Gardai’s well crafted raid on former Anglo Irish Bank chairman’s house a convenient diversion for Coalition

Hold on a minute. Am I missing something here?

The Gardai, descend on Sean Fitzpatrick’s Greystones home last week in a surprise dawn raid and now claim they found no ‘smoking gun’?

So, intelligent people, are you telling me that, a full 14 months after a well-crafted and much publicised ‘swoop’ on Anglo Irish headquarters, with photographers and television cameras in tow, the Gardai actually expected to find a ‘smoking gun’ (Garda spokesperson’s words) at the former bankers home last week?

So why now? Could it be to cloud the fact that our patrician and eloquent Minister for Finance Brian Lehihan has incredulously decided to backdate the value of all property loans being acquired by NAMA to November 2009, a move that economists claim may now cost taxpayers up to €5 billion. Latest information on house prices show that they have dropped significantly since November which means the taxpayer will have to pay billions more than the loans are worth. This Government is now engaged in ‘legislative price fixing’ on behalf of our financial institutions and developers.

Secondly, the raid has been carried out on the eve of the Government’s announcement of the first tranche of the transfer of loans to NAMA.

This timely raid for the Government has also come just before the nationalised bank looks set to announce what are expected to be horrific results which, when translated by our leaders, will mean the injection of even further massive wads of taxpayer’s cash ……just to plug the hole of a zombie bank.

Will someone, somewhere, please shout STOP!


1 Response to “Gardai’s well crafted raid on former Anglo Irish Bank chairman’s house a convenient diversion for Coalition”

  1. 1 Charlotte March 25, 2010 at 3:57 pm

    Anglo Irish Bank seemed to tolerate low standards in high places I am aware that they currently have on a debtors list a current sitting high court judge who is using his clout to prevent his name been released

    The same judge has set himself up a Foundation for £82m sterling using his wife’s name “The Rosemary White Foundation” and his late mother in law’s age The address for residency he is using is currently been investigated to see if the house is occupied or empty and the registered business address appears to be one where correspondence is just sent on to the person

    The judge has been using the assets for his own personal use since his mother died nine years ago well with £82m lodged in a bank account a person could quite easily live off the interest alone

    It would be very unusual for a barrister to have accumulated that type of income in their career and certainly not in the type of advocacy this judge did as a barrister where most of his came from state funded court cases He only appeared in one tribunal and that was in a small way his earnings for that tribunal in the 1980’s were I believe £40,000

    It is very much a case of low standards in high places as this judge is one of the most prominent judges in the central criminal courts and he is overseeing justice to others yet his fellow judges consider him fit to practice on the bench

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