Revolution in the air

The dreaded ‘R’ word has entered the public arena. Revolution was being openly discussed on Morning Ireland and Today with Pat Kenny this morning and it seems poor auld Bertie was its first victim.

He was prevented from participating in a public discussion in NUI Galway last night after being jostled by students protesting over the planned reintroduction of college fees.

Bertie, who, I assume, would claim had nothing to do with the present crisis, just wanted to talk about his life and times and accept a gong from the college’s Literary and Debating Society in appreciation of his tireless and patriotic efforts for his country.

I just hope NUI Galway coughed up Bertie’s attendance fee; after all, he’s struggling to cope on his €100,000 TDs salary, €164,000 pension, up to €100,000 in mostly unvouched expenses, and a raft of other ‘perks’ for those who have served their country so well.

People like the corrupt Ray Burke on a pension of €100,000, the disgraced Padraig Flynn on almost €100,000 and the (I’m too sick to give evidence) former Taoiseach Albert Reynolds on €103,000.

Mmm…maybe I shouldn’t be describing the word revolution as ‘dreaded.’

Who will be the next Financial Regulator?

The Government hasn’t yet announced who will replace Patrick Neary, the incompetent Financial Regulator, who will retire with a lottery sized golden handshake and a massive pension later this week.

While it’s very difficult to predict who the replacement will be I would put money on the present Consumer Director and (I think) acting regulator Mary O’Dea.

The Government might see the appointment of a woman as a ‘radical’ move in addition to the fact that O’Dea is the only senior director that doesn’t have a Central Bank background.

Consumers, however, shouldn’t get too excited if indeed O’Dea is appointed. She’s just as ruthlessly committed to protecting the vermin that infest the financial sector as all previous regulators.

Prime Time carried out a sting operation last May in which they exposed serious mis-selling to the elderly by a number of financial institutions.

According to Ms. O’Dea there was no evidence to suggest there was a widespread problem across the industry but according to the Financial Ombudsman, Joe Meade, the practice is a serious problem.

When O’Dea was asked if the regulator’s conclusion that there wasn’t a serious problem was based on self reporting by the financial companies she said.

“It was based on asking companies at a senior level to examine their files and to look at the details of what they had on a control basis.”

So, the Prime Time undercover sting operation reveals very serious mis-selling and the experiences of the Financial Ombudsman also points to a very serious problem, but the regulator, who politely asks the financial institutions if they’re doing anything wrong, concludes that there’s no serious problem.

That’s the level of ‘regulation’ we can expect if O’Dea is appointed and, to be fair, it will be the same no matter who is appointed to the lucrative position.

Copy to:
Financial Regulator

"Shut up, stop it" – 'We don’t want to hear the truth’

Marian Finucane (Sunday) was still very upset about the Ireland/Iceland joke on a recent Newsnight programme (See previous posting).

I suspect that Marian and her panel are more upset because the joke, which most people have already heard, was made by the ‘old enemy’ and proves the point that most Irish people are still struggling towards national maturity.

“We’ll it’s something that gets up my nose I have to say while I do think we have made mistakes, the subprime which has caused disaster right across the world originated in the US and I don’t want to be hurling insults at anybody but I mean that is where it started. So as it is the Financial Times, the New York Times and the Herald Tribune quoted that (Essentially, Ireland is corrupt) which is probably not doing us any good.”

Businessman and property developer Noel Smyth agreed with Marian

“That’s exactly the type of comment that you don’t need…we’ve had all the jokes…now we’ve had enough, shut up and let’s get on with it…we’re the wild west according to somebody in Germany (sic), somebody else said in the New York Times you wouldn’t invest in Ireland because you’d lose your money. Stop it; we’ve got to stop that.”

As Smyth spoke he was supported by a chorus from the panelists – Yes, that’s right, that’s right.

There was no discussion or acceptance that what these newspapers are saying about Ireland is actually true. Even as the financial tsunami that’s engulfing the world begins to expose the truth of our corruption we’re still shouting – ‘Shut up, stop it, we don’t want to hear the truth’.

