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That "special" bank account


ger12

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The Sindo today published a piece by Tom Lyons which revealed that Irish Nationwide had a "special" bank account called the 'No. 3 account'. This account was apparently jointly controlled by Michael Fingleton and one other member of staff. Payments could be made without formal limits including granting loans to politically sensitive figures.

Hmm, I wonder if we should demand to know the names of any political figure associated with this bank account? Or does it really matter?

Fingleton used special account for politically sensitive loans - Independent.ie
 


DCon

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Enda's boss is likely in there

Hogan's unorthodox loans were personally approved by Fingleton to allow him buy a pied-a-terre house in Dublin 4 and a luxurious penthouse in Portugal using two interest- only loans of at least a decade each, an aggressive equity release, and what appears to have been, for his final loan, minimal paperwork.
Nationwide's 'soft' loan to Hogan - Independent.ie
 

Analyzer

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Pity somebody could not get the contents, and send it to Wikileaks so that we could all have a good laugh at who was banking with the little bank of Fingers.

All of this reinforces the fact that INBS was of systemic importance to the establishment, and of SFA importance to the PAYE taxpayer.
 

ger12

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Question is, does it matter who the politicians were that received this "special" treatment?
 

Analyzer

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Well, if Fingers approved loans to Commissioner McCreevy, and Fingers approved loans for Big Fill, then Big Fill is perfect material to be an EU Commissioner.
 

DCon

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Question is, does it matter who the politicians were that received this "special" treatment?
It matters if these loans had any bearing on the votes made by the politicians in any legislation that affected Nationwide.

Or the influence these politicians brought to bear on any of their colleagues who prefer to sup pints in the Dail bar than read legislation they are due to vote on
 

CarnivalOfAction

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The Sindo today published a piece by Tom Lyons which revealed that Irish Nationwide had a "special" bank account called the 'No. 3 account'. This account was apparently jointly controlled by Michael Fingleton and one other member of staff. Payments could be made without formal limits including granting loans to politically sensitive figures.

Hmm, I wonder if we should demand to know the names of any political figure associated with this bank account? Or does it really matter?

Fingleton used special account for politically sensitive loans - Independent.ie
And we wonder why FG opt to attack the most vulnerable rather than properly tax the €27 million pension that FFingers awarded to himself.
 
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Well at least, thank God, there was no question of Fingleton getting paid off for sanctioning generous bank loans that might not have been granted otherwise or might not have had such advantageous terms, using go-betweens to offer the 'deal'. Thank goodness. That would have been an appalling vista. So it is good that that never happened. Ever.
 

Analyzer

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And we wonder why FG opt to attack the most vulnerable rather than properly tax the €27 million pension that FFingers awarded to himself.
Well....if you were in Big Fill's big shoes....who would you pick on ?
 

CarnivalOfAction

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Well....if you were in Big Fill's big shoes....who would you pick on ?
Well, 99% > 1%. That's the tradegy of the left in Ireland: every time LP gets a decent vote they take the mé féin option of going in with one of the backward, conservative FF/FG clones instead of tackling the wealthy vested interests.
 

Radix

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Question is, does it matter who the politicians were that received this "special" treatment?

Yes.

Having come through an era of homogenized consensus which wrecked the country, we need to see just who exactly are the special people.
 

DCon

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Quite the comedian, Phil

Phil Hogan (Minister, Department of Environment, Community and Local Government; Carlow-Kilkenny, Fine Gael)

Trust is essential to any democracy. It is what is vested in each public representative at the point of election and it is what is expected of them throughout their service to their electorate. When members of the public cast their vote for any one of us, what they are effectively saying is: “We trust you”; “We trust you to champion and support our interests”; and “We trust you to be straight, honest and honourable”. They must have confidence and certainty that we will, at all times, represent their needs, not ours.

The people will always give out about politicians - that comes with the territory - but when they believe that politicians abuse the honour of representing them in order to feather their own nests, that goes far beyond mere criticism to a complete loss of trust in those elected and a loss of faith in the entire political system.
Government Response to Mahon...: 19 Jul 2012: Dáil debates (KildareStreet.com)
 

Catalpast

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The Sindo today published a piece by Tom Lyons which revealed that Irish Nationwide had a "special" bank account called the 'No. 3 account'. This account was apparently jointly controlled by Michael Fingleton and one other member of staff. Payments could be made without formal limits including granting loans to politically sensitive figures.

Hmm, I wonder if we should demand to know the names of any political figure associated with this bank account? Or does it really matter?

Fingleton used special account for politically sensitive loans - Independent.ie
Sounds a bit fishy to me...
 

jmcc

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Fingleton should be asked to name them. If he does not, questioning should be enhanced.
 

stanley

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And we wonder why FG opt to attack the most vulnerable rather than properly tax the €27 million pension that FFingers awarded to himself.

Fingers moved this pension away from INBS, at a guess to get even more control on where funds were invested, if he was listening to his good pal Seanie's advice the vast majority would have gone into financial shares.

It is also possible he may have used the pension pot to borrow further funds.
 

stanley

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Well at least, thank God, there was no question of Fingleton getting paid off for sanctioning generous bank loans that might not have been granted otherwise or might not have had such advantageous terms, using go-betweens to offer the 'deal'. Thank goodness. That would have been an appalling vista. So it is good that that never happened. Ever.

Allah Akbar, these alleged "go-betweens" must be feeling very uncomfortable these days, the **** must be fed up of crowing in the garden.
 

CarnivalOfAction

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Fingleton should be asked to name them. If he does not, questioning should be enhanced.
Waterboarding? Or even threatening to give his pension to a deserving cause?
 

Analyzer

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Waterboarding? Or even threatening to give his pension to a deserving cause?
Now Fingers is a great man for appearing at charity events.

And he was even honoury CEO of a charity organization that gets lots of positive media coverage.

But you are hardly suggesting that he dips his hand into his own pocket are you ? :p
 

im axeled

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I watched a documentary on RTE about two years that reported Fianna Fails Charlie McCreevy helped himself to two of those loans. No questions asked.
was not one of them a 110% loan to get a pad at a rather plush golf course.
 

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