

http://www.skyscrapercity.com/forumdisplay.php?f=1596

Last edited by odlum833; July 2nd, 2013 at 05:36 PM.
odlum833 no está en línea   Reply With Quote
Old July 3rd, 2013, 12:33 AM   #23
thebig C
Registered User
 
Join Date: Jun 2009
Posts: 2,219
Likes (Received): 322

I agree Odlum.....release they all and be done with it. I start getting nervous regarding motivations when I see papers delaying stories to ensure impact. I raises questions about weather they actually want to report the News or cause controversy.

I don't really like Sheehan but Browne is a rude arrogant bully.

C

PS: O'Brien is a colossal douche, but all the outrage regarding his control over the media baffles me.....especially since those shouting loudest didn't have any such qualms when it was Tony O'Reilly who had a near monopoly!!
thebig C no está en línea   Reply With Quote
Old September 15th, 2013, 10:48 AM   #24
odlum833
Registered User
 
odlum833's Avatar
 
Join Date: Sep 2007
Location: Dublin
Posts: 10,004
Likes (Received): 2092

And we're off again...


Quote:
New Anglo Tapes: 'We've f**king let the world down'

Anglo's Bowe laments lack of dinner party invites while Ireland's wealthy elite transfer €500 million in two days into Germany


15 SEPTEMBER 2013

A LEADING British banker told Anglo Irish Bank Head of Treasury John Bowe that the banking industry had "totally ******* let the world down", but it was politicians such as then Taoiseach Brian Cowen who would lose their jobs.


Mr Bowe replied "Yeah", but added that the politicians in charge had to take responsibility for the crash because "you pay the piper, you call the tune".

In fresh revelations from the Anglo Tapes, Matt Pass, a senior executive in Merrill Lynch, which advised the State on the bank guarantee, admitted he felt "quite guilty" about the banking industry's conduct.

He said that what had been "handed" to politicians meant that Mr Cowen and then British Prime Minister Gordon Brown "are going to lose their jobs".

However, Mr Bowe did not absolve politicians, telling the UK banker that "if he [Gordon Brown] did not have banks handing out credit during the New Labour years, people would not have spent money, the economy would not have been as prosperous".

The Merrill Lynch executive also suggested to Mr Bowe, in a conversation in October 2008, that political leaders could have told the banks in the years before the crash that they "shouldn't have been doing the kind of lending they were doing".

But he added that if they had done that, "there would have been an almighty stink".


In another conversation in late September 2008, Anglo's chief financial officer, Matt Moran, told Mr Bowe how Ireland's wealthy were moving their money to Germany.

He told Mr Bowe he had heard from a senior stockbroker that "significant money (had) come out of AIB and Bank (of Ireland) . . . and going into German bunds". This, he said, was being done "in the high private client side".

He said he had been told about "super-high net worth money held in some cash-type accounts and orders by custodians to move it into [German] bunds".


In the course of only two days, the bankers speculated that Ireland's wealthy could have put as much as €500m into Germany.

Mr Bowe also told Mr Moran how Anglo worked with Irish Life & Permanent to prop up its balance sheet.


"Permo [Irish Life & Permanent] were on to us, they were short a billion, em, and kind of caught short – it sounds like all the corporate stuff [deposits] has left Permo, so the Central Bank is obviously aware of that, but they got 300 [million] on Friday and they got another, I think it was 850 [million], today from us and we just have to see what happens, but they're paying it back tomorrow, that's the basis on which we did it," Mr Bowe told Mr Moran.

"So it feels a bit better, Matt – I suppose that's the best way of putting it – and in terms of our days, days to disaster, you can kind of stretch that, stretch that out, y'know?"


Mr Moran laughed before replying: "Yeah."

Mr Moran hit the head-lines last week when it emerged he had been granted immunity from prosecution by the Director of Public Prosecutions for all matters relating to Anglo Irish Bank. He has previously featured several times in the Anglo Tapes, as well as in Anglo emails in which he refers to contacts during the crisis with then Fine Gael leader Enda Kenny, who he calls "Enda K", and then Fianna Fail TD, Beverly Flynn.

In another recording, in April 2008, while talking to Anglo CEO David Drumm, Mr Bowe described Sean Quinn as "like a cancer, this is like a cancer growing on the bank".

He said at this stage the bank was "in a spiral, and I want the spiral to go away".

In another conversation around that time – a month after the bank guarantee – Mr Bowe is again talking to Mr Drumm, who is complaining that Finance Minister Brian Lenihan has made a statement about the importance of systemic banks. Mr Drumm claims that in doing so "he just made a balls of it. He killed us".

Mr Bowe told Mr Drumm that Anglo (and Irish Nationwide) were not considered systemic banks – and therefore worth saving – because "we don't give, pay people's wages and have ATMs and do stuff like that". Mr Drumm replies: "Oh, yeah, the cash out of the wall."

Mr Drumm then suggested that the Government was "trying to kill us". "I think they have been trying to force us into a tougher spot"... so that they could... "act under the Central Bank Act, y'know, to protect the stability of the system".

- TOM LYONS and GAVIN SHERIDAN Exclusive

Sunday Independent
http://www.independent.ie/business/w...-29580091.html
__________________
Ireland forum is here

http://www.skyscrapercity.com/forumdisplay.php?f=1596
odlum833 no está en línea   Reply With Quote


Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Related topics on SkyscraperCity


All times are GMT +2. The time now is 02:11 AM.


Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions Inc.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

Hosted by Blacksun, dedicated to this site too!
Forum server management by DaiTengu