Sam Smyth: Best to ignore corruption?

Recently, a panel of guests was asked for their predictions for 2010 on the Tonight with Vincent Browne Show.

One of the guests, Sam Smyth, when asked did he think there would be an inquiry into the banking crisis, replied.

No, because if they did no one would ever again invest in banks.

I replayed the clip to see if Smyth was being ironic, humorous or cynical, but no, he seemed to genuinely believe in what he was saying.

What hope is there for Ireland if Smyth, a man who is seen by most as an intelligent journalist/commentator, believes that the best way to deal with very serious corruption is to bury your head in the sand and hope that nobody notices?

Developers savaged by (dead sheep) NAMA chief McDonagh

Have a look at this report (2nd item) where NAMA chief Brendan McDonagh delivers what RTE News describes as a ‘stark warning’ to developers who are not cooperating with NAMA.

“If we don’t think you’re viable we will take enforcement action against you,”

McDonagh (darkly) warns.

If I was a developer listening to Mr. McDonagh I would feel very safe. The NAMA chief sounds like a frightened schoolboy threatening the well built school bully with dire consequences if he refuses to hand back stolen pocket money.

As we start out on the long NAMA road let me make something crystal clear.

No developer will face enforcement action, no developer will lose out financially or otherwise, all developers and especially those who have made generous political donations will be well looked after.

Why? Because that’s the way things are done in a dysfunctional country like Ireland.

Developers are already well ahead of NAMA in protecting their interests. The Mail on Sunday (January 3rd) reports that two members of the infamous Anglo Irish Golden Circle, Gerry Gannon and Joe O’Reilly have signed over several tranches of multimillion property assets to their wives.

The paper also reported last July that developer Liam Carroll and Sean Dunne transferred properties to their wives.

The State will do nothing to stop these transfers until all developers have secured their assets.

Then, at some point in the future we will see politicians and officials like Mr. McDonagh wringing their hands as they tell us that it’s too late to act so the taxpayer must pay but, going forward, we must make sure this kind of thing never happens again.

We only need to read a report on the same page in the same newspaper to understand why the State will not take enforcement action against non cooperative developers.

Developer Michael Bailey has bribed politicians, committed perjury and robbed millions in unpaid taxes and yet he’s still walking around a free man.

The weak and ineffective ODCE has been trying for years, and failing, to impose even the minimum sanction open to the state, to ban Bailey from acting as a director of a company.

Not only is the State allowing this crook off scot free but it seems that Anglo Irish Bank, fully owned by the taxpayer, is preparing to pump millions into his company in an effort to rescue it from financial ruin.

This level of state cooperation and support for a corrupt developer puts Mr. Mc Donagh’s ‘stark warning’ into context – Non cooperative developers can sleep soundly in their beds.

See here for report on possible support for Bailey’s company by Anglo Irish Bank and here for an excellent analysis of the proposal by Fintan O’Toole.

Ahern's tax perk

Interesting letter in today’s Irish Times.

Bertie Ahern’s tax perk

Madam,
When I wrote a biography of Brendan Bracken I was denied the artists’ tax exemption by the Revenue because a biography, being a recital of facts, did not rank as an original and creative work.

Are we to infer from their determination in relation to Mr Ahern’s memoirs that they are fiction? – Yours, etc,

CHARLES LYSAGHT,
Strand Road,
Merrion,
Dublin 4.

Mr. Lysaght is being humorous but it’s odd (or perhaps not) that Revenue allowed tax relief on Ahern’s book (which wasn’t even written by him) and refused Mr. Lysaght for what is, effectively, the same product.

Warning: New RTE comedy show can seriously damage sense of humour

I made a serious mistake last night.

After watching Prime Time I failed to turn off the television or at least change channel with the result that I was subjected to RTEs latest ‘comedy’ show – That’s All We Have Time For.

Ok, ok I didn’t have to watch but as the show progressed I was overcome by a grotesque fascination similar to that experienced by people who are witness to a serious road accident.

The show is an exact copy of the very successful BBC comedy quiz show – Have I Got News For You – but without the comedy.

Ok, RTE has never been good at comedy but surely it’s better to fail with something original rather than fail dismally trying to copy one of the most consistently funny shows in television history?

Kevin Myers, Mario Rosenstock (who?) and guests resembled motorized mannequins mouthing prerecorded scripts based on the mutterings of a bunch of Fianna Fail backbenchers.

The embarrassment level was very high and the credibility of those involved is bound to take a severe hammering.

It’s at times like this that I really miss the genius of Dermot Morgan.

In fact, immediately after the traumatic experience I put on an episode of Fr. Ted to revive my seriously battered sense of humour.

Minister Dempsey reassures the nation (from afar) as another committee is formed

Pat Kenny’s usual professional demeanour dissolved into helpless laughter today after reading out the following government press release regarding Transport Minister Noel Dempsey’s reaction to the cold spell.

The minister is out of the country on holiday, but, the press release reassures everybody:

He’s keeping fully abreast of the situation through officials and colleagues; he’s requested his officials to meet with relevant counterparts in other departments and agencies to ensure maximum coordination of efforts.

Meanwhile, on the home front, the rest of the buffoons have finally responded to the cold snap by forming, yes, you’ve guessed it, another committee.

The emergency response committee is meeting to discuss the situation and no doubt will have recommendations on the table by August.

Listen to Pay Kenny’s reaction here (1.14)

Government threatens invasion over BBC insult?

I see the Government has made a formal complaint to the BBC over its use of Paul Gogarty’s Dail outburst on the popular comedy show ‘Have I got news for you’.

