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Miriam Lord in yesterday's Times

This is a discussion on Miriam Lord in yesterday's Times within the Media forums, part of the General Discussion category on Politics.ie. Richie Boucher, before his big promotion, was present back in July of 2008. “Unequivocally,” he declared, “we do not believe ...
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Old 27th November 2009
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Richie Boucher, before his big promotion, was present back in July of 2008. “Unequivocally,” he declared, “we do not believe there is a Northern Rock lurking in Ireland.” (Correct. There was a whole shed load of them.)

His colleague, David Guinan, stated: “We pride ourselves on the fact that we have been and continue to be very prudent and responsible.” Donal Forde of the AIB offered the following gem: “In regard to lending standards in AIB, we have behaved very responsibly in recent years and we have maintained a very prudent credit stance.”

The highlight of the committee meeting was supplied by Willie McAteer, then executive director of Anglo Irish Bank. “Clearly, the whole perception of Ireland and the negative sentiment towards it are obviously of concern to us. However, this sentiment is not borne out by the fundamentals.”

Here’s another rib-tickler from Willie: “I reject the suggestion that banks have been foolhardy in recklessly lending and driving up values . . . in my experience, the banks have been prudent.”
Make way for the Good Samaritans in pinstripe suits - The Irish Times - Thu, Nov 26, 2009
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Old 27th November 2009
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They were talking through their (distressed) assets

But they're telling the truth now, of course.
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Old 27th November 2009
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Originally Posted by eyeswideopen View Post
But they're telling the truth now, of course.
Of course. Honourable men, one and all.
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19 Sep 2008, Bertie Ahern:
"Bank of Ireland shares are € 3.80 today. Now if I meet you here next year, or the year after, do you seriously think Bank of Ireland shares will be € 3.80? I'd go out and buy Bank of Ireland shares . . . that's what I'd do."

Donie Cassidy, 10 April 2008 on house prices:
"Now is the right time to buy. I will remind the House, perhaps in 12 or 18 months, when prices have again increased by 25% or 30%
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Old 28th November 2009
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Miriam Lord's article was excellent. The bank guarantee is a bigger scandal than Watergate. NAMA is as big again. We need them investigated.
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Old 28th November 2009
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Originally Posted by Eamonn20Bn plus interest View Post
Miriam Lord's article was excellent. The bank guarantee is a bigger scandal than Watergate. NAMA is as big again. We need them investigated.
Fact.
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19 Sep 2008, Bertie Ahern:
"Bank of Ireland shares are € 3.80 today. Now if I meet you here next year, or the year after, do you seriously think Bank of Ireland shares will be € 3.80? I'd go out and buy Bank of Ireland shares . . . that's what I'd do."

Donie Cassidy, 10 April 2008 on house prices:
"Now is the right time to buy. I will remind the House, perhaps in 12 or 18 months, when prices have again increased by 25% or 30%
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Old 28th November 2009
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Originally Posted by Eamonn20Bn plus interest View Post
Miriam Lord's article was excellent. The bank guarantee is a bigger scandal than Watergate. NAMA is as big again. We need them investigated.
Chance, as the fella sez, would be a fine thing.
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