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 Post subject: Re: Anglo's Willie McAteer to be charged today..........
PostPosted: Tue Jul 24, 2012 9:30 am 
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roc wrote:
everybody knows wrote:
roc wrote:
Bad and all as Fitzpatrick and his ilk are, there's a bad taste left in my mouth which is that back during the two bubbles of 1995-2002 and 2002-2007 (especially during the second bubble), he was held up as a hero. So many of those of the Irish Establishment now sitting quietly, doing their day to day work, sometimes speaking as judge and executioner of the likes of Seanie and his ilk, are the very same people who regarded Seanie and all he stood for as "the good". Now, they swing around to regard him as "the bad". Most of the general public are implicated in this dynamic, too. There's something so very Orwellian, totalitarian, institutional about it all. Also, so much of it is for show, for public consumption, a masquerade of so called "justice" and "democracy" in action. Shadows on a cave wall. There is so much more reality behind what we're given to see.


Seanie and his mates in Anglo do have mouths . Sean Quinn also has one .

How do you mean? Are you talking about the fact that they may "rat out" other members of our establishment and/or its institutions? If so, I'd point out that it looks like they're only going to charge them with collusion to prop up the share price or similar. Once all the extenuating circumstances are taken account of, I'd be surprised if any of them serve more than a year in jail. Now, the point is that there is plenty more that was going on with Anglo and personal connections between Anglo brass and other Irish establishment brass and all that followed from that. But that will be let lie. It would mean vastly more jail time for the Anglo brass. ie. It suits both parties... It is all optics. The current investigation has been all about white-wash, focused on certain issues with the purpose of pushing other issues into the background... I recall three years ago politicians wanting to get the Anglo probe over "as quickly as possible". http://www.reuters.com/article/2009/02/ ... 0220090211 Well, the other way to do it, is to draw the process out as long as possible, and over-complicate trivial matters... Also, the issue they decided to focus on is not black and white. For example, considering the circumstances, perhaps it will be possible to prove that the money was "lent as part of the ordinary business of the company”. Also, no more than 3% was sold to any single one of the golden circle, thereby keeping the share purchases below the disclosure levels required by the Stock Exchange. And there is plenty else. I'm not a betting man, but I'd bet on this so called investigation being a white-wash and cover-up. Another five years or so we should see.


I tend to agree, looks like they could of gone with these charges in he first couple of months of their emmmm investigation

So now with judge Kelly getting a tad uppity they need to show something

They have one forensic accountant on their team and 27 guards whom presumably have a leaving cert, hopefully one or two of them took business org. Maybe I am missing something perhaps all the fraud squad guys have all been sent on some high intensity crash course on uncovering white collar crime to some top American university ? The lady guard we seen yesterday what qualifications does she have?

Now compare this to financial heavyweights that the bankers will undoubtedly have on speed dial on their mobiles throughout this debacle

Let's not forget also the fraud squad guys who jumped shop during the investigation and whom may well be advising the same bankers they were investigating

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 Post subject: Re: Anglo's Willie McAteer to be charged today..........
PostPosted: Tue Jul 24, 2012 10:04 am 
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beolight wrote:
Let's not forget also the fraud squad guys who jumped shop during the investigation and whom may well be advising the same bankers they were investigating

Surely that's unthinkable? :roll:

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 Post subject: Re: Anglo's Willie McAteer to be charged today..........
PostPosted: Tue Jul 24, 2012 10:50 am 
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Mossy_Heneberry wrote:
I thought Mr Fitzpatrick had to hand in his passport when he declared bankruptcy???


+1

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 Post subject: Re: Anglo's Willie McAteer to be charged today..........
PostPosted: Tue Jul 24, 2012 10:59 am 
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Homeboy wrote:
beolight wrote:
Let's not forget also the fraud squad guys who jumped shop during the investigation and whom may well be advising the same bankers they were investigating

Surely that's unthinkable? :roll:


Do we have more information on this? Link?

