I heard Batt O Keeffe on the radio this morning, defending the party line on an inquiry into the banking scandal.
It was the same insulting and dishonest waffle we’ve always got from him and his kind. Nonsense.
According to Ned, the officials of the Department of Finance are working flat out to make NAMA a reality, which will free up the banks to start lending again, and the last thing these hard-pressed officials need now is another inquiry to distract them from their arduous task.
Wrong, Ned. Wrong on every level.
The NAMA money will never be lent out to customers. It will be used to pay the banks’ debts and fill their coffers with cash. NAMA will not result in a single small business receiving a loan.
To say otherwise is a plain lie from Ned O Keeffe, who thinks he’s dealing with the Irish public of the 1950s when this kind of pompous guff was swallowed without question.
The reason the Government don’t want an inquiry is because it would expose NAMA for the fraud and con-job that it really is. And because a thorough inquiry would expose the collusion and involvement of Governemt ministers at the very highest levels in creating the financial disaster that has resulted in the country being robbed to protect the wealthy.
Batt O Keeffe hasn’t two brain cells to rub together. We all know that. We all know he was made Minister for Education because the job needed an idiot. But he’s also the mouthpiece of Brian Cowen, and therefore you can take it that when Batt speaks, Brian is behind him operating his jaw through a hole in his back.
They were all involved and they all knew what was going on. Last night, on Prime Time, we learned that Charlie McCreevy, who was soon to become finance minister, received a €1.6 million mortgage from Irish Nationwide to purchase a €1.5 million property. A mortgage of nearly 110%, from a mutual building society, supposedly operated for the benefit of its members. And we discovered that there was no paperwork involved. Fingers Fingleton put it through on the nod for this political heavy hitter who would shortly be in a position to make very favourable decisions.
Now, if the finance minister was in hock to a dodgy outfit like Nationwide, then we can presume there was no proper oversight of the system. How many other ministers and senior Fianna Fáil members were in Fingleton’s pocket?
Professor Patrick Honohan, a man of impeccable credentials and newly-appointed head of the Central Bank, thinks an inquiry is needed urgently and has twice said so, but of course he was appointed by Lenihan who, in fairness to him, had no involvement in the fraud. Isn’t it interesting that the highly-regarded academic is certain we need an inquiry as a matter of urgency, while the half-wit who speaks for Cowen, Ahern, McCreevy and the rest of the rotten crew is so against it?
What are they afraid of?