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!