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Thread: Has Morgan Kelly laid bare the truth? Is Cowen committing Financial Treason?

  1. #21
    Politics.ie Member LowIQ's Avatar
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    Quote Originally Posted by slx View Post
    Comparing FF to Zanu-PF is ridiculous, you can put FF out of office and we do live in a very effective deomocratic system, it's just down to people to stop behaving like zombies and damn well use it!
    FF lost seats in the last election. The PDs were just about wiped out. The Greens fudged the issue of coalition (as will Labour and SF next time around). FF are very hard to put out of office.

  2. #22
    Politics.ie Regular powderfinger's Avatar
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    The dashboard melted,but we still had the radio.

    Dashboard Fm.Just caught a report from Cooley on RTE's News at One about some distilled Obamapop locally blended.An employee was introduced."Noel Sweeney's job is to drink whisky everyday..."Blarney broadcasting from the Fr.Ted school .

  3. #23
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    Tell me this, is the Irish tax payer going to take the hit on that massive loan given to Israel's richest man?

    The deal ends a months-long dispute between Messrs. Leviev and Mann, who paid $426 million for the Apthorp in March 2007. The two borrowed $520 million to purchase and renovate the development: $385 million from Anglo Irish Bank Corp. and $135 million from Apollo Real Estate Advisors, which has since changed its name to AREA Property Partners.

    Apthorp owners finally come to compromise - Crain's New York Business

  4. #24
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    I've heard what sounds like FF spin that last September Gormley was sent for to attend the late night discussion on the Bank guarantee. The spin is he refused to get out of bed when the Garda driver turned up at his door.

    I don't beleive that's any more than FF spin, but are we starting to see the marraige sour? Are FF giving a hint of what their true colours will be if this pile of poo causes the Greens walk away?
    Last edited by yehbut_nobut; 20th January 2009 at 02:03 PM.
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  5. #25
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    If we had a proper separation of powers, a legislature free from the executive we could have a proper debate tomorrow, and vote this turkey of a nationalisation down. But we don't and they won't and Ireland will wallow in the mire for a generation.

  6. #26
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    Would it not be an ACTUAL, non-metaphorical crime for a hypothetical dominant government party to overrule its official advisors to pursue a course with the intent of ensuring future donations? If those advisors had ruled against taxpayer support for a particular company, which was a big donor to this hypothetical dominant party.

    Can somebody please clarify the law on such matters? I am at a loss to see why the Gardaí would not be compelled to interview the politicians and advisors concerned, and seize the relevant files and emails as evidence, in such a hypothetical situation.
    When you see the words "Mises" or "Hayek" in someone's post, just ask yourself: do I really want to ban paper money and go back to gold?

    You have to pity the kind of people who buy into conspiracy theories. I find the following to be the saddest words on the internet: "Re: connection between Bilderberg puppet lady gaga and viral outbreak in ukraine "

  7. #27
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    Quote Originally Posted by feargach View Post
    Would it not be an ACTUAL, non-metaphorical crime for a hypothetical dominant government party to overrule its official advisors to pursue a course with the intent of ensuring future donations? If those advisors had ruled against taxpayer support for a particular company, which was a big donor to this hypothetical dominant party.

    Can somebody please clarify the law on such matters? I am at a loss to see why the Gardaí would not be compelled to interview the politicians and advisors concerned, and seize the relevant files and emails as evidence, in such a hypothetical situation.
    Can a group of citizens take some kind of legal action over this? Freedom of Information Act to start?

  8. #28
    Politics.ie Member Conor's Avatar
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    Quote Originally Posted by feargach View Post
    Would it not be an ACTUAL, non-metaphorical crime for a hypothetical dominant government party to overrule its official advisors to pursue a course with the intent of ensuring future donations? If those advisors had ruled against taxpayer support for a particular company, which was a big donor to this hypothetical dominant party.
    You think elected representatives are legally compelled to follow the advice of public servants?
    You'll notice, even from what Morgan Kelly wrote, those advisors were themselves divided on the correct course of action.
    Nothing will motivate the lazy / apathetic / Americanised / west-British types to embrace their culture and the Irish language.

  9. #29
    Politics.ie Regular DaveM's Avatar
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    Kelly argues his point very well and there is every possibility that he is 100% right. The problem is people are looking at the knock on effect that letting Lehman Brothers go to the wall had in the US where similar arguments were made and transpired to be very wrong. It's a gamble. Let them collapse and see what the (unknown) consequences will be or nationalise them and try to manage the mess that they're in - a pretty awful situation but one that is more predictable.

    I can see the arguments for both and it is sickening that the taxpayer is looking like they will have to pick up the tab for what Anglo (and their buddies) were getting up to. However if we say let them sink and it has a knock on effect throughout the rest of the banking sector then we could be rightly up sh*t creek and unable to afford the interest payments on the debt finance for a paddle.

  10. #30
    Politics.ie Regular Vega1447's Avatar
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    Quote Originally Posted by Conor View Post
    You think elected representatives are legally compelled to follow the advice of public servants?
    You'll notice, even from what Morgan Kelly wrote, those advisors were themselves divided on the correct course of action.

    I don't know of *any* university-based (ie independent) economist that supports nationalising Anglo.

    And to reject the advice of Finance in favour of the pathetic "Regulator" Neary and the invisible Central bank Governor you would need a good reason..

    Any ideas what that reason might be?

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