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THE CENTRAL BANK has said it will not be making any further reports to authorities as a result of the material contained in the Anglo Tapes.
The recordings of bank executives’ phone conversations caused huge public uproar when they were published by the Irish Independent during the summer.
Amongst the many public revelations was the quote from Anglo’s then head of capital markets John Bowe which showed the institution was attempting to mislead the Central Bank in the days leading up to the bank guarantee.
Bowe was recorded as saying: “That number is seven [billion euros] but the reality is we need more than that. But you know, the strategy here is you pull them [the Central Bank] in, you get them to write a big cheque and they have to keep, they have to support their money, you know”.
In a statement this afternoon, the Central Bank says it has carried out a review of the issues raised as a result of the recordings, and decided no further action is necessary:
The tapes raised concerns that Anglo may have deliberately misrepresented its financial position when it sought financial support from the Central Bank in 2008. The Central Bank has examined Anglo’s interaction with the Central Bank at the time in relation to this matter.
The statement goes on to say that no new issues have come to light as a result of the publication of the tapes “that relate to suspected criminal offences having occurred” and that as a result “the Central Bank does not intend, and is not required, to make any further statutory reports of suspected criminal offences to An Garda Síochána or the Office of the Director of Corporate Enforcement in relation to this matter”.
The investigation into the toxic bank being carried out by the Garda Bureau of Fraud Investigation and the Office of the Director of Corporate Enforcement (ODCE) was launched in 2009 and is ongoing.
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The people who f#*ked the Irish people over get caught red handed and who pays the price? The Irish people? Disgusting and disgraceful !!!
Disgusting and disgraceful !!!”
– Yes – disgusting and disgraceful- but what are the Irish People going to do about uit .
There is a near unending criticism of many of FF/FG /Lab actions here – and now Central bank – but what is point in complaining – if no action is taken .
There is only one language they understand .
So FG and FF don’t want to declare who props them up, Noonan stops the naming of account holders in Anglo and now the Central Bank tells us all to f*ck right off. Even by Irish standards, it’s been one hell of a week. And it’s only Tuesday!!
Seriously we are a disgrace to sit back and take this something has to be done
So what are you doing?
Surprised?
The rape of the people of Ireland, just gets swept under an emerald emblazoned carpet.
public fatigue helps…the government and the bankers that is…
Too many garlic importers to prosecute.
rape – not really a word to throw around for the craic.
Well it is rape!! I didn’t give them my permission to screw me over
Who’s happiest it’s all swept under the carpet? Kenny/FG and the blueshirts that’s who! Did history not teach us a lesson about coloured shirts?
But it’s true they are raping the country while the less well off starve to pay there bills
So that’s it then! Because the perpetrators are friends and associates, the central bank won’t be taking action. That’s grand!
It is all in the article…
It already made complaints based on what was already known.
It won’t be making any further complaints to the Guards, based on the content of the tapes.
Correct, Ryan. Fitzpatrick goes on trial in October of next year so it’s not correct to say that nothing is going to be done: http://www.thejournal.ie/former-anglo-boss-sean-fitzpatrick-to-stand-trial-in-october-2014-983700-Jul2013/
Can a case not be taken in the public interest by the gardai if there is no complaint made? €30bn gone and the bank say don’t worry it’s grand. I bet they would make a complaint if I went in and robbed €50 tomorrow.
The central bank have been so complicit with all that has happened that they know that any further action will see them being dragged into it and more truths coming out so it’s a case of ‘ move along now, nothing to see here!’
Lies, distractions, cover ups and total bol**x! As for the recovery, that’s just a case of the rich getting richer while the middle class and poor get squeezed some more
the central bank of ireland is privately owned by the same people who were the bailed out bond holders.. who coincidently are the same people who own Royal Dutch Shell, who were “gifted” €1,8 trillion of our oil and gas reserves….. wakey wakey people!
the information above is a matter of public record, for all the doubting thomas government lackies red thumbing the simple truth….
