Finance officials ?furious? | Irish Examiner
Finance officials ‘furious’
by Caroline O’Doherty
FURIOUS Department of Finance officials are contemplating legal action over leaked Anglo Irish Bank documents that imply the department backed the bank’s use of staged multi-billion euro transfers to prop up its accounts before audits.
Sources described the suggestions as a disgrace and said officials who dealt with the bank on the department’s behalf were considering defamation proceedings, fearing their integrity had been brought into question.
The contents of the internal papers were published by the Sunday Tribune newspaper, which quoted from memos, phone conversation transcripts and audit documents recording discussions between the bank and representatives of both the Department of Finance and the Financial Regulator.
One document recalls a conversation last September when the bank’s then finance director Willie McAteer told the then financial regulator Patrick Neary that he would be "managing" the bank’s balance sheets. The document records Mr Neary’s response as "Fair play to you, Willie." Mr McAteer resigned and Mr Neary retired since the extent of the now nationalised bank’s problems came to light late last year.
They are FURIOUS and considering DEFAMATION proceedings. All I can say is good luck...
The article emphasises the dislocation between government officials and the real world, but also shows that the cloak of secrecy must go.
Why does government business need to be done in secret? Why can television cameras not attend cabinet sessions - what is the problem?



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