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Thread: Former Central Bank Governor John Hurley Described Bank Guarantee As Heroic Act

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    Default Former Central Bank Governor John Hurley Described Bank Guarantee As Heroic Act

    Heroic act my ars John Hurley you and your kind has f*cted up and this time big. As confirmed by the Independent today John Hurley was an avid admirer of Brian Cowens decision to guarantee all the toxic banking debt to protect his Fianna Fáil cronies and bankers. The selfishly motivated bank guarantee was the single most perfidious act performed in modern history in Ireland.

    Fatal guarantee by Finance was 'heroic': Hurley - Irish, Business - Independent.ie

    What exactly is heroic in this cowardly act that has ruined the taxpayer?
    Last edited by H.R. Haldeman; 11th November 2012 at 05:37 PM. Reason: Edited typo at OP's request

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    Politics.ie Member Mushroom's Avatar
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    Quote Originally Posted by YouKnowWhatIMeanLike View Post
    Heroic act my ars John Hurley you and your kind has f*cted up and this time big. As confirmed by the Independent today John Hurley was an avid admirer of Brian Cowens decision to guarantee all the toxic banking debt to protect his Fianna Fáil cronies and bankers. The selfishly motivated bank guarantee was the single most perfidious act performed in modern history in Ireland.

    Fatal guarantee by Finance was 'heroic': Hurley - Irish, Business - Independent.ie
    Congrats to the SIndo for getting this important information into the public domain. Hurley's comments are interesting; in fairness to him, for all that he was an incompetent b0ll0x, at least he was opposed to Ahern's / Dermot McCarthy's craven bribing of the Social Partners with taxpayers' funds.

    "Hurley also admitted that the government spent money and pandered to trade unions "at the edge of prudence" during his time in the hot seat. He said social partnership "damaged" flexibility and "fiscal discipline and the prism of competitiveness was lost".

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    Quote Originally Posted by YouKnowWhatIMeanLike View Post
    Brian Cowens decision to guarantee all the toxic banking debt to protect his Fianna Fáil cronies and bankers.
    How, exactly, did it "protect his Fianna Fáil cronies"?

    I ask merely out of a sense of fun, knowing you haven't a f**king clue, but say it anyway.

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    Quote Originally Posted by Mushroom View Post
    Congrats to the SIndo for getting this important information into the public domain. Hurley's comments are interesting; in fairness to him, for all that he was an incompetent b0ll0x, at least he was opposed to Ahern's / Dermot McCarthy's craven bribing of the Social Partners with taxpayers' funds.

    "Hurley also admitted that the government spent money and pandered to trade unions "at the edge of prudence" during his time in the hot seat. He said social partnership "damaged" flexibility and "fiscal discipline and the prism of competitiveness was lost".
    I agree but this heralding of free market zealotry by civil servants is more than pathetic. Sean FitzPatrick has the same line and in the end asked the Irish taxpayer to take the bullet for him. it's the same old privatization of profits and socializing of losses agenda that these so called free market heroes pursue.

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    Politics.ie Member LamportsEdge's Avatar
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    Tell us there wasn't a backstairs paperwork-lite system for distributing mortgages to the faithful around Dublin, Tonic?

    Because we know there was. It is public information and even the clerk in charge of that 'non-recourse'paperwork who draw up the minimal paperwork for Fitzpatrick has been named in the papers.

    Tell us that Haughey's family for instance didn't get bank loans on the hurry up in 2007 from Anglo to buy properties in New York.

    Or are you going to tell us that the Haughey family have no connections to Fianna Fail?
    Whenever understanding exists, accepting or rejecting is unnecessary. (Fundamentals of a Gnostic Education).

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    Quote Originally Posted by tonic View Post
    How, exactly, did it "protect his Fianna Fáil cronies"?

    I ask merely out of a sense of fun, knowing you haven't a f**king clue, but say it anyway.
    Post #3 and Tonic is already resorting to personal abuse to defend his tribe. Is this a record?

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    Quote Originally Posted by FakeViking View Post
    Post #3 and Tonic is already resorting to personal abuse to defend his tribe. Is this a record?
    Post 6 and FV fails to address any thread subject issue and no, this is not a record.

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    Politics.ie Member Mushroom's Avatar
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    Quote Originally Posted by FakeViking View Post

    Post #3 and Tonic is already resorting to personal abuse to defend his tribe. Is this a record?

    P.ie's very own Typhoid Mary always seeks to contaminate threads that are embarrassing to his beloved FF as soon as possible. He simply can't help it, it's in his DNA.

    Edit - I see that he has admitted as much in post #7!

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    Politics.ie Member LamportsEdge's Avatar
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    Hey Tonic, are the Haugheys now Fine Gael connected in your tiny mind? Better dash off back to the Mount St bullshyte distributor for a top-up. That reminds me- is Mount Street owned by Fianna Fail or is there a mortgage on it.

    And if there is a mortgage on it who was the lender?
    Whenever understanding exists, accepting or rejecting is unnecessary. (Fundamentals of a Gnostic Education).

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    Heroic is a word with shades of meaning, which Mr Hurley would appreciate.
    "It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair.

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