Hi Peee’d Off!
ahh Margaret, how are you doing there Mrs? and hows Michael and his bonds doing? still stinking rich off the back of white collar crime and the backs of the people he pretends to serve? thats great…
Any other country in the world they would be up in arms protesting to this farce . I don’t understand it . Wake up . Your being treated like sheep with no say no voice . Just move on or else government policies implemented . No accountability . White collar crime is above the law in this country . I’d like to hear David drums phone conversations now . I’d say he’s crying with laughter
Oh he’s grand! getting nice and fat off the backs of the proletariat. Partying hard but still managing to sidestep the devil God bless him. How’s it in blueshirt lite land, have you caught any good ones lately? Any good tales to exclamate and full stop to the hilt, or are you just relying on recycling your old stock?
another very unpopular comment there Mags. Still, I’m sure you are well used to your jokes falling flat in public, so nothing to worry about or even new for you. Feel free to go back to stuffing your fat, ignorant, corrupt head at the publics expense, and the rest of us will go back to pretending you never even existed.
wow Margaret Noonan, Pricewaterhouse Coopers UK are your employer. Well don’t that explain your unempathic shitty attitude to public concerns, with you being an over paid corruption mouthpeice, covering up white collar crime, for a generous fee of course. But who cares where your fee was stolen from, as long as you get your grubby mitts on what you never earned, thats you happy, whoever suffers for it.
@ Maurice, you’re a loon
@youneek: did you really set up a twittter account just to make that clueless comment? it is your only tweet…. if you don’t understand something on the internet, you really don’t have to comment on it…
@ Maurice, no can’t say I understand what you are talking about as its complete nonsense, seriously, the central bank is not privately owned and shell have not been given 1.8 trillion worth of gas and oil. You really are a space cadet
shell are one of the companies who have been given €1.8 trillion of our gas and oil reserves royality free, that is 100% correct, and our central bank is owned by the Rothschilds central banking consortium. Sorry about that. Go find out for yourself. Theres tweet no 2….
@ Maurice, the central bank is an organ of organ of the state. It’s not privately owned, it doesn’t have shareholders. What planet do you live on?
As regards our “gas and oil” reserves, you need another wake up call, we don’t have anything like the reserves you claim. Not one barrel of commercial oil has been brought ashore by any company in decades of exploration. This is a fact.
Stop reading your David Icke, Jim Corr websites, they are not reliable resources. Bet you also think the queen and Obama are really lizard people.
the conservative estimates by the oil companies themselves who were given royalty free exploration rights put the figure at €1.8 trillion, based on 1.8 billion barrels @ €100 per barrell. just because as you put it “Not one barrel of commercial oil has been brought ashore by any company in decades of exploration”, is meaningless, unless you know of one of our bent politicians who know more about oil exploration that the companies who are making billions every year excavating the oil / gas? or perhaps you know more than they do? Read the report “liquid assets” if you want to do some research instead oif guessing what to say.
In relation, surplus cash at the end of the year is divided between been sent back to the exchequer and being held onto by the central bank for it’s shareholders. So who are there shareholders? Not easy tp find out, but we know they exist. Who do you think they are? Or maybe corrie or eastenders take up too much of your time to go and find out.. Sheeple everywhere.
Go get help Maurice,seriously you’re not well.
Any surplus by the central bank goes straight to the revenue coffers. So as you say whoever that goes to owns the bank which happens to be the Irish state.
As regards your claims about oil, wakey wakey, you obviously don’t understand a single idea about the oil and gas industry. We don’t have any viable oil reserves and only very small gas reserves. This is fact, if it wasn’t the case then why are Exxon mobile not overly enthused to the “huge free” oil reserves off our coast
http://www.irishexaminer.com/business/exxonmobil-not-leaving-irish-waters-238864.html
or so they say, as a bargaining position you fool.. here you go dipstick..
http://www.shelltosea.com/content/drillers-earn-%E2%82%AC53bn-irish-oil-find
anyone would think you have shares in the oil rights…
or hey, maybe you actually believe the crap your spouting here, and if that is the case, i’ve got a bridge to sell you… good grief…here is a link to down load that report you keep refusing to look at which a steaming pile of horse crap out of your arguement….
http://www.shelltosea.com/content/liquid-assets-report
download a learn something Denis O Brien or Tony O Reilly doesn’t want you to know….
