Cowen fury at BBC over 'when not whether' bailout claim - Sunday Independent

truepatriot

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This is a non story., like the articles about morgan kelly. They have a go at anybody that dares to tell the truth. I wonder what has cowen got on all these idiots, cocoran, harris, o connor, etc.
 


anfieldabff

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FF controlls their salaries by proxy. Tony O Reilly owes FF.

This is a non story., like the articles about morgan kelly. They have a go at anybody that dares to tell the truth. I wonder what has cowen got on all these idiots, cocoran, harris, o connor, etc.
Just to emphasise the point, Fionnan Sheehan's wife is an advisor to Mary Hannafin and a failed FF canditate in the 2009 local elections.
Now there is a snipit that is never mentioned in the Sindo, Media Impartiality my ar---.
Independent newspapers made millions from the property boom, Tony O Reilly made millions from Eircom, no wonder he supports FF.
 

Boy M5

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Tony O Reilly made millions from Eircom, no wonder he supports FF.
& screwed our children's future into the bargain. We went from the leaders in European telecoms to complete lagards as O'Reilly paid money out dividends and interest (it was a leveraged buy out).
 

ocoonassa

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Fianna Fáil literally means 'soldiers of Ireland'. However, it could legitimately by translated as 'soldiers of the hedge'. The noun Fál can mean hedge ditch or Ireland.

fianna fáil's destiny is reaching its final chapter. However I don't think that fine Gael, 'the tribe/family of the Gael' is any less camp than FF. Irish politics need to man up!
Agreed, they're both as camp as Christmas.

I had always thought that the Fáil in question was the Stone of Destiny that roared when the rightful Monarch put their feet on it.
 

Future Irish Leader

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i wouldnt be worried that cowen is furious , cowen is a lame duck at best he cant do anything , id be worried if it was a new powerful government now but no its just fianna fail trying to deny the inevitable bailout that will embarass ff and kill them even more at the polls
 

Radix

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Haven't you posted that a number of times already?
Yeah, what did you think Ellie?

Thanks for reposting it by the way, cos it is a message people like to conveniently forget; we all played a part in the bubble blowing.
 

hammer

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Will someone tell BIFFO that they have a very expensive gym in Dail Eireann courtest of the taxpayer.

I had a sneaky look into the most expensive newsagents in the world in Dail Eireann. Wow. 166 customers + some staff maximum footfall per day. :)

Have a wide range of cards. "Get well soon" probably the most popular.
 

slippy wicket

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I dont know what we are all so worked up over.
'Nasty little man' Ahern on The Week in Politics has said that there is no truth in the bailout story.
He is such a rock of probity we must all bow down to his enormous .... ego. ;)
 

asset test

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I dont know what we are all so worked up over.
'Nasty little man' Ahern on The Week in Politics has said that there is no truth in the bailout story.
He is such a rock of probity we must all bow down to his enormous .... ego. ;)
What a blasphemous comment....to the stocks with you. :p
 

Mitsui2

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Which of the three monkeys are you Tonic?
A case could be made for his/her being all three rolled into one at various times.

The old TonyS identity was a case of "see no evil" (especially when it came to Bertie); the "HAL" ident was incapable of hearing any evil spoken of the beloved Party; and tonic, the latest incarnation, is not so much "speak no evil" as "speak-no-evil-of-FF-and-go-baldheaded-for-anyone-who-does".
 

Mitsui2

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who then will offer terms of surrender, and what of the children gormless, eamon nice, michael lowry, quackie healy rae-we must think of the children
Mammy O'Rourke is readying the cyanide tablets for them even as we speak....
 

Keith-M

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Will someone tell BIFFO that they have a very expensive gym in Dail Eireann courtest of the taxpayer.

I had a sneaky look into the most expensive newsagents in the world in Dail Eireann. Wow. 166 customers + some staff maximum footfall per day. :)

Have a wide range of cards. "Get well soon" probably the most popular.
I believe they've got a large box of "Bon Voyage" ready in the cupboard.
 

WTTR

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Subprime mortgage crisis in the U.S., Europe is seeing the same thing now

Looks like our Taoiseach will have to turn his fury on Reuters in Washington. These people are the first official media to recognise that we in Europe are now going through the equivalent of a sub-Prime crisis. Wow! they don't realise it yet, it is going to be huge in Ireland.
Fading Luck of the Irish
(Reuters) - It is difficult to believe that financial turmoil in a country as small as Ireland, whose economic output roughly matches the state of Maryland's, could have worldwide repercussions. -------------------------------------------
Critics say China keeps the yuan unfairly low by pegging it to the dollar, while many emerging nations have begun to blame the Fed's ultra-low interest rate policy for fueling bubbles and excessive appreciation of their currencies.

