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 Post subject: Anglo default was ‘not inevitable’, report to say
PostPosted: Sun Dec 13, 2015 3:43 pm 
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Anglo default was ‘not inevitable’, report to say - -> http://www.irishtimes.com/news/politics ... -1.2457964

Quote:
The final report of the Oireachtas banking inquiry is expected to claim the Central Bank had a contingency plan to avoid a bank default in September 2008.
The Irish Times understands the draft report dismisses the suggestion that Anglo Irish Bank would have defaulted on the morning of September 30th if a guarantee was not agreed the night before.
The committee is expected to find that the Central Bank lobbied for a guarantee on the night of September 29th but had a plan in place if one was not agreed.
The report, which runs to 450 pages, is said also to dismiss the idea that the blanket bank guarantee was decided on the night of September 29th, 2008.
It is expected to outline how the option was being examined for months ahead of the decision being made by the Fianna Fáil-Green coalition.

there is more


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 Post subject: Re: Anglo default was ‘not inevitable’, report to say
PostPosted: Sun Dec 13, 2015 5:35 pm 
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Seems like a case of rewriting history. It's all a bit irrelevant now as it's so fookin long ago, going to be harder to determine who said what when.

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 Post subject: Re: Anglo default was ‘not inevitable’, report to say
PostPosted: Sun Dec 13, 2015 6:15 pm 
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Conflicted wrote:
Seems like a case of rewriting history. It's all a bit irrelevant now as it's so fookin long ago, going to be harder to determine who said what when.


That was the intention from the outset years ago, drag it out for as long as possible so the general public would lose interest and forget about it. Charge a few token figures and jail some minor bit players, it is ironic the only one doing any perp walk is David Drumm in the United States. Meanwhile Michael Fingleton and Sean Fitzpatrick still walk free as do the heads of the other banks that drove their businesses and shareholder funds into the ground.


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 Post subject: Re: Anglo default was ‘not inevitable’, report to say
PostPosted: Sun Dec 13, 2015 7:26 pm 
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This is well worth reading.

viewtopic.php?f=19&t=35376&p=468960&hilit=#p468960

Also worth remembering that 'Enda K' was very well informed about what was happening within Anglo during this period.


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