You’ll be trying to tell us that Bilderberg meetings don’t exist next….
@ Maurice, you don’t have an argument nor any understanding of anything from what I can see. Quoting shell to sea shows where you are coming from, couldn’t be bothered discussing any more with you. As you can’t reason with the irrational.
Try and get some help for you paranoia, read up a little more and be open minded. Stop being childish and seeing weird conspiracies.
Surprise surprise
Perhaps they are ‘a shower of clowns’ over there.
If you cant afford a tv licence or cant pay a fine you go to jail. If you rob a Nation of its future sure your grand.
But only if you went to the same school as each other.
funny handshake not withstanding…
The Central Bank are admitting they themselves knew 7 billion would not be enough
As far as I can tell from the article they’re saying that nothing new has come out of this, which can leave two scenarios. 1) They have already known about the misleading information provided by Anglo executives and have already provided this information to the Gardai as part of the ongoing investigation. 2) This is just a further proof that the whole system is a complete joke and that there is no appetite amongst our elites to pursue this because they’re afraid of what will come out in the wash.
@ted…correct ted.couple this with the report today that the Anglo statement of affairs will not be released now due to the direct intervention of the minister for finance,no less than 3 times.there is something this govt does not want coming out in the wash and thats for sure
Yet a fruit and veg man gets jailed for “defrauding” the state,even though he paid it back,chump change to what the banks did !no action taken,sad part is its come as no surprise,money looks after money
Once a boarding school bum buddy, always a boarding school bum buddy.
Once a boarding school back side buddy, always a boarding school back side buddy!
Mmmm Something wrong with the updating, the first comment appeared to be blocked.
Oh well make me look like an AR$€hole now I guess.
No one has yet been charged with fraud, or if we were to go to extremes, treason. Those tapes prove willful fraud (low balling in an attempt to suck someone in where they are left “pot committed” is fraud), so why is that not being pursued?
Surely it’s obtaining money by deception … which is a criminal offence, Just looks like nobody has the balls to take on the Big players.
Ben
Courts have yet to decide on if it were “obtaining money by deception”, therefore you can’t expect the central bank to say anything else now can you?
Didnt stop them paying out €50 Million yesterday to unsecure bondholders either, Birds of a feather and all that *Nudge*Nudge**Wink*Wink*!!!
Why am I not surprised-there are all up to their neck in the s#it as usual!!..banking enquiry-what a joke…
Well there you have it. I’m actually not in the slightest bit surprised at all.
The banking industry is perhaps the most incestuous (next to politics) business on the planet.
There is no way a banker will go against another.
And no political party will do anything either, they will make the right noises but nothing will come of it.
And we then are expected to pay property and water taxes?
I’m not surprised. Turkeys don’t vote for Christmas.
Now there’s a surprise.
Nothing to see here, move along
No surprises.
And the rich get richer while the poor get poorer. Ah it’s a great country.
It’s a great Europe you mean.
The media circus ran out of steam eventually.
What did M Harney once say? “the Electorate have a short memory” Enda will be hoping that his promise to get to the bottom of the banking crimes will be forgotten at the next election. He is now in bed with the Bankers and doing his best to ensure that all his mates get implicated. Wait a few years and we will have one scape goat in the dock who will be deemed to ill to serve time (precedent: Charlie H)
If Carlsberg made the worlds biggest brush and carpet
Ireland would be their first port of call.
So are the central bank saying they knew the commercial banks were lying about how much money would be needed to bail them out?
Good, now we can focus on prosecuting the real criminals in this country. Like the sick elderly couple who duped us all by not paying their TV license fine.
This is a very worrying development. It shows that the central bank are really running the show here. Before this crisis, the Gardai and the DPP used to decide what cases would be brought to court….this is a frightening development and an affront to our democracy.
The Central Bank IN Ireland is a foreign entity. It issues paper and electronic money and keeps a watchful eye over a zero reserve monopoly ponzi economy.
It’s sentinel agents and staff are well paid to commit economic treason.
