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About LinkBacksWhen will Lenihan be asked directly, when was he informed about this? Did Cowen know? If not, then why not?
When will Lenihan be asked directly, when was he informed about this? Did Cowen know? If not, then why not?
At this stage it's covered by the official secrets actOriginally Posted by YellowRedGreen
during the debate in the dail when they nationalised anglo, hours were spend by the oppositon demanding that a high court inspector be appointed to examine whats going on and to make sure everything is above board, FF did not want this, I think we now know why.
So, was Lenihan briefed about this when he took over in finance , and did Cowen know ? This is a very very very serious issue.
Is this why FF would not release the PWC report into the banks ? Is this why they did not let the oppostion see it when they requested it with any commercially sensitve information removed?
Its looking like Anglo was nothing more than a pyramid scheme. These things generally get nasty towards the end.
Big time, why are we bailing it out then? When did Cowen and Lenihan get this info?
Hugely serious questions need to be asked - how much did the Minister know, when did he know it, and who did he tell?
A list of shareholder is a matter of record, isn't it? It it possible to find out who these 10 individuals are?The Sunday Business Post has established that in at least some cases the only security over the loans was the value of the shares, now virtually worthless following the bank’s nationalisation. This means it is doubtful that the money will be repaid, unless the investors, believed to number around ten, decide they want to do so.
“A healthy social life is found only, when in the mirror of each soul the whole community finds its reflection, and when in the whole community the virtue of each one is living”
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Yes, I'm sure somebody will be able to access this info when in work.
Re: how much the minister knew, from what I've heard, there's a story in this....
The relevant legislation that would enable such an appointment is Section 11 of the Companies(Amendment)Act 1990.
Considering the publicly stated attitude of Mr. Sean FitzPatrick to Company Law ,when he lead the corporate charge against the stringent proposals tabled in the Companies (Audit and Accounting) Bill 2003,it is hard to see what precludes such an appointment.
Corporate concerns arose over compliancy obligations for Directors.The Bill was spun off to the Company Law Review Group and accordingly amended to more 'business friendly' enactment.Speaking in 2003.FitzPatrick stated;
'we need to legislate to the necessary minimum,supplemented by codes of corporate governance and good business practice'
http://www.irishtimes.com/newspaper/...725261002.html
Last edited by powderfinger; 2nd February 2009 at 12:08 AM.
If anybody has access to such info in work, can they post here please?
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