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Archive for March, 2010

Dukes has Gone Native at Anglo

ONE of the finest appointments in recent years was Brian Lenihan’s decision to put Alan Dukes into the chair at Anglo; but, last week, I wondered if my old friend and hero had gone native.

Alan was out of the traps at high speed, hitting the airwaves. He put up a superb show on Thursday’s Prime Time when he dazzled us all with his knowledge of figures.

The retirement of Anglo chairman Donal O’Connor and the imminent succession of Dukes had signalled a clear break with the past.

The Chancer Who Ran Amok

SAINT Patrick is not a lucky patron saint for Sean FitzPatrick.

Two years ago, on St Patrick’s Day, hedge funds attacked Anglo Irish Bank shares on London’s stock market. The nation’s day of celebration marked the beginning of the end for Anglo.

Last Wednesday, as the St Patrick’s Day celebrations were ending, the gardai were planning a dawn raid on FitzPatrick’s luxury pile in Greystones’ plush Burnaby Estate.

Bertie ‘the artist’ Pulls Tax Coup

LAST Wednesday, two brown envelopes arrived on the same day in equally threatening covers. One was from the Circuit Court, the other from the Revenue Commissioners.

It was a toss-up which envelope to open first. I opted for the Circuit Court envelope. Good choice. It was a jury summons.

Luckily, senators are exempt from jury service. Presumably on the grounds that we are totally corruptible or pushovers to intimidate.

The Third Farce in Banking

WELCOME to the third farce in banking. Yes, that appears to be one of the Government’s glib solutions to the banking crisis.

The plan of action is to merge EBS, Irish Nationwide and Irish Life’s banking arm into a third force. Anyone else who wants to join in is welcome.