The reaction has echo’s of the Brian Cowen portrait incident which saw the full power of the state mobilized in an effort to exact revenge on behalf of the Great Leader.

I’ve requested a copy of the complaint from the Houses of the Oireachtas Commission. I’m curious to see if it includes a threat to invade Her Majesty’s realm if this slight on the dignity of the Dail is not immediately rectified.

In keeping with our banana republic status all Irish media outlets are banned from broadcasting such disrespectful material.

We can only thank the Great Zeus for the internet and Politics.ie

Cardinal Daly: Protector of rapists

Irish Independent columnist John Cooney gives a glowing review of the life of Cardinal Daly who died on New Year’s Eve.

It’s only at the end of the article that Mr. Cooney tells us that the Cardinal lied in regard to his knowledge of the activities of paedophile priest Brendan Smyth.

The article could be summed up as follows:

Cardinal Daly was a brilliant scholar, theologian, philosopher and peacemaker. Oh, and by the way, he also strongly believed that the good of the Catholic Church was more important than protecting children from rape.

But let’s not dwell on that too much.

Brian Lenihan's illness

It’s not often I’m at one with off the wall columnist Kevin Myers but on this occasion I’m in full agreement with his analysis of the decision by TV3 to broadcast the news that Brian Lenihan was suffering from a serious illness.

I also agree with his description of Noel Whelan’s response as

A disgusting farrago of posturing humbug and tendentious prating.

Ivan Yates takes the peasants to task

The hypocritical preaching of many commentators never ceases to amaze me. Ivan Yates, in a review of the decade, takes the nation to task over our ‘robust materialism and consumerism‘. He goes on;

The quality of life has been defined by the number and nature of holidays, size and spec of car, interior decor of home and gaudy displays of unnecessary expenditure.

The happiness provided by these shallow desires has been short-lived. Now that we can no longer afford them, we find that they weren’t all that they were cracked up to be.

Judging from this sermon we could be forgiven for thinking that Mr. Yates is speaking from the high moral ground, that he’s lecturing the nation from a dark and damp cave out in the West of Ireland where he has donned a sackcloth and ashes lifestyle to redeem his excesses during the boom years.

Let’s take a quick look at Mr. Yates lifestyle. He’s chairman and managing director of Celtic Bookmakers which is jointly owned by himself and his wife. The business has 63 outlets in Ireland and Wales with an annual turnover of over €100 million.

Clearly, Mr. Yates is a multi millionaire and the ‘we’ he refers to in the above quote is obviously aimed at the great unwashed and not at the great and the good of Irish society such as himself.

Indeed, we can assume that Mr. Yates would be devastated if the great unwashed actually took his moralizing to heart and, en masse, decided to abandon their pathetic attempts to satisfy their ‘shallow desires’ for happiness when gambling their hard earned money in his betting shops.

And let’s have a closer look at the above quote.

Is Mr. Yates, the multi millionaire, telling us that neither he nor his family take holidays anymore? Are Mr. Yates and his wife sharing a second hand, banged out Toyota to collect takings from their 63 betting shops or, as I suspect, are they driving around in the latest luxury models?

I look forward to an article from Mr. Yates, complete with colour pictures, that will show the nation that he lives in a modest house without a hint of ‘gaudy display or unnecessary expenditure’.

In addition to his betting business Mr. Yates also presents a radio show on Newstalk, is prominent figure on the after dinner speech circuit and of course writes a column for the Irish Examiner all of which, presumably, he is well paid.

I don’t want to be misunderstood here; I have no problem with Mr. Yates’ business success. I’m a strong believer in (controlled) capitalism and have only admiration for those who go out there and make it in the business world.

I do, however, strongly object to such people telling the rest of us that we must now suffer for losing the run of ourselves during the boom.

The truth is, of course, that when Mr. Yates writes about shallow desires he is not talking about himself or any of the ruling elite of this blighted country.

He’s talking down to the peasantry, who, for a brief few years, gained a small benefit from the corrupt system created and operated by his fellow elites in the political and business world.

That peasantry is now being forced to pay the price for the greed and arrogance of the ruling elite; a ruling elite that Mr. Yates fully supports as we can see from his high opinion of the chancer Bertie Ahern.

The historical annals will declare Bertie Ahern and Tony Blair as the predominant victors and statesmen of this decade.

Only somebody who lives in the rarefied and secure world of the ruling elite could outline the realities of Ahern’s incompetent leadership:

negative equity, unemployment, house repossessions, business failures, emigration, a return to further education and poverty.

And in the same article tell us that this chancer is the statesman of the decade.

And let’s not forget that the peasantry Mr. Yates takes to task for taking more than one annual holiday or outfitting their homes with gaudy displays of unnecessary expenditure are the same peasants who pay both his TDs and minister’s pensions.

Copy to:
Ivan Yates

Bank inquiry

Letter in today’s Irish Independent:

Bank probe would drive investors away

Regrettably, I have to agree with the Taoiseach’s view that an independent investigation of the causes of our economic crash would damage our international reputation and lead to further economic hardship for the country.

Yes indeed, Taoiseach, you are right, the ‘markets’ would react very unfavourably to the exposure of the fact that the people who were responsible for the disaster are still in their positions of power within the banks, the Government, the Department of Finance and indeed, in many instances, the regulatory system.

What investor in his right mind would want to invest in a banana republic that bails out the bankers and fails to punish the incompetent, the negligent and even the corrupt at the higher echelons of its society?

Instead, let us keep things ‘hush, hush’ and maybe the ‘markets’ won’t notice and our problems will magically disappear.

Jimmy Finn
Claremorris, CO MAYO