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 Post subject: Re: Anglo's Willie McAteer to be charged today..........
PostPosted: Tue Jul 24, 2012 11:00 am 
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Thing Fish wrote:
Mossy_Heneberry wrote:
I thought Mr Fitzpatrick had to hand in his passport when he declared bankruptcy???


+1


And yet he was flying in from Atlanta.

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 Post subject: Re: Anglo's Willie McAteer to be charged today..........
PostPosted: Tue Jul 24, 2012 11:09 am 
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Homemaker wrote:
And yet he was flying in from Atlanta.
Where did he get the money for that?

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 Post subject: Re: Anglo's Willie McAteer to be charged today..........
PostPosted: Tue Jul 24, 2012 12:00 pm 
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Thing Fish wrote:
Mossy_Heneberry wrote:
I thought Mr Fitzpatrick had to hand in his passport when he declared bankruptcy???
+1
Citizen's Information Board / What is bankruptcy / Other consequences of bankruptcy are:
Quote:
If you wish to travel outside the State, you should tell the Official Assignee. You may be arrested if it seems to the High Court that you are leaving the State in order to avoid the consequences of your bankruptcy.
So it seems he can travel (I'd be surprised if he couldn't, given the importance of free movement within Europe), but he should at least send text message to the Official Assignee.

Wasn't he over in Poland/Ukraine for one of the matches during the Euros?


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 Post subject: Re: Anglo's Willie McAteer to be charged today..........
PostPosted: Tue Jul 24, 2012 12:21 pm 
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Homemaker wrote:
Thing Fish wrote:
Mossy_Heneberry wrote:
I thought Mr Fitzpatrick had to hand in his passport when he declared bankruptcy???


+1


And yet he was flying in from Atlanta.


maybe he had to hand over passport for the duration of the Ireland bankruptcy hearings.

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 Post subject: Re: Anglo's Willie McAteer to be charged today..........
PostPosted: Tue Jul 24, 2012 1:24 pm 
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roc wrote:
Also, no more than 3% was sold to any single one of the golden circle, thereby keeping the share purchases below the disclosure levels required by the Stock Exchange.

Are there no rules about acting in concert in Irish law/ stock exchange rules? That seems patently ridiculous. Even more ridiculous would be claiming that the Quinns do not act in concert.


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 Post subject: Re: Anglo's Willie McAteer to be charged today..........
PostPosted: Tue Jul 24, 2012 1:33 pm 
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Open Window wrote:
Homeboy wrote:
beolight wrote:
Let's not forget also the fraud squad guys who jumped shop during the investigation and whom may well be advising the same bankers they were investigating

Surely that's unthinkable? :roll:


Do we have more information on this? Link?



http://www.independent.ie/national-news ... 96243.html

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 Post subject: Re: Anglo's Willie McAteer to be charged today..........
PostPosted: Tue Jul 24, 2012 1:48 pm 
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Seanie Fitz was arrested under Section 4 of the Criminal Justice Act which only applies to offences which carry a sentence of 5 years of more. So one would hope that these offences do carry a sentence of five years or more, otherwise the arrest was invalid.
http://www.thejournal.ie/sean-fitzpatri ... 9-Jul2012/


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 Post subject: Re: Anglo's Willie McAteer to be charged today..........
PostPosted: Tue Jul 24, 2012 2:00 pm 
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Quote:
... personal connections between Anglo brass and other Irish establishment brass and all that followed from that...

Or, in addition to investigation of the above, why not investigate reckless trading of derivatives? (many threads on here about what went on in this regard in Anglo). Surely it would be a beneficial education to the public to see clearly just how like gambling this was, and how risky, and the huge sums involved. And all the while, the regulator sat by, and the shareholders applauded...

Yes, I suppose that the implicit moral message in what they WILL prosecute, is that these guys were just trying to do everything in their power to try and save their company, but they just went too far. So no real social or moral code broken (if it had succeeded, we would not be here today etc)... Most importantly, no significant implication of the regulator or shareholders... (and by extension the politicians and assorted 'sophisticated' investors in Irish banks).