Copy to:
Marian Finucane

It's just a 'hypothetical' crisis

And still the commentators and analysts are insisting that a crucial part of any reorganisation of the banking sector has to mean that those who caused the mess must be fired, they must be made accountable. Here’s what AIB CEO Eugene Sheehy, one of those responsible, thinks of that attitude (New at One, 2nd report 1st item).

“We have no comment to make.”

“You have nothing to say to reassure your shareholders and customers.”

“They read what they read but we have no comment to make.”

“But people are very concerned about the situation.”

“The Government and the banks are talking to each other, we have no further comment.”

“It’s the taxpayer who is potentially poised to rescue the banks should there be a serious problem, don’t you not think the least you could do is make a short comment on it.”

“It’s a hypothetical situation you put there, we have no comment.”

So, there you have it. A €480 billion guarantee from the taxpayer with anything up to a €15 billion pay out in real money and, according to this greedy, irresponsible and incompetent banker – it’s all just a hypothetical situation.

'Bertie' 3

The ‘Bertie’ documentary continues to portray Ahern for the chancer he is. Monday’s episode reminded us of some of the lies Ahern has told in furtherance of his dodgy career.

We listened to him profoundly state that, in his view, tax dodgers should be sent to jail. We now know, of course, that at the time he wasn’t tax compliant himself.

We also heard his speech criticising those (Haughey) who would abuse public office for private gain. Fianna Fail, we were told, was now a party of integrity and high standards with no room for chancers.

We saw that for the lie it was when Ahern delivered the graveside oration for the corrupt Haughey, describing him as ‘a patriot to his finger tips.’

In the section dealing with the Good Friday Agreement Ahern told of his contacts with Tony Blair and mentioned that all phone calls were taped by the British.

He added, without a trace of irony, “we don’t tape phone calls; it’s not in our culture.”

A grotesque world of contrasts

According to a panelist on the Marian Finucane Show (Sunday), FAS spent €1,633 on flowers for one of their functions at the luxurious Carton House Hotel in Maynooth. We were also informed that the same crowd spent €146,000 on hotels in 2005.

Carton House Hotel describes itself as ‘a wonderful world of contrasts’.

Given the state of our finances the indulgences of FAS could be described as ‘a grotesque world of contrasts’.

Bertie (Can I trust you?) Ahern defended by his fans

Bertie fans are really coming out of the woodwork in response to the television documentary.

Jody Corcoran:

Corcoran, a fanatical fan, thinks that Ahern will come to regret his participation in what he describes as a ‘crude little series’. In this instance I agree with Corcoran. So far, the documentary paints Ahern in a very bad but truthful light so it’s not surprising that one of his most devoted fans is upset.

Willie (Groucho) O’Dea:

O’Dea approves of the documentary. He tells us that the series demonstrates that wealth and personal glory were not the motivating factors for Ahern’s career in politics. Mmm…perhaps all that money Bertie ‘won on the horses’ was donated to charity?

Amazingly, O’Dea actually makes a mild criticism of Haughey – “Haughey polarised, Bertie united.” He tells us. Such ‘courage’ from one of the fearful faithful? Methinks Willie will be receiving a visit some dark night from the great corrupter.

John Cooney: (Author of ‘Battleship Bertie’; Politics in Ahern’s Ireland)

Cooney is another fan although he does refer to Ahern as ‘the disgraced ex-Taoiseach’. He goes on to describe Ahern as a major figure in history, tells us that the nation nostalgically yearns for the vanished Golden Age of the Bertie Era. Well, that’s partially correct – there was a lot of vanished gold.

Cooney aligns himself with all those stupid people who ignore the facts and choose to believe the fairytale that the cunning Bertie got out of power because he knew what was coming down the line.

I say stupid people because if, as his admirers claim, Bertie was a world class leader, a man of the people, a patriot to his fingertips, surely he would have stayed on to lead the nation through the great crisis and out into the glory of yet another Golden Age? Instead, the fecker legged it.

Professor Richard Aldous (Head of History and Archives at UCD).

