Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Lenihan indemnifies Anglo Irish directors

Options
13»

Comments

  • Closed Accounts Posts: 792 ✭✭✭juuge


    hellboy99 wrote: »
    This and everything else of late that has been going on, this has got to be the worse FF party / government ever.

    Remember when the finance minister asked to see the bankers last year he didn’t haul them around to his office in government buildings – No he brought them all up to Farmleigh House in the Phoenix Park where they were all extravagantly wined and dined at our expense. Maybe the next time they should all dine at the canteen in Wheatfield Prison, somehow I don’t think that will happen and still the ‘paddy-gob*****s’ vote for them – sad!


  • Registered Users Posts: 2,188 ✭✭✭growler


    I assumed after reading this in the business post that this was put in place to indemnify directors in the future, given the potential problems and legal proceedings anglo could face, getting people in who can run such a business would be difficult in the extreme. It is vaguley possible that this shows a bit of foresight that would prevent a quango of the boys / civil servants / nephews running the bank into the ground in a spectacularly inept fashion.


    Doubtful really.


  • Registered Users Posts: 4,885 ✭✭✭Stabshauptmann


    growler wrote: »
    I assumed after reading this in the business post that this was put in place to indemnify directors in the future, given the potential problems and legal proceedings anglo could face, getting people in who can run such a business would be difficult in the extreme. It is vaguley possible that this shows a bit of foresight that would prevent a quango of the boys / civil servants / nephews running the bank into the ground in a spectacularly inept fashion.


    Doubtful really.
    that would make sense with reagard to the directors being indemnified from the actions of other directors. Whats your reading of the other articles?


  • Registered Users Posts: 929 ✭✭✭ilkhanid


    There are a number of pending civil actions against the bank and the directors. Im not in the legal profession, but to me they dont seem well founded or winable.

    Under the companies existing rules the company covered a directors costs in any legal proceedings if they are found innocent. Under these rules the directors will be spared the cost of defending themselves from certain civil actions.

    Defending oneself can be incredibly expensive. I think a day in the high court costs about 20k. Someones life could be ruined defending a frivolous action.

    God forbid such a terrible fate awaits anybody from Anglo-Irish bank :eek: My heart bleeds for them.


  • Registered Users Posts: 4,885 ✭✭✭Stabshauptmann


    See thats exactly the type of childish, small minded, ****, that I would like to see people protected against.

    If they're guilty they're guilty, I dont accept any of this dogs on the street crap. Due process for one and all


  • Advertisement
  • Registered Users Posts: 929 ✭✭✭ilkhanid


    See thats exactly the type of childish, small minded, ****, that I would like to see people protected against.

    If they're guilty they're guilty, I dont accept any of this dogs on the street crap. Due process for one and all

    Then let them take their lumps like everybody else. I'm not saying they should be lynched, but if people want to take legal action , then so be it..are we really supposed to care?


  • Closed Accounts Posts: 94 ✭✭paddyboy23


    what do exspect of brian lenihan hes not going to do anything to these bankers there his own people there the same bankers who looked after brian senior and mr haughey for years them people are family,brian and charlie took that much money of us there sons need never work again but they see it as there right to run this country the way there thiefing fathers did,if my dad was manager of dunnes and he was caught robbing the place blind whould i get a junior manager job would i f ..k these bankers blew millions gambling our money for there gain and not one of them will pay 1cent you see if they do


  • Registered Users Posts: 22,424 ✭✭✭✭Akrasia


    That is the very opposite of socialism. If Ireland were a socialist country, we would have nationalised the banks and let Anglo Irish go to the wall, whither and die like it should be. Instead we're bailing out the banks with our money, and getting absolutely no reward for it.

    It was a socialist-looking move, nationalising Anglo, but it was the very anthesis of what people like Connolly died for.

    Exactly, No socialist would ever consider taxing the worker to pay for the losses of the capitalists.

    A true move towards socialism would be to allow capitalism to self destruct, and then rebuild the economy based on workers controll of the means of production (preferably from the bottom up, and not the state socialist model which history shows trends towards totalitarianism)


  • Registered Users Posts: 22,424 ✭✭✭✭Akrasia


    growler wrote: »
    I assumed after reading this in the business post that this was put in place to indemnify directors in the future, given the potential problems and legal proceedings anglo could face, getting people in who can run such a business would be difficult in the extreme. It is vaguley possible that this shows a bit of foresight that would prevent a quango of the boys / civil servants / nephews running the bank into the ground in a spectacularly inept fashion.


    Doubtful really.
    Even if your reading was correct, what standard of applicant would require an indemnity for the legal costs and damages even if they lose the case, before they would accept the job? (they already had an indemnity against their defence costs if they are found innocent)

    To hire someone to do a job under the explicit understanding that if they screw up, they won't be held responsible? Thats a little bit FF


  • Registered Users Posts: 4,929 ✭✭✭Raiser


    ionix5891 wrote: »
    oh dear god

    if this is not a nail in FF/Greens coffin then what is?

    Thursday 24th May 2007........

    Don't ever underestimate the sheer stupidity of a vast section of the Irish electorate once they step inside that polling booth....


  • Advertisement
  • Closed Accounts Posts: 3,859 ✭✭✭bmaxi


    Raiser wrote: »
    Thursday 24th May 2007........

    Don't ever underestimate the sheer stupidity of a vast section of the Irish electorate once they step inside that polling booth....

    If Great Uncle Seamie once smelling one of Dev's farts is not reason enough, what is? :confused:


Advertisement