Shane Ross

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Archive for June, 2010

Declan Soars as DAA Crashes

PIGS were flying high over Dublin Airport last Wednesday. Porkies were being peddled by the bucketful.

Pilots on the piggy planes were looking down from on high, fleeing from the white elephant being paraded miles below, where a public relations coup was being plotted.

The Dublin Airport Authority (DAA) was doing what it does best: pulling a quick stroke to mask the disastrous financial future facing the State’s airports.


Duking it out

Alan’s Little Bank of Horrors

WHICH finance minister said: “I was completely against it. The last thing you need is a State-owned bank, because it will end up with every lame-duck, politically attractive proposition being brought to it for finance.

“The more the State owns of it, the less it will be possible to refuse. That’s a complete horror story in my book.”

Charlie McCreevy? Albert Reynolds? Brian Lenihan?

Bankers & Department of Finance Must be Held Accountable

I spoke in the Seanad this week on the Statements on the Regling and Watson Banking Reports. If these reports tell us anything, it is that the financial collapse was a home grown problem. The crisis may have been triggered by the collapse of Lehman Brothers but it was created by the property bubble in Ireland and reckless fiscal extravagance.
Below are some excerpts from my speech in the Seanad.

Cold Comfort from Good Samaritans

TWO unlikely Good Samaritans gave shelter to Fianna Fail in their hour of need on Friday morning.

Friday was the day that the banks took a breather. Instead , the nation’s most powerful political tribe took a battering. The Irish Times opinion poll gave the State’s largest party the worst result ever. Reeling at the results, the soldiers of destiny assembled in force to meet two of their executioners.

The Bankers

“The clearest account of [Ireland’s] fall from grace comes from Shane Ross, a stockbroker-turned-business journalist, and Senator with a record of exposing corruption.”
The Economist

“Read this super book. Cry, get mad and get even.”
Irish Times

“There aren’t many better at puncturing the pompous world of Irish banking than Ross.”
Sunday Tribune

“Prose that sizzles on the page.”
Irish Examiner

My new book, ‘The Bankers’ is now in shops (retailing for aprox. €15). It tells the inside story of how we went from boom to bust and attempts to make sense of the banking crisis that will haunt Ireland for years to come.

An exclusive extract appeared in the Sunday Independent in November 2009. (more…)

Whistleblower Bill Buried

THE brightest of Ireland’s civil servants, James Hamilton, sounded a bit grumpy on RTE’s The Week in Politics three weeks ago.

The Director of Public Prosecutions was making a rare public appearance, bemoaning the nation’s relaxed attitude to protecting whistleblowers. He even suggested that lack of legal protection for whistleblowers meant fewer witnesses in court.

Fewer witnesses means fewer convictions; fewer convictions mean more white-collar criminals.