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Former Central Bank Governor John Hurley Described Bank Guarantee As Heroic Act


YouKnowWhatIMeanLike

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Heroic act my ars John Hurley you and your kind has f*cted up and this time big. As confirmed by the Independent today John Hurley was an avid admirer of Brian Cowens decision to guarantee all the toxic banking debt to protect his Fianna Fáil cronies and bankers. The selfishly motivated bank guarantee was the single most perfidious act performed in modern history in Ireland.

Fatal guarantee by Finance was 'heroic': Hurley - Irish, Business - Independent.ie

What exactly is heroic in this cowardly act that has ruined the taxpayer?
 
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Mushroom

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Heroic act my ars John Hurley you and your kind has f*cted up and this time big. As confirmed by the Independent today John Hurley was an avid admirer of Brian Cowens decision to guarantee all the toxic banking debt to protect his Fianna Fáil cronies and bankers. The selfishly motivated bank guarantee was the single most perfidious act performed in modern history in Ireland.

Fatal guarantee by Finance was 'heroic': Hurley - Irish, Business - Independent.ie
Congrats to the SIndo for getting this important information into the public domain. Hurley's comments are interesting; in fairness to him, for all that he was an incompetent b0ll0x, at least he was opposed to Ahern's / Dermot McCarthy's craven bribing of the Social Partners with taxpayers' funds.

"Hurley also admitted that the government spent money and pandered to trade unions "at the edge of prudence" during his time in the hot seat. He said social partnership "damaged" flexibility and "fiscal discipline and the prism of competitiveness was lost".
 

GDPR

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Brian Cowens decision to guarantee all the toxic banking debt to protect his Fianna Fáil cronies and bankers.
How, exactly, did it "protect his Fianna Fáil cronies"?

I ask merely out of a sense of fun, knowing you haven't a f**king clue, but say it anyway.
 

YouKnowWhatIMeanLike

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Congrats to the SIndo for getting this important information into the public domain. Hurley's comments are interesting; in fairness to him, for all that he was an incompetent b0ll0x, at least he was opposed to Ahern's / Dermot McCarthy's craven bribing of the Social Partners with taxpayers' funds.

"Hurley also admitted that the government spent money and pandered to trade unions "at the edge of prudence" during his time in the hot seat. He said social partnership "damaged" flexibility and "fiscal discipline and the prism of competitiveness was lost".
I agree but this heralding of free market zealotry by civil servants is more than pathetic. Sean FitzPatrick has the same line and in the end asked the Irish taxpayer to take the bullet for him. it's the same old privatization of profits and socializing of losses agenda that these so called free market heroes pursue.
 

LamportsEdge

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Tell us there wasn't a backstairs paperwork-lite system for distributing mortgages to the faithful around Dublin, Tonic?

Because we know there was. It is public information and even the clerk in charge of that 'non-recourse'paperwork who draw up the minimal paperwork for Fitzpatrick has been named in the papers.

Tell us that Haughey's family for instance didn't get bank loans on the hurry up in 2007 from Anglo to buy properties in New York.

Or are you going to tell us that the Haughey family have no connections to Fianna Fail?
 

FakeViking

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How, exactly, did it "protect his Fianna Fáil cronies"?

I ask merely out of a sense of fun, knowing you haven't a f**king clue, but say it anyway.
Post #3 and Tonic is already resorting to personal abuse to defend his tribe. Is this a record?
 

Mushroom

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Post #3 and Tonic is already resorting to personal abuse to defend his tribe. Is this a record?

P.ie's very own Typhoid Mary always seeks to contaminate threads that are embarrassing to his beloved FF as soon as possible. He simply can't help it, it's in his DNA.

Edit - I see that he has admitted as much in post #7!
 

LamportsEdge

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Hey Tonic, are the Haugheys now Fine Gael connected in your tiny mind? Better dash off back to the Mount St bullshyte distributor for a top-up. That reminds me- is Mount Street owned by Fianna Fail or is there a mortgage on it.

And if there is a mortgage on it who was the lender?
 

He3

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Heroic is a word with shades of meaning, which Mr Hurley would appreciate.
 

YouKnowWhatIMeanLike

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How, exactly, did it "protect his Fianna Fáil cronies"?

I ask merely out of a sense of fun, knowing you haven't a f**king clue, but say it anyway.
Sean FitzPatrick was appointed to a number of state boards by Fianna Fáil politicians for a reason. Anglo Irish Bank was one of the core Fianna Fáil banks. Open your f*cking eyes tonic denial is not a river in Egypt. This was a setup and they just needed a few helping hands and one more giveaway budget to share some of the loot.
 

LamportsEdge

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And Charlie McCreevy's 'performance review board' which distributed Fianna Fail inspired bonuses to Secretary General and Deputy Secretary Generals across all Irish civil service departments was administered by a Board which included a former Chairman of Anglo Irish Bank plus a member of the Board of the Independent News Group.

If that wasn't a Fianna Fail cowpat stinking of the usual Fianna Fail slurry then I don't know what was.

The 'look the other way' money paid to senior civil servants to disregard regulations for Fianna Fail and made a lie out of the independence of the civil service and Charlie McCreevy and a former Anglo Irish Chairman at the helm of it.

How much of a smell of Fianna Fail shyte around that bank do yo want, Tonic?
 

GDPR

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Sean FitzPatrick was appointed to a number of state boards by Fianna Fáil politicians for a reason. Anglo Irish Bank was one of the core Fianna Fáil banks. Open your f*cking eyes tonic denial is not a river in Egypt. This was a setup and they just needed a few helping hands and one more giveaway budget to share some of the loot.
#2
How, exactly, did it "protect his Fianna Fáil cronies"?
 

Con Gallagher

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How was first guarantee either heroic/treachery/significant after the 12th October, 2009, when the euro countries decided in Paris that no bank would be allowed fail?
 

Furze

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How was first guarantee either heroic/treachery/significant after the 12th October, 2009, when the euro countries decided in Paris that no bank would be allowed fail?
Could the the guarantee indirectly have forced this decision ?
 

YouKnowWhatIMeanLike

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#3
How, exactly, did it "protect his Fianna Fáil cronies"?
It would be more accurate by Hurley to describe the decision to protect Anglo Irish Bank as an act of cowardice and selfishness.

The details are buried in the Anglo Irish Bank loan book.
 

GDPR

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It would be more accurate by Hurley to describe the decision to protect Anglo Irish Bank as an act of cowardice and selfishness.

The details are buried in the Anglo Irish Bank loan book.
You haven't a clue, in other words.

That's all you had to say in the first place.
 
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