Mar 232009
 

Is there no end to this goon’s effrontery?

The latest we hear is that Irish Nationwide Building Society, the bank you’re bailing out with your tax levies and your pay cuts last year set up a pension fund, and paid €7.6 million into it for the benefit of the fund’s members.

Sorry. Let me rephrase that. I should have said Member. Singular. One. Uno. Duine amháin.

The pension fund has a single member who is none other than the great Fingers Fingleton, chief executive of Irish Nationwide.

Remember Fingers? This is the absolute arsehole who runs Irish Nationwide, and who gave himself a €1 million bonus only weeks after the government announced the bank guarantee scheme which is paid for by you.

So there you go. Not only did Fingers increase his salary as the bank went on the slide, but he also arranged to put €7.6 million of the bank’s money into a pension fund for his own sole use.

I was interested to read what Dan Boyle, the Green Party’s finance spokesman, said about old Fingers:

Michael Fingleton has come to personify all that is wrong with Irish banking. That he has remained so long in position while others have fallen on their swords is a complete mystery. He should not continue in that position of trust in what is after all, supposed to be a mutual society.

See that? A mutual society, set up for the mutual benefit of all its members, and not in existence to make a profit.

It looks like some societies are more mutual than others.

If I said the words Pig, Snout and Trough, what’s the first thing that would come into your mind?

________________

Previously on Bock:

Irish Nationwide Head

Irish Bank Guarantees
Irish Nationwide Building Society Send Out Begging Email. What a Crowd of Shits!
e-Griping

  19 Responses to “Fingers Fingleton Sole Beneficiary of €27 Million Irish Nationwide Pension Fund”

Comments (19)
  1.  

    Wow.

    That man actually has no shame.

    Any the laws of this country have no teeth.

    It’d make you sick.

  2.  

    Just a matter of time. I said it before. But how long is a worrying factor.
    The longer this carryon is allowed to continue the worse off we all will be.
    Too much is being covered up at Government level and this is a real worry.
    And he is just one!

  3.  

    If I was walking down the road and found a bag with 27 million in it I would keep it. I would do the same thing even if the Financial Regulator and Minister for Finance said I couldn`t, safe in the knowledge that they would never do anything about it.
    Face facts Bock ever since AIB purchased a taoiseach for 1.2 million all bets are off. There are no rules where the banks are concerned. You are crying over spilt milk and the country can`t even afford a tribunal to cover up the scandal.

  4.  

    If I wasn’t facing facts, I wouldn’t be writing about this shit, would I?

  5.  

    The sad thing about this is that they are all almost certainly at it. Fingers is such an arrogant piece that he does not try very hard to cover up. The Government Huff and Puff and Fingers gives them sight of the middle finger of his right hand . Up yours to the World. Why because he is worth it! He will get away with it, as shall all the rest of the golden circle. We and our Children and Grand Children shall pay for this.

  6.  

    I know someone very close to me who worked for Irish Sugar back in the 1970’s to the mid 80’s. He pumped his redundancy into his pension fund with Irish Nationwide way back then.

    He was considering withdrawing it a couple of years ago to invest in some property but decided against it. Holding on for a rainy day and all that. About three years ago it was worth a not so insignificant €280,000. Today it is worth €75,000 and he is seriously worried if he will actually get any of it.

    When he heard about Fingleton’s special pension fund it was when he was on holidays. He said he almost choked.

    Come to think of it I collected him from the airport on Saturday night and I haven’t seen him since. He’s probably on his way to Dublin right now gunning for Fingleton.

  7.  

    Bock my point is that these bastards are untouchable. The fact that the banks have bought and paid for the Financial Reg and probably most of the cabinet means they are bulletproof.

  8.  

    Bulletproof perhaps, but not above the reproach of the little man, Backhander. This one merits special opprobrium. On Saturday morning I hope to air some of it on Newstalk.

  9.  

    Bullets indeed!

  10.  

    Revolution! Revolution!

    I can’t see why we can’t smack these fuckers in the teeth when we, the little people, see them in the street.

    It’s not too far off someone breaking into your home and making off with your silverware, is it? And most of us would have no problem banjaxing any burgler with a poker.

    I don’t know what to do about it. I could do with someone wearing a Che hat pointing me in the right direction, I think.

  11.  

    on a slightly more murderous note, if i theoretically went around to his house and shot him in the head, where would his money go?

  12.  

    at least they’re doing something :

    http://www.rte.ie/news/2009/0324/irishnationwide.html

  13.  

    Biffo is making the lead story on the BBC today….

    http://news.bbc.co.uk/2/hi/uk_news/northern_ireland/7960997.stm

  14.  

    He looks a bit like you with the HAT :d

  15.  

    Looting the Treasury

  16.  

    “The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance.”

    Marcus Tullius Cicero – 55 BC

    And that includes Irish Nationwide, Anglo Irish Bank and all other Corporate Welfare recipients.

  17.  

    There’s no point leaving comments at the moment. They’ll all be lost when we move server. Did you not read the post I put up explaining this?

  18.  

    Got it

  19.  

    Still got it :)

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