If it truly were our national central bank, it would implement policies in the public interest, instead it has enslaved the nation with fraudulent tricks for the enrichment of its private owners.
Donncha, your point is proven by the fact that Section 6 of the Central Bank Act 1942 requiring credit control in the public interest was revoked by Section 5 of the Central Bank Act 1998 and again reinforced by Sections 6 and 7 of the Central Bank and Financial Regulation Reform Act 2004.
This was not accidental. The Central Bank of Ireland destroyed the system of prudential control of credit so as to facilitate the massive expansion of the Irish banks and part of the collegiate system of the ESCB Statute.
As a result the financial stabiliry of the nation has been destroyed and the CBI wants the jackal or zombie banks to feed on the distressed borrowers.
Bankers protecting developers protecting bankers protecting politicians protecting ….
Using the “bankers-developers-politicans” triad is repeating a media soundbite.
It is like says the economic collapse cause was “Lehmans”. Lehmans was the name of a bank.
Developers used (fake) money loans gifted to them ultimately by the central banks and its owners. They were not doing anything unethical or immoral in providing a service and infrastructure.
By bankers, the venom is falsely directed to the likes of Fingleton, Fitzpatrick etc who were trying to ignore the swelling ponzi scheme probably unaware of the real plan of those handing them the Irish nations workforce future.
And how many politicians truly understand the money system? One ex-Fine Gael Attorney General traitor does but few others.
The real traitors were the Central Bank chiefs who committed treason serving their international financier dynasty masters that are never to be named in mainstream media.
‘Theres balls on them boys like Bengali tigers!’
What can they honestly do? The tapes are frustrating and an insult for all Irish people. But if no laws have been broken, what exactly can be done?
Remember real courts are quite different from the mob-like court of public opinion.
Executives from Anglo Irish Bank were recorded conspiring to defraud this country out of billions of euro. This they done and you say no crime was committed.
Are the Central Bank hoping that by releasing this news they will create uproar and that some one in an influential position might prejudice the upcoming court case by commenting on the case? Not like is hasn’t happened before.
See my comment above. What I meant was additional laws, but unfortunately the Journal doesn’t have an editing option.
Since when did the Central Bank take over from the DPP? They can’t even do the little they have to do!
As far as I understand it, they are legally bound to report certain things to the Gardai.
And they’ve probably been working with the DPP anyway.
They Gardai are obliged to investigate complaints and crimes, there is prima facia evidence of crime here. Many members of the public reported the lads on the Anglo tapes to the cops, yet the Gardai did nothing.
Sure the Gardai don’t even have a bike to ride these days I hear, never mind having the resources to deal with this.
That’s actually hilarious
The damage was well and truly done before Anglo Irish tried to scam the Irish State.
The system of credit control in Ireland was intentionally dismantled by the Central Bank of Ireland.
I agree, how else were they to get hundreds of thousands of people jobs in construction that would provide massive tax revenue that could support huge increases in public sector salaries and welfare payments except by leveraging the banking sector until it broke. Anglo was a monster created by lack of bank regulation that destroyed the concept of prudence in banking here.
Are any of us really surprised?
Just throw a blanket over it and it disappears
They’re obviously bricking it over in dame at – terrified they’ll get found out!
Daresay there’s some fairly damning dirt on Central Bank / Regulator minions on any tapes worth taking action over. They were as deep in on the con as the crooks in the banks,
Do the guards or DPP even have the full set of tapes from all the banks? Anybody bothering to listen to them yet?
Does any of this really come as a surprise to us, really? Only way to make an impact is to march and protest in 10′s if not 100′s of thousands on the capital and we all know this but opt not to do it!
The Irish way of things!
Cahoot’s
What were they going to do? Fine them?
The tapes are bullshit. Remember the Guards swoopes in a few years ago on an early morning raid? That was to take the real evidence away, including the important recordings. We are been spoon fed what they want us to hear.
More crap fed to fools.
Yes asking BANKERS if they want to punish other BANKERS, so when they do the same we will know what to do with them. Brilliant, Who’s idea was this?
What do you mean the tapes caused “huge public uproar”?no they didnt…they SHOULD have but sadly…didnt
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