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Thread: Pat Neary... Sep 2008 Anglo & INBS were fully solvent

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    Politics.ie Member cyberianpan's Avatar
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    Default Pat Neary... Sep 2008 Anglo & INBS were fully solvent


    RTÉ News: Govt advised not to introduce bank guarantee
    Former Financial Regulator Patrick Neary is reported to have informed Mr Cowen that Anglo Irish bank was in good health three days before the Government moved to rescue it.

    Mr Neary is quoted in a report in today's Irish Independent as having told Mr Cowen in September 2008 that Anglo Irish Bank was not insolvent.

    He is also reported to have said that the bank had enough assets to cover its debts
    ...
    Mr Neary made a similar statement about Irish Nationwide at the meeting.
    Neary was the guy with all the powers... permission to request pretty much anything from the banks, do audits, investigations - set standards

    He had hundreds of staff

    The Financial Regulator was paid to watch our backs

    What do people here think of him now ?

    cYp
    "Yawn , am I alive yet ?"

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    Politics.ie Member libertarian-right's Avatar
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    Quote Originally Posted by cyberianpan View Post

    The Financial Regulator was paid to watch our backs

    What do people here think of him now ?

    cYp
    cYp, who appointed him? He is not the only person to blame, he was another puppet tied to the strings.

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    Politics.ie Member cozzy121's Avatar
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    He was a great man to help with bertie's property bubble.
    "WAKE UP! THE RICH ARE RAPING YOU!"

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    Quote Originally Posted by libertarian-right View Post
    cYp, who appointed him? He is not the only person to blame, he was another puppet tied to the strings.
    Politicians or other public servants?
    David Doyle (B.A.) from Finance might have something to say.
    Of course he has also ridden into the sunset on a nice little pension.

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    Politics.ie Member jpc's Avatar
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    Big problem that is developing.
    A lot of individuals involved with this disaster (that were grossly overpaid) have gone.
    And will not face any consequences.
    Neary got a 600k hand shake
    Why?
    Its only a chat, we ain't the world council.

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    Quote Originally Posted by jpc View Post
    Big problem that is developing.
    A lot of individuals involved with this disaster (that were grossly overpaid) have gone.
    And will not face any consequences.
    Neary got a 600k hand shake
    Why?
    Quite simple really, he got paid for keeping his mouth shut!!!

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    Quote Originally Posted by jpc View Post
    Neary got a 600k hand shake
    Why?
    FF / FG / LAB - The Axis of Evil

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    Anglo and INBS had external auditors who took no issue with the 2008 accounts and balance sheets produced by both companies. They are just as much to blame as Neary.

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    Right on cue the Indo gets this info.

    With Seanie now bankrupt, it was time for Lenihan dand Cowen to wheel out the next patsy to take the full rap for the catastrophe while the biggest culprits of all, the apes we allow govern us continue to destroy the country.

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    Politics.ie Member jpc's Avatar
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    To be more specific.
    Who authorised the gimps payoff?
    On what grounds?
    He can stay sthum as long as he wants at this point and nothing can be done about it as the law stands.
    Its only a chat, we ain't the world council.

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