Never heard of this guy before but he’s certainly a Bertie fan. The professor tells us that the Mahon Tribunal will warrant a mere two paragraphs when history makes its judgement on Ahern.

“The first will be to recount the part the inquiry played in the downfall of a Taoiseach. The second paragraph will be to wonder at the democratic deficit involved in that process.”

Clearly, the professor believes that Ahern is an innocent man brought down by an evil tribunal. I wonder what influence this man has on young students.

Later, Aldous bizarrely and grotesquely equates Ahern’s leadership qualities with those of Barack Obama – Where’s that bucket?

Brendan O’Connor: (Sunday Independent columnist).

O’Connor is Ahern’s number one fan; there are times when I suspect that the columnist is actually in love with his hero. He agrees with Ahern’s ex wife that Bertie has ‘lovely eyes’.

O’Connor attacks all the usual suspects, that is, everybody who hasn’t sworn undying loyalty to the ward boss.

He regrets that the documentary felt the need to trot out all that boring nitty-gritty stuff about Ahern’s bank accounts; it destroyed what could have been a great epic, he tells us. Bertie, according to O’Connor, is a ‘flawed masterpiece.’

Like all the other Bertie fans O’Connor talks about the deep and mysterious Bertie, the man that nobody really knows, the man who doesn’t even know himself, the man who looks in the mirror every morning and asks himself – “Can I trust you?”

Given the culture of corruption and ruthless ambition in Fianna Fail I’d say that’s a question every TD in the party asks every moring as they look in the mirror.

Time for court action

Yet another report from the HSE outlining the suffering and death of patients because of bureaucratic incompetence. A delay of 14 months in cancer diagnosis had serious consequences for nine patients and resulted in the death of at least one of them. In my book this is manslaughter at minimum.

The HSE reacted in its usual sly and callous manner, releasing the report on a day when the media were focused on the historic events unfolding in America.

It’s long past time that somebody in the HSE was hauled before the courts on a charge of manslaughter.

Perfect man for the job

Distasteful as it was, I watched ‘Bertie’ the television documentary on the ex Taoiseach last night. Programmes like this are always useful in gaining insights into people like Ahern, insights that in the normal run of things are hidden by spin doctors and advisors.

For me, the most important insight from the programme was the confirmation that Ahern and his cronies deliberately set out to create a mafia in the Drumcondra area with the ultimate aim of making him Taoiseach. All Fianna Fail opposition in the area was ruthlessly wiped out. Ward bosses were established to ensure everybody knew their place and did as they were told.

It shouldn’t surprise us that Ahern and his cronies were successful; after all they were operating in a country that is itself run on mafia principles created by the corrupt Haughey in whose company Ahern learned his trade.

It is, however, always fascinating to observe journalists and other commentators ignore the fact that Ahern in nothing more than a street wise chancer who had a talent for exploiting the very low standards in Irish public life.

We are constantly told that we must wait for the Mahon Tribunal report before passing judgement on Ahern’s legacy. This, of course, is rubbish. The Carruth/sterling evidence tells us all we need to know about Ahern’s pedigree.

The facts are simple. Ahern and his secretary, Grainne Carruth, swore under oath that Ahern never dealt in sterling. Both gave their evidence in the (mistaken) belief that no bank records existed to disprove their claims.

When irrefutable evidence was produced Carruth broke down and admitted her lies. Ahern, having used every excuse in the book, was reduced to the last refuge of gangsters and drug dealers – ‘I won it on the gee gees m’lord’.

It was at this moment that Ahern should have lost all credibility; it was at this moment that he should have become a figure of contemptuous fun and an object of police investigation. Instead, he was elevated to the status of great statesman and will retain that status for so long as Ireland remains a dysfunctional society unable to face reality.

Even if Mahon finds that Ahern committed perjury it won’t matter. No action will ever be taken against him, it will make no difference to his onward march to sainthood and it is very likely that he will achieve his ultimate ambition – to be president of this banana republic when we celebrate one hundred years of inefficiency, incompetence and corruption. In that respect, he’s the perfect man for the job.