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BOI's Goggin "to go within weeks"




He3

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The sawing away of the branch continues, and the branch grows shorter and shorter. But still it is too long.
 

southwestkerry

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After he has sorted out his 'paper work'
 

Catalpa

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Question is who decided this - Mr Goggin or Mr Lenihan?

If the latter then this is just another example of the schizophrenic nature of the Governments response to the Banking Crises.

That would leave us in a situation where International investors would (quite rightly) see BOI as to all intents and purposes under the effective control of the State.
 

spidermom

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He was retiring in june anyway!!


So he waits a couple of months before he's quids in !!!


Just a thought with all this bank chiefs "stepping" down ( and they should) BUT...........

WHO IS GONNA replace them?

The 2nd in command??

Any banker with an ounce of morals,would they want TOP job?
Would any international banker really WANT to sort out this disgraceful mess??


Out of the frying pan............................
 

White Horse

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Question is who decided this - Mr Goggin or Mr Lenihan?

If the latter then this is just another example of the schizophrenic nature of the Governments response to the Banking Crises.

That would leave us in a situation where International investors would (quite rightly) see BOI as to all intents and purposes under the effective control of the State.
I think the government sees the bankers as being even more unpopular than them and will annouce a string of "resignations" over the coming weeks.

They hope it will deflect attention from themselves.

No-one from the Central Bank or the Dept. Of Finance will be fired though.
 

Utopian Hermit Monk

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Interesting little exchange between Mr. Goggin and Deputy Higgins at this morning's session of the Banking Inquiry:

[video=youtube_share;jNT0RJgbu-o]http://youtu.be/jNT0RJgbu-o[/video]

Goggin refused to answer the question about Apollo Management.

This is the Herald article cited by Higgins: Dan White: The best thing that BoI's Goggin can do is? Stay away, don't come back - Herald.ie

WHEN it comes to sheer brass neck the former Bank of Ireland boss Brian Goggin is in a league of his own.
...
One would have thought that having presided over such a financial train-wreck the least that Goggin, who received a €650,000 annual pension from Bank of Ireland when he left, would do is quietly disappear.

But no, after a "decent" interval out of the limelight it appears that Goggin is back.

He is fronting up a bid by private equity group Apollo to buy distressed property loans from the Irish banks and the Irish subsidiaries of foreign banks.

If Goggin and his pals get their way then they will buy these loans at a hefty discount and, when the property market recovers in a few years, flog them on at a profit.
...
Has this man no shame? Does he not realise the outrage felt by Irish taxpayers, who were raped and pillaged to pay for the banks' blunders, towards the former bank bosses? ...


Goggin hooks up with giant

AS Bank of Ireland struggles to escape state ownership, Brian Goggin -- the former chief executive who racked up billions of euros of bum property loans -- has joined up with €42bn private equity giant Apollo Management to target distressed financial assets and other investments. ...
 

Utopian Hermit Monk

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Perhaps Goggin could audition for a role in a new series?
 

Utopian Hermit Monk

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Goggin confirmed that he has not agreed to any reduction of his €650,000 per annum pension.
 

spidermom

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Can we watch Trichet live anywhere folks??
 

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