Order of Business - 19th December 2008
Order of Business – 19th December 2008-12-19
Senator David Norris: I would like to raise two matters. I have been shocked
by this morning's financial developments. When I interviewed the gentleman
in question on the radio, I found him to be very pleasant. It is astonishing to
think that the entire establishment has been impugned. Leading people from
practically every pillar of our community - politicians, clergy of various
denominations, lawyers and bankers - have gone to jail. It is astonishing. I
was involved in a directors' loan some years ago. I gave money to a company
to keep it going. That is my understanding of how a directors' loan works.
Directors should not take one third of their companies' funds, which really
belong to other people, for themselves.
It is clear to me I simply do not understand high finance, but I think it is sometimes fairly low finance.
I refer to another matter I regard as quite serious. On foot of newspaper reports, without any personal animus against people whom I do not recall ever having met and about whom I do not know anything, I have raised questions about the way in which the chief executive officer of the Equality Authority was driven out of office. He is a person of the highest integrity. I asked a series of questions. I wish to put on the record of the House that attempts have been made by senior members of Government to intimidate me, to indicate to me that I would be politically punished if I attempted to continue to raise these matters. If that ever happens again, I will name the Minister who did it, and I will not stop in this House. I will do the same outside and I will let anybody who dares to intimidate me or to interfere with the democratic process take his or her chance against me in the courts. I am one of the most litigious people in this land and I have never lost - the worst I had was a draw.
We have indicated that that we will celebrate the first meeting of Dáil Éireann in 1919 and it is perfectly proper, wonderful and honourable that we should. In the context of the attacks upon human rights and the swingeing cuts, the Government should bear in mind these two sentences from the programme of Government for the First Dáil in 1919:
We declare that we desire our country to be ruled in accordance with the principles of Liberty, Equality, and Justice for all, which alone can secure permanence of Government in the willing adhesion of the people...
It shall be the first duty of the Government of the Republic to make provision for the physical, mental and spiritual well-being of the children, to secure that no child shall suffer hunger or cold from lack of food, clothing, or shelter, but that all shall be provided with the means and facilities requisite for their proper education and training as Citizens of a Free and Gaelic Ireland.
That is the test against which the Government will be judged.
Senator Terry Leyden: Successfully.
Senator Jim Walsh: Some €45 million has been spent on the Equality Authority in the past decade, which is a considerable sum of money.
Senator David Norris: It is buttons compared with the waste.
Senator Jim Walsh: This year the authority's funding will enable it to have 38 staff.
Senator David Norris: None of them has any experience.



1 Comments:
Part Two: DDDA, Anglo Irish Bank & Revolving Doors
http://galwaytent.blogspot.com/2008/12/part-two-ddda-anglo-irish-bank.html
Here is an awesome piece of perception management for international investors. It solves the corporate governance issue for Anglo Irish Bank and the DDDA. Why have two different heads as chairmen of Anglo and of DDDA when you can economise with just one!
* Anglo Irish Bank has appointed director Donal O'Connor as the new chairman of the bank.
* Donal O'Connor is also chairman of the Dublin Docklands Development Authority.
No doubt this fixes the potential conflicts of interest and the revolving doors between the Dublin Developers Digout Autocracy (DDDA) and Anglo Irish. Perception is reality.
These potential conflicts will of course have nothing to do with honourable gentlemen recently resigning from both Anglo Irish Bank and also resigning from the obviously above-board DDDA. And the fact that Anglo's logo includes a pyramid has nothing whatsoever to do with Mr Ponzi and his schemes. And nothing to do with the Galway Tent's Great Celtic Tiger Pyramid Scheme of 2000 to 2008.
And nothing whatsoever to do with the huge hole DDDA-Becbay-Anglo is literally digging at the former IGB site in Ringsend where the added-value is now a negative €200 million to €300 million.
A year ago before the resignations, Senator Shane Ross reported:
April 29 2007
* Anglo Irish Bank chairman Sean FitzPatrick is on the board of the DDDA.
* DDDA chairman(0) Lar Bradshaw is a board member of Anglo Irish Bank.
* DDDA owns 26 per cent of a company called Becbay.
* DDDA director Niamh O'Sullivan's day job is as a director of Arup Consulting.
* Mary Finan ... Bank of Ireland ... member of the DDDA council ... consultant to the DDDA
More: Part 1, ddda-anglo-irish-banks-revolving-doors.html
Pyramid Logo
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ref:
http://www.independent.ie/business/irish/anglo-chief-quits-after-hiding-euro87m--bank-loans-1580513.html
Shane Ross: Sunday Independent, Wheels Within Wheels article.
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