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 Post subject: Re: Anglo's Willie McAteer to be charged today..........
PostPosted: Tue Jul 24, 2012 2:03 pm 
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Good post, roc.
roc wrote:
everybody knows wrote:
roc wrote:
Bad and all as Fitzpatrick and his ilk are, there's a bad taste left in my mouth which is that back during the two bubbles of 1995-2002 and 2002-2007 (especially during the second bubble), he was held up as a hero. So many of those of the Irish Establishment now sitting quietly, doing their day to day work, sometimes speaking as judge and executioner of the likes of Seanie and his ilk, are the very same people who regarded Seanie and all he stood for as "the good". Now, they swing around to regard him as "the bad". Most of the general public are implicated in this dynamic, too. There's something so very Orwellian, totalitarian, institutional about it all. Also, so much of it is for show, for public consumption, a masquerade of so called "justice" and "democracy" in action. Shadows on a cave wall. There is so much more reality behind what we're given to see.


Seanie and his mates in Anglo do have mouths . Sean Quinn also has one .

How do you mean? Are you talking about the fact that they may "rat out" other members of our establishment and/or its institutions? If so, I'd point out that it looks like they're only going to charge them with collusion to prop up the share price or similar. Once all the extenuating circumstances are taken account of, I'd be surprised if any of them serve more than a year in jail. Now, the point is that there is plenty more that was going on with Anglo and personal connections between Anglo brass and other Irish establishment brass and all that followed from that. But that will be let lie. It would mean vastly more jail time for the Anglo brass. ie. It suits both parties... It is all optics. The current investigation has been all about white-wash, focused on certain issues with the purpose of pushing other issues into the background... I recall three years ago politicians wanting to get the Anglo probe over "as quickly as possible". http://www.reuters.com/article/2009/02/ ... 0220090211 Well, the other way to do it, is to draw the process out as long as possible, and over-complicate trivial matters... Also, the issue they decided to focus on is not black and white. For example, considering the circumstances, perhaps it will be possible to prove that the money was "lent as part of the ordinary business of the company”. Also, no more than 3% was sold to any single one of the golden circle, thereby keeping the share purchases below the disclosure levels required by the Stock Exchange. And there is plenty else. I'm not a betting man, but I'd bet on this so called investigation being a white-wash and cover-up. Another five years or so we should see.

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 Post subject: Re: Anglo's Willie McAteer to be charged today..........
PostPosted: Tue Jul 24, 2012 3:06 pm 
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DSE3Br wrote:
Seanie Fitz was arrested under Section 4 of the Criminal Justice Act which only applies to offences which carry a sentence of 5 years of more. So one would hope that these offences do carry a sentence of five years or more, otherwise the arrest was invalid.
http://www.thejournal.ie/sean-fitzpatri ... 9-Jul2012/


He should pick a spot on the wall and say nothing.

Quote:
The whole interview process is gamed up against you.


You do not have any experience of being interrogated, the Gardaí on the other hand do.

You are on your own with no support whatsoever.

You are nervous and agitated, the gardaí will know that and play on it.

You may make a genuine mistake in your answers, therefore hanging yourself. The gardaí can make mistakes as often as they want. Blatantly lying to you if they think that will lead to a confession.

You do not know about the law, the gardaí do.

You should never go into something when you are at a major disadvantage.



http://www.boards.ie/vbulletin/showthre ... 2056706257

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Last edited by Mossy_Heneberry on Tue Jul 24, 2012 3:27 pm, edited 1 time in total.

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 Post subject: Re: Anglo's Willie McAteer to be charged today..........
PostPosted: Tue Jul 24, 2012 3:22 pm 
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DSE3Br wrote:
Seanie Fitz was arrested under Section 4 of the Criminal Justice Act which only applies to offences which carry a sentence of 5 years of more. So one would hope that these offences do carry a sentence of five years or more, otherwise the arrest was invalid.
http://www.thejournal.ie/sean-fitzpatri ... 9-Jul2012/


From that article:

Quote:
He was later rearrested under section 60 of the Companies Act

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