But Ireland stole the show. The country is in talks to receive emergency funding from the European Union and is likely to become the second euro zone country, after Greece, to obtain an international rescue, sources said on Friday.

Irish borrowing costs have shot to record highs this week, pushing European interbank borrowing costs up, because of concern about the country's ability to reduce a public debt burden swollen by bank bailouts. There are also worries that private investors will have to take a hit in any eventual restructuring of the debt.

"This is really a banking crisis," said David Wyss, chief economist at Standard & Poor's. "If you look at the subprime mortgage crisis in the U.S., Europe is seeing the same thing now." Fading luck of the Irish | Reuters
 

hammer

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I`d say the BBC are slitting themselves :)

A little fat guy, about 5`5`` with a beer belly, going bald.

They probably think Santa is out to get them :)
 

MPB

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Looks like our Taoiseach will have to turn his fury on Reuters in Washington. These people are the first official media to recognise that we in Europe are now going through the equivalent of a sub-Prime crisis. Wow! they don't realise it yet, it is going to be huge in Ireland.
Of course we were told that we did not have a sub prime mortgage crisis here because we did not have too many sub prime lenders.

What they failed to realise was that every mortgage given after 2004 was a sub prime mortgage.

The American version was people who could not afford an average home receiving a mortgage because those was the rules, thanks to dim wit neo liberal Clinton.

The Irish version was those that could afford an average home having to pay over the odds for the average home, hence creating a sub prime market where none should have existed.

The Irish citizen was used to enrich FF developer donors. The Irish Banks decided they wanted a slice of the action.

The Irish citizen is now expected to bailout FF, their donors and the corrupt Banks.

Will we do it?
 

WTTR

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Donegal South West bye-election is going to be fascinating for this very reason

Of course we were told that we did not have a sub prime mortgage crisis here because we did not have too many sub prime lenders.

What they failed to realise was that every mortgage given after 2004 was a sub prime mortgage.

The American version was people who could not afford an average home receiving a mortgage because those was the rules, thanks to dim wit neo liberal Clinton.

The Irish version was those that could afford an average home having to pay over the odds for the average home, hence creating a sub prime market where none should have existed.

The Irish citizen was used to enrich FF developer donors. The Irish Banks decided they wanted a slice of the action.

The Irish citizen is now expected to bailout FF, their donors and the corrupt Banks.

Will we do it?
What always amazed me was the number of guys right cross the banking spectrum in Ireland who were made managers while in their thirties from the 1970's onwards. These guys never knew what it was like to be lumbered with the financial strain of an ordinary mortgage as families and expenses increased faster than income.

Then when they got into top management; they had not a clue on the reasons banks used to only lend on two and a half times salaries on loan mortgage applications. These guys were living in another financial sphere, not connected to the financial pangs associated with raising a family. They lent out up to nine times salary with abandon!

There were no real boundaries or limitations. The primary aim of the game now was to make money for the financial institution; the more they lent the more the interest etc. The fact that money was to be used as a conduit for the customer to buy a reasonable house at a reasonable price was considered to be a soft-hearted approach to life.

Social, commercial or religious guidelines within the wider Irish society were not heeded anymore. The main failure for Ireland is that our leaders were not adequately glued in or aware of the dangers resulting from the breakdown of long held beliefs etc. or even why the norms were there in the first place. The leaders were not concerned; this resulted in a leakage of this unconcern phenomenon right through the professional classes (This is where, the real breakdown occurred) in Ireland; where rules, conventions, norms, principles were pushed to one side with abandon.

Our leaders were not concerned. There was not enough pressure upwards from the professional class to get them to cop-on; in fact a minority of our professional classes made huge money from this abandonment of rules and regulations. Only the innocent and not well connected suffer from the pseudo and sometimes ill thought-out rules that are there to give the appearance of a regularity regime; this is no way to run a society. But the primary responsibility is with the government leaders of our society who could not see, hear or remember events when asked to account for their own actions in Tribunals etc. Leaders should make laws, but they must also be seen to operate within the same laws: the alternative is anarchy when it clicks with the monkeys that their masters are irresponsible and the bars of the cage can be bent!

Sadly for Ireland, our opposition politicians also have no clear cut alternative values to offer the electorate! The outcome of the Donegal South West bye-election is going to be fascinating for this very reason. :cool:
 
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