Cowen, Anglo and the DDA

[PaddyJoe McGillycuddy]

Interesting links between the main players in the Glass Bottle site:

THE spotlight has now turned to the relationship between Ahern’s successor and Ireland’s most notorious banker. As finance minister, Cowen attended a private dinner with Anglo’s directors on April 24, 2008 — 13 days before he became taoiseach. Among the directors at the time was Fintan Drury, a former RTE journalist and one of Cowen’s most valued advisers. Drury was president of Golf Central Europe KFT, which was promoting a sports and leisure development financed by Anglo, in Hungary. FitzPatrick was its deputy president.

The crucial meeting in September 2008 at which the bank guarantee scheme was hammered out by Cowen and Brian Lenihan, the finance minister, is also expected to come under scrutiny. Little detail has emerged about the night on which senior bankers were summoned to Merrion Street to prevent a full-scale banking crisis. It was yet to emerge that 10 businessmen had been assembled to buy some of Sean Quinn’s interest in the bank, and that Anglo had given more than €500m in loans to each of 15 customers. It has been reported that Cowen insisted, against the urgings of others, that Anglo be included in the state guarantee scheme.

How Dublin’s docklands drowned in debt - Times Online

[fiannafailure]

Interesting links between the main players in the Glass Bottle site:


How Dublin’s docklands drowned in debt - Times Online

PaddyJoe

I think the Times article may be twisting history a little

Little detail has emerged about the night on which senior bankers were summoned to Merrion Street to prevent a full-scale banking crisis

I believe that sentence should read, the night that Irish bankers came crying to the government looking for urgent help to save the banks they had run into the ground

I do not intend to drag the thread off topic, but history should be preserved as accurately as possible.