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Thread: Michael Noonan Admits The Promissory Notes Arrangement Was Totally Illegal - Today with Pat Kenny 8/2

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    Default Michael Noonan Admits The Promissory Notes Arrangement Was Totally Illegal - Today with Pat Kenny 8/2

    in case you missed this last week on February 8. Pat Kenny led a very insightful interview with Finance Minister Michael Noonan (09:55) on RTE about the details of the Anglo Irish Bank / IBRC promissory notes deal. Noonan admits that the initial Anglo Irish Bank promissory notes deal by the then Fianna Fil government was totally illegal.

    lots of detail here about the new promissory notes arrangement as well. Mario Draghi ECB and Jrg Asmussen an executive board member of the ECB and former deputy finance minister of Germany helped to push the deal through for Ireland. Noonan clearly confirms the fiscal nature of the deal and how it will improve the fiscal situation in Ireland. Now that explains the allergic reaction by the Bundesbank.
    Last edited by YouKnowWhatIMeanLike; 17th February 2013 at 12:29 PM.

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    Quote Originally Posted by YouKnowWhatIMeanLike View Post
    in case you missed this last week on February 8. Pat Kenny led a very insightful interview with Finance Minister Michael Noonan on RTE about the details of the Anglo Irish Bank / IBRC promissory notes deal. Noonan admits that the initial Anglo Irish Bank promissory notes deal by the then Fianna Fil government was totally illegal.

    lots of detail here about the new promissory notes arrangement as well. Mario Draghi ECB and Jrg Asmussen an executive board member of the ECB and former deputy finance minister of Germany helped to push the deal through for Ireland. Noonan clearly confirms the fiscal nature of the deal and how it will improve the fiscal situation in Ireland. Now that explains the allergic reaction by the Bundesbank.
    Excellent! It means that if a case is taken against the legality of the Promissory notes it strengthens it hoping to get the whole non-democratic deal thrown out....Er! hasn't isn't someone trying that at the moment???

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    Politics.ie Member Half Nelson's Avatar
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    Could it be that the threat of a court challenge was the real reason for the deal on the PNs?
    Promissory note challenge rejected - The Irish Times - Thu, Jan 31, 2013
    That judgement must stand as one of the most bizarre ever.

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    Quote Originally Posted by Half Nelson View Post
    Could it be that the threat of a court challenge was the real reason for the deal on the PNs?
    Promissory note challenge rejected - The Irish Times - Thu, Jan 31, 2013
    That judgement must stand as one of the most bizarre ever.
    How is the judgement bizarre?
    "So how are things at the Campaign for the Freedom of Information, by the way?" "Sorry, I can't talk about that"

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    Politics.ie Member DownTheyGo's Avatar
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    It remains a rare treat when Mom cooks dinner from time to time still so I took great pleasure talking politics tonight together after watching the 6pm news. Mom asked me to explain the whole banking debt business. The easiest way was to simply emphasise how the country can vote through referendum on Judge salaries and pay but when it comes to multi billion Euro bank debts, were you given a say?! Democracy in action is a curious beast. Noonan can spout off all he likes about the original PN deal but passing the buck to future generations is no more legal than any contention he makes with regard to the original deal.

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    Quote Originally Posted by DownTheyGo View Post
    It remains a rare treat when Mom cooks dinner from time to time still so I took great pleasure talking politics tonight together after watching the 6pm news. Mom asked me to explain the whole banking debt business. The easiest way was to simply emphasise how the country can vote through referendum on Judge salaries and pay but when it comes to multi billion Euro bank debts, were you given a say?! Democracy in action is a curious beast. Noonan can spout off all he likes about the original PN deal but passing the buck to future generations is no more legal than any contention he makes with regard to the original deal.
    Maybe next time you can try explaining the Constitution to your mother. Mind you, it'd help to know it yourself first.
    "So how are things at the Campaign for the Freedom of Information, by the way?" "Sorry, I can't talk about that"

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    Quote Originally Posted by venusian View Post
    Excellent! It means that if a case is taken against the legality of the Promissory notes it strengthens it hoping to get the whole non-democratic deal thrown out....Er! hasn't isn't someone trying that at the moment???
    it's a through ball for Donnelly, Ross and Hall. one can only wonder why Michael admits that on national radio. also the details about german government officials directly influencing the ECB is less then charming. is Michael trying to setup the ECB with a trap for a bigger deal?
    Last edited by YouKnowWhatIMeanLike; 17th February 2013 at 03:28 AM.

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    Politics.ie Member DownTheyGo's Avatar
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    Quote Originally Posted by hiding behind a poster View Post
    Maybe next time you can try explaining the Constitution to your mother. Mind you, it'd help to know it yourself first.
    A typical moronic HBAP response. Stop, stop now, before carrying on to make a bigger fool than you already are.

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    Quote Originally Posted by YouKnowWhatIMeanLike View Post
    it's a through ball for Donnelly, Ross and David Hall. one can only wonder why Michael admit that. also the details about german government officials directly influencing the ECB is less then charming. is Michael trying to setup the ECB with a bigger trap for a bigger deal?
    If we hadn't been conditioned to mediocrity we could hope. But then again we know what we know..............

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    Quote Originally Posted by hiding behind a poster View Post
    How is the judgement bizarre?
    Mr Kearns has ruled that he was not the man to take this challenge as he does not have the legal standing and as a taxpayer he has not been prejudiced any more than anyone else.
    http://www.irishexaminer.com/breakin...es-583111.html
    Maybe you can explain the reasoning behind that because, apparently, nobody else can.

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