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Thread: Mr Cowen haunted by his period in Finance.

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    Default Mr Cowen haunted by his period in Finance.

    Mr Cowen is haunted by his period as Minister of Finance. The future of the country was mortgaged in September 2008, by a vote taken on very little information, and NTMA's withholding money from Anglo for fear of its soundness must have been known to the Minister.

    So says FF TD Sean Power on Morning Ireland. Other TDs agree with him but find it easier to stay silent he says.
    Last edited by He3; 13th October 2010 at 11:51 AM.
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    Politics.ie Member dresden8's Avatar
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    Is Lenny getting a mention?

    The biggest dissembler of them all.

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    Politics.ie Member Malbekh's Avatar
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    I agree that Cowen is haunted by his tenure as MoF, but not so much because he was responsible for the mess we're currently in, that can be blamed fair and square on the political culture of this country and the party that represents the worst of those excesses, Fianna Fail.

    No, I believe Cowen's demeanour is based on his unwillingness and inability to correct the situation while MoF. It's stupid, short-sighted laziness. You see, it's not feasible that Cowen and FF actually wanted to ruin the nation, it's purely down their ability to comprehend basic economic principles.

    Still, as I've continually stated from an ABFF perspective, the best thing that could happen would be for Cowen to lead FF into the next GE. So we should call a moratorium on anti-Cowen threads and just let them hang themselves, no better man nor party....
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    Politics.ie Member Disillusioned democrat's Avatar
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    Quote Originally Posted by He3 View Post
    Mr Cowen is haunted by his period as Minister of Finance. The future of the country was mortgaged in September 2008, by a vote taken on very with little information, and NTMA's withholding money from Anglo for fear of its soundness must have been known to the Minister.

    So says FF TD Sean Power on Morning Ireland. Other TDs agree with him but find it easier to stay silent he says.

    These people run the country.
    The key point is the "very little information" bit - FF had been in Gov for 11 years at that stage, had created the regulatory environment and had plenty of opportunity to understand the status of the banks and, in the Berts own words, had backed down when the banks told them to mind their own business. No one can fault someone for making a poor decision based on poor information, but you can fault them for being either too lazy or incompetent to gather the appropriate information in advance.

    The lack of information also gives rise to the possibility that perhaps there was an ulterior motive to the decision, and that maybe with all the info in the world FF would still have backed the builders and bankers ahead of the people it is supposed to protect.

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    I see the rumblings about Cowen's leadership are starting again. Only on an individual basis still and no minister stepping into the firing line.

    Is there a push on to get him to go, and install Lenny as leader, there by also getting him out of Finance in the hope of saving his reputation?

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    Politics.ie Member HarshBuzz's Avatar
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    Quote Originally Posted by He3 View Post
    Mr Cowen is haunted by his period as Minister of Finance. The future of the country was mortgaged in September 2008, by a vote taken on very with little information, and NTMA's withholding money from Anglo for fear of its soundness must have been known to the Minister.

    So says FF TD Sean Power on Morning Ireland. Other TDs agree with him but find it easier to stay silent he says.
    reported that Power had a right cut off Clowen at the FF parliamentary party meeting last night, telling him he doubted his suitability for the office of Taoiseach - to his face. I don't know (or care) enough about FF's internal politics to understand what Power's gripe is - presumably he's among the ranks of the shafted\overlooked?
    “'retail deposit flight, I don't see that as a great danger. Ireland is an island” - Brian Lenihan - to hundreds of international investors

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    Politics.ie Member slumdog1971's Avatar
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    Quote Originally Posted by HarshBuzz View Post
    reported that Power had a right cut off Clowen at the FF parliamentary party meeting last night, telling him he doubted his suitability for the office of Taoiseach - to his face. I don't know (or care) enough about FF's internal politics to understand what Power's gripe is - presumably he's among the ranks of the shafted\overlooked?
    Sean Power is very close to Mary Hanafin.

    Perhaps the FF machievallian knives are starting to be sharpened.

    Without a shadow of doubt Cowen and Lenihan have been the most disasterous M.O.Fs ever. They both should have resigned in shame a long time ago. They are going to result in FF returning less than 40 seats in the next election and Mary Hanafin is in serious trouble.

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    While not defending Biffo and his behaviour during his term in Finance, I dont think any of it was deliberate. Recent events in Galway and Mount Falcon would indicate that he just was not at home.
    You'd think Kenny committed Treason and brought in IMF. Cowen had all in stitches in Galway at 3.30a.m.but he was "not impaired" -DD Power. FF=Publican páirtí an IMF.

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    Politics.ie Member HarshBuzz's Avatar
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    Quote Originally Posted by slumdog1971 View Post
    They both should have resigned in shame a long time ago.
    you would need to have a sense of shame for this to happen

    thanks for the info on SP
    “'retail deposit flight, I don't see that as a great danger. Ireland is an island” - Brian Lenihan - to hundreds of international investors

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    Politics.ie Member Twin Towers's Avatar
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    Quote Originally Posted by Disillusioned democrat View Post
    The lack of information also gives rise to the possibility that perhaps there was an ulterior motive to the decision, and that maybe with all the info in the world FF would still have backed the builders and bankers ahead of the people it is supposed to protect.
    Blackmail is a powerful ulterior motive. Did the bankers have something on them that they would sell out the country to save themselves? Night time house visits and all that.

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