more revelations about Molloy and Fitzpatrick

[celticwarrior]

it is revealed today that disgraced ex-boss of FAS, Molloy, was allowed to keep his company car on his resignation; an investigation has begun to discover why and who sanctioned this 'perk' over and above the severance package already in the public domain; the car, a 2007 Audi A6, is valued at 23,000 euro;

coincidently, embattled FAS Chairman Peter McCloone has submitted his resignation to Minister Coughlan and other board members are currently meeting to 'consider their positions';

meanwhile, a leading bankster deemed by all to be responsible for much of the shady dealings and corrupt practices that led to the collapse of Irish banking, the cavalier Sean Fitpatrick, has pleaded inability to pay the 400,000 euro monthly interest on the (allegedly) fraudulently-obtained 100 million euro in loans he siphoned out of his bank;

in response, Minister Gormley has said "there can be no special treatment, he will be pursued for every penny of his debts"

a few months ago, the offices of Anglo were raided by the Gardai, investigators of Paul Appleby's Office of Corporate Enforcement and other accounting bodies to gather evidence against members of the Bank's board

[celticwarrior]

In a related RTE News report, one of the prime property developers during the boom, Owen O'Callaghan, has expressed his resentment  and reservations re the Govt's NAMA legislation:
opening a half-a-billion euro shopping complex today, he said profitable developers like himself are helping to fund the flow of taxpayers money to subsidise the non-performing 'toxic assets' of the banks; he claimed some developers did make mistakes and overspent during the boom, but they are paying for it now;
he said he didn't see why relatively well-financed developers like himself should have to  pay for the debts of the few considering the Gov't never consulted him and others like him before drawing up the NAMA plan---------a  different take on why most working people don't approve of these bail outs with their money

to read some Irish people's blogs about all this public and corporate corruption, see this site
http://www.politics.ie/current-affairs/ ... today.html

[celticwarrior]

The remaining FAS board members have decided to resign but the terms and conditions of their contract has to be reviewed and legally ammended before they can step down and a new board nominated to this bloated, semi-state kwango; this is unlikely to be completed before November;

However, there is a clear rift opening up between the two government parties over this contentious issue:
 http://www.google.com/search?sourceid=n ... +to+resign

meanwhile, Des Geraghty, the former General Secretary of the largest public services trade union, and now a director on the FAS board, has apologised for the scandalous waste of public money:
 http://newstalk.ie/newstalk/news/23592/ ... money.html