What did Brian Cowen know about Anglo and when did he know it?

[powderfinger]

On April 24 2008, Brian Cowen sat down for a private dinner with the board of Anglo Irish including chairman Sean FitzPatrick and the chief executive David Drumm.at their headquarters on St Stephen’s Green
A few weeks previously The Maple Project had been set up with the knowledge of the Financial Regulator to reduce businessman Sean Quinn’s financial interest in the bank. Quinn held 28% of Anglo Irish Bank through instruments known as contracts for difference.

Is it credible that the Minister of Finance would have been unaware of this issue when the Central Bank governor and the Financial Regulator had been informed of it?
‘Anglo 10’ plan known to regulator - Times Online

Problems arising from the Quinn unwind were brought to his attention weeks before his private chompings at Anglo.
The Independent story below is from Feb 09.
Cowen dined privately with Anglo bank chiefs - National News, Frontpage - Independent.ie

Mr Cowen dined privately with Anglo Irish Bank directors at a Dublin hotel just weeks after he had been warned of a dangerous position with the bank's shares that threatened the entire Irish financial system.
Mr Cowen was Finance Minister at the time and was told only weeks before about problems at the bank with the shareholding of multi-millionaire businessman, Sean Quinn.

[tonic]

It was secured against run of the mill Anglo loans, that no one else would accept as collateral.

That's not true to say. You, no more than anyone else, outside of the CB & Anglo know what the loan is secured against.

[PaddyJoe McGillycuddy]

Problems arising from the Quinn unwind were brought to his attention weeks before his private chompings at Anglo.
The Independent story below is from Feb 09.
Cowen dined privately with Anglo bank chiefs - National News, Frontpage - Independent.ie

With Fintan Drury on the Anglo board Cowen would have been well aware of what was going on.

Drury has a particularly close relationship with Cowen. The two men have known each other for years, and Drury has advised him regularly during his rise to the summit of Irish politics. In recent weeks, there have even been rumours that he has penned a number of speeches on behalf of the Offaly TD.

Given his range of other commitments, it remains unlikely that Drury will take up any formal position within Cowen’s kitchen cabinet. Nonetheless, having a direct line to the most powerful politician in Ireland will surely be of benefit to Drury’s ever-expanding portfolio of interests.

He resigned from the Anglo board a few weeks after Cowen became Taoiseach.
Man with a Vision: ThePost.ie

[tonic]

With Fintan Drury on the Anglo board Cowen would have been well aware of what was going on.He resigned from the Anglo board a few weeks after Cowen became Taoiseach.
Man with a Vision: ThePost.ie

On what factual basis do you make this claim, given that Drury has already said that he knew nothing of the placement of Anglo shares to 10 of their customers.

[powderfinger]

On what factual basis do you make this claim, given that Drury has already said that he knew nothing of the placement of Anglo shares to 10 of their customers.

As chair of Anglo's risk and compliance committee he would have presumably been aware of problems concerning the Quinn overhang.Indeed the non-executive directors who were resigned from Anglo have said that they were aware.
That is not to say that they were aware of the specific Anglo 10 arrangement.
I don't think PaddyJoe even inferred that in his post.Perhaps you misread?

[MPB]

On what factual basis do you make this claim, given that Drury has already said that he knew nothing of the placement of Anglo shares to 10 of their customers.

On the same basis that Bertie said that he won his money on the horses.

[PaddyJoe McGillycuddy]

On what factual basis do you make this claim, given that Drury has already said that he knew nothing of the placement of Anglo shares to 10 of their customers.

Indeed. Isn''t it curious how so many people who earned fees from their roles as board members apparently knew nothing about anything that actually happened in the bank?

[tonic]

As chair of Anglo's risk and compliance committee he would have presumably been aware of problems concerning the Quinn overhang.Indeed the non-executive directors who were resigned from Anglo have said that they were aware.
That is not to say that they were aware of the specific Anglo 10 arrangement.
I don't think PaddyJoe even inferred that in his post.Perhaps you misread?

If you and or PJ accept that he did not know of the 10, then what is the point of your posts or indeed this thread?

We already know Cowen knew there was a problem with the Quinn shareholding, as did the regulator, there was never a question about that.

[tonic]

On the same basis that Bertie said that he won his money on the horses.

Go away twat, there's a debate going on here.

[tonic]

Indeed. Isn''t it curious how so many people who earned fees from their roles as board members apparently knew nothing about anything that actually happened in the bank?

So, you do or you do not accept that he didn't know of the 10, yes or no?

If no, what exactly did you mean by this; "With Fintan Drury on the Anglo board Cowen would have been well aware of what was going on"