Bank governor believes inquiry likely

[bananarepublic.ie]

RTÉ News: Bank governor believes inquiry likely

The Governor of the Central Bank has said he believes there will be an inquiry into the causes of the recent crisis in the Irish banking system.

Speaking on 'The Week in Politics', to be broadcast tonight, Professor Patrick Honohan said he could not fully understand why the country's oldest banks fell into a trap where they could lose a lot of money.

He said current investigations under way into the banks are vigorous and he believes that nobody is trying to slow down that process.

Either govt. or opposition shown little interest. I thought CAB is looking at some affairs. looks like politics formed big stumble block for this.

[Digout]

It wont happen, a lot of dirty FF laundry would come out

[bananarepublic.ie]

It wont happen, a lot of dirty FF laundry would come out

Even so called developing country India put biggest most inspiring CEO(Raju) of big IT (Satyam) company in Jail with in month once govt. discovered he cooked the books for his own companies. In US dick fuld facing charges, enron lot mgmt guys back in Jail.

[Digout]

Even so called developing country India put biggest most inspiring CEO(Raju) of big IT (Satyam) company in Jail with in month once govt. discovered he cooked the books for his own companies. In US dick fuld facing charges, enron lot mgmt guys back in Jail.

It wont happen here, we are almost at the end of a bloodless coup. Soon FF will nationalise the banks, leaving FF running the banking system. FF will control the hotel sector also. FF control the government. Soon, they will have complete and total control of the country.

[Pauli]

Even so called developing country India put biggest most inspiring CEO(Raju) of big IT (Satyam) company in Jail with in month once govt. discovered he cooked the books for his own companies. In US dick fuld facing charges, enron lot mgmt guys back in Jail.

Law enforcement for white-collar crime in Ireland is unheard of. For any inquiry to be in any way meaningful, there must be the threat of a sanction at the end of it. Otherwise it is merely a history lesson.
Besides, enforcing the law for the sort of thing such an inquiry would cover would represent a massive break with tradition.

[staunch ff]

Isnt it a simple fact that a bunch of out of control idiots forgot that 1+1=2. What we need is for government to announce that present laws will be stricly enforced in all areas of financial services. The enforcement of those laws will uncover any corruption with no need to waste more money

[tonic]

It wont happen, a lot of dirty FF laundry would come out

Like what, for example?

[Digout]

Like what, for example?

Just how close FF were ( and are ) to certain people at the head of certain banks.

[tonic]

Just how close FF were ( and are ) to certain people at the head of certain banks.

So what?

[Digout]

So what?

If you see nothing wrong with it, then thats your choice.