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THE PROPOSED BANKING inquiry could be in place within four to five months TheJournal.ie has learned.
Party chief whips were briefed this evening by senior Government officials including Government chief whip Paul Kehoe on changes to Oireachtas procedures to allow for the establishment of a new committee to undertake inquiries.
The make up of the new committee both in terms of size and who will sit on it has yet to be decided.
The Committee on Procedures and Privileges (CPP) would oversee the operation of any inquiry the committee undertakes.
The CPP is to meet tomorrow where the issue is expected to be discussed before it is required to make a final decision by 4 February.
The Public Accounts Committee and the Finance Committee had both expressed an interest in hosting the banking inquiry.
Members of the committees could still be on the investigative committee but Labour Party Chief Whip Emmet Stagg has said that all members would have to be screened so as not to be considered biased.
“It is a difficult process because a lot of people have had a lot to say,” he explained. “If somebody for example had said that all bankers are this, that and the other than that might be considered biased.”
Stagg said that is was important that no committee members be considered biased to ensure that no challenge could be taken against the findings of an inquiry.
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No government official, no one in any way associated with any party or government organisation, and no one in banking should sit on this. It should be impartial foreigners to ensure it’s done right.
Except it’s a parliamentary inquiry so it has to be TDs or senators. If it wasn’t a parliamentary inquiry then it would have to be a tribunal presided over by a judge, and we all know how long they take and how expensive they end up being.
Surely it should be a criminal investigation instead
Up and running just in time for the summer recess.
Up and running in 4 or 5 months?
That’s just 4 or 5 years too late.
Not a bad reaction time for the Irish government.
Clerical abuse inquiry was 40 or 50 years+ too late.
Just in time for local and european elections
They said that in July 2013!
They did Shane but the elections are on the horizon now
There’s more chance of Michael Schumacher up and running in four to five months.
Probably turn out like those PAC “grillings”. The culprits answer in grunts and “I’m not sure” answers. Everyone then goes home saying at least we tried. End result: Zero convictions.
A paper chase that has been shredded
No rush, guys. You’ve only been in government for three years.
Like everything these clowns do, a day late and a dollar short.
Another mahon tribunal just what the poor barristers need .
P o. Loved that one. :-)
Except that it’s a parliamentary inquiry and NOT a tribunal.
True . I really didn’t want to go too deep into it . I meant it as a lighthearted quip. The end result will matter as much as the mahon tribunal ie nothing . The high court will be kept busy that is a fact . Thanks for taking the fun out of commenting .
patricia my muse! what does it matter in the great scheme of things? is it a human concept! no such thing in the bigger spectrum… we are the result of the big bang, basically dust! to dust! ashes! to ashes!. Patricia, p.s. dont fear fear! its just words. mean nothing! hatches matches despatches?? not sure the driven licence loced lost!? Be funny to go somewhere safe muse!
This will, no doubt, be another kangaroo court which will provide another set-piece opportunity for politicians to get up on their soapboxes in order to make headline-grabbing, hyperbolic statements and allegations. That being said, it can’t go without remarking how comical it is that six years after the Americans completed their banking inquiry, our legislature is only getting around to starting theirs. Shouldn’t we be embarrassed by this inefficiency and slothfulness?
This enquiry should not start until AFTER the current crop of cases are finished. We should not give any of the accused any possibility of an out from it.
I suggest an enquiry into the governments inaction regarding the recommendations and findings if the recent raft of Tribunals. Specifically focused on why there had been no action on Messrs Aherne and O Brien.
This enquiry has no teeth. No right to hold anyone to account. The Garda and Revenue are the ones who should have been doing this from the outset. FG and FF have too many skeletons in the cupboard or in FF case one live one.
We haven’t seen anyone in court yet facing charges over what happened that led to the banking crisis. One reason for this is that we didn’t have in place the laws that made the actions of those responsible illegal. Five years later we still don’t have such laws. That’s the real scandal.
