The Mail on Sunday has a good article today (which I thought deserved a wider audience, hur-hur..) by Michael O'Farrell and Niamh Walsh which reveals something done by Dempsey in 2002 that makes his Ard Fheis 'Cromwell' speech look even more vomit-makingly ridiculous than previously thought. The Building Society Act of 1989 laid down that all loans to building society directors and their families mst, for transparency and accountability, be publicly listed in a file submiited to the Central Bank every year. Dempsey changed this in 2002 by adding a paragraph to an unrelated Act, the Housing (miscellaneous) Act 2002 allowing for all loans to famly members to be kept secret as well as all loans secured against a director's home. The Mail says that there was no debate on this provision to be found anywhere, because it is added on to an Act that seems to have nothing to do with the issue on the face of it (the main Dail discussion on the Act was on the provisions allowing forcible evictions from illegal halting sites), while it was never publicly announced in a press release. When asked by the Mail, the Government refused to explain why this was done in such a way, nor whether it had been as a response to lobbying.
As a result of the change two mortgages loaned to Michael 'Fingers' Fingleton's wife and son in 2003 were kept secret, and were only found by the Mail after a trawl. Fingleton's wife received another loan on January 29th this year. There are now apparently several loans made from Nationwide against Fingleton's own home. The provisions of the 2002 law change by Dempsey have been effectively reversed by the Regulator this week.
I don't have a cyber-linkemyjig for the Mail so you'll have to take my word for it. But Dempsey, if he had any shame, would obey the words of the Oliver Cromwell when he said "You have sat too long for any good you have been doing lately ... Depart, I say; and let us have done with you. In the name of God, go!"