Comical Ali: Cowen spoofs his way through a July '08 Bloomberg Interview

He3

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Ten weeks before the panicked September '08 Guarantee Brian Cowen, visiting the New York Stock Exchange, was asked why the values of Irish banks had plunged more than 70% and if the government planned to step in to save them.

"It's important to point out that our banking system in Ireland is very well capitalised," he said. He said more...

The Irish economy is greatly diversified...good public finance position.... sufficient room to manoeuvre.... no need to support banks...

[ame="http://www.youtube.com/watch?v=vc8ykHoBXmQ"]YouTube- Insight For Ireland's Economy; Worldwide Effects Of Subprime Crisis[/ame]

More on this by Ken Foxe in the Tribune who calls it 'a moment more befitting of Comical Ali, the famous Iraqi information minister, who memorably insisted the Second Gulf War was being won even as the tanks and troops of the United States encircled Baghdad.'


Cowen hailed 'healthy' Irish bank system just weeks before it collapsed
 
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Podolski1.5

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At least Comical Ali was funny.
 

hammer

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Very well capitalised :)


Underlying fundamentals in the economy are sound :)
If you exclude construction sector we are showing growth :)
 

FakeViking

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I wonder if Bloomberg will sell the copyright on this to FG, it alone should be the Party Political in the forthcoming GE. Particularly when you realise her questions (and the idiot's answers) were rehearsed.

"We don't have any significant exposure to the sub prime sector"

Tell that to the people in negative equity, or those conned into "equity release" scams.
 

Cassandra Syndrome

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Holy....
 

Tigris Celtica

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What is really hilarious is, that if you asked him the exact same questions now, you would get the exact same answers.
Yes indeed - Mary Coughlan spewed out much of the same complete Horlicks on that BBC Hardtalk interview just recently. .:roll:

We should all be taking to the streets and demanding that these fools are removed from office immediately and imprisoned for their criminal mismanagement of the country. Cowan remaining in office as he is is doing nothing for either the credibility or dignity of the office of Taoiseach. .:mad:
 

He3

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That performance deserves an Oscar.

But in what category?
 

Partizan

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Clowen - "I think its important to point out that the underlying fundementals of the economy remain strong"

Oh Holy Jesus :lol:
 

Tomas Mor

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And the media kept asking was Enda Kenny up to the job !. The band played on, " Nearer My god to thee"
 

Tomas Mor

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And the media kept asking was Enda Kenny up to the job. And The band played on " Nearer my God to thee". And was it not later that month the Sindo did the famous caravan interview with him from Ballyconneely.
 

He3

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Is the caravan interview on YouTube yet?
 

Cassandra Syndrome

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Where is tonys / hal / tonic / obione these days?
 

Libero

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And this from the man who tells us it's important we do as he says about how we treat the banks, or we'll lose credibility in the international markets.

Has anything ever lost the state more credibility in those markets than the sort of carry-on in that clip, and how this government has hitched national solvency to the solvency of basketcase banks?
 

He3

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And this from the man who tells us it's important we do as he says about how we treat the banks, or we'll lose credibility in the international markets.

Has anything ever lost the state more credibility in those markets than the sort of carry-on in that clip, and how this government has hitched national solvency to the solvency of basketcase banks?
tonic might tell us the answer to that question?
 


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