Theyve had nearly 6 fing yrs
A bag of wind ,wait and see as previously stated nice timing on the run up to elections ,this government is to strong they are able to run amuck and there is no real acceptable opposition ,frightening times and the people don’t seem to be reacting to unacceptable taxes under all different headings ,FF shit on us and FG are rubbing it in
Arrested and in front of the courts is where they should be, with a jury of the Irish people they destroyed, not their fellow cronies asking them “did you gamble with the people of Ireland’s money?”
“NO”
Ok then run along….
*wink wink*
It will be up and running to make FF look guilty b4 next elections
It’s either really late for the last banking crisis or really earlier for the next one! You’ve just to ask is the glass half empty or half full :-)
In Ireland the Rule Of Law and proper ethical standards only apply to to those in receipt annual incomes of less than €120,000 per annum.
There will be no revelation of the truth, no accountability, no personal culpability, just a few bland generalisations. Systemic fault and collective irresponsibility will be the themes.
None of these bankers will answer anything in case they tell the truth and might get charged, don’t forget the clock is ticking and if they can carry this charade on for a total of 7 years then no charges can be brought, and don’t forget we are at the 6 / 7 year mark already
Will the bankers have to apply themselves or will they be nominated by an independent body .If such a body exists ,Who selected them?Will it be a whose who of the disgraced banking sector, and Will they be paying and how much will they be paying to a group of consultants to select the said selectors and final committee? Basically ,How much will this sham cost?
It’s an Oireachtas inquiry. So that means only TDs and Senators will be on the committee.
So then it is not a sham as I first thought.Will this committee be sitting in the Gaiety or Olympia,and can you book tickets through ticketmaster.
Up and running: cost millions and get not result but to make lawyers rich.
Sure what hurry is on them!
Who is the FF rep on this Committee. In the interests of impartiality, if that is possible, it should not be a TD who was in the Ahern Govt.
A “clean skin” to use a FF term for someone without a track record.
Otherwise they are in effect investigating themselves and their past boss.
5/1 barry cowen id say
in the interest it should not be anybody from the country of ireland
Leslie ,I wouldn’t be too mad about Barry Cowan either being a brother of biffo i wouldn’t trust , blood thicker than water and all that ….
Cillian_d, i think you’re on the right track ,it cant or shouldn’t be anyone tainted from the ahern era …………. eerum that leaves, f….all i can think of… perhaps ur man Seanie who post here :)
Put in John McGuiness and Shane Ross they will sort it fast both men of integrity
Bill , You must be joking, integrity & mcguinness = oxymoran …
He has either, found God in the last couple of years, A Born again Moralist , got a bang on the head or the guilt got to him
People have short memories , He was a staunch Bertie man, & firmly sat in Ahrens corner to the end during the indefensible, and a right spendthrift with public money , remember the 250K facelift to his office and lots more … He’s pandering to the masses ….. very dubious !
An inquiry up and running 5 years after the collapse. Wonder how long it will take for its findings
Government just trying to decide which crony consultants to use before they appoint a few ex politicians/judges/special advisors or CEO’s in need of a top up and sure if they wait long enough another more important issue like the jailing of a criminal for protesting on a runway will get the publics back up so much that they’ll forget about a bank inquiry.
Oh goody goody. Doews that mean they will bring back the ‘Moolaqh’. I am only asking because I didn’t get any Moolah last time they were giving it out. I wasn’t well in during the Celtic Tiger era. But I have to admit I can still use my claws.
There are a couple of spelling mistakes in the above post. I want to make sure the Professional grammer police at Mary Immaculate college in Limerick are doing their job. I have to think of everyone. Its part of my policy.
luks gud tu me…
:D
the word COULD is sticking out a mile ,
its means it WON’T
Wow six years on and not one banker or developer arrested or held accountable. Typical Ireland hold out long enough and the people will lose interest.
Why is it that in other countries like America they have arrested and jailed bankers. While in Ireland bankers and developers are free to leave the country with their massive depths behind for everyone else to foot the bill.
If it was the US, they would have served time. In Ireland (ref CRC Kiely it seems to pay to be corrupt). Why do the enquires take so long?
Some expensive heavy is going to have a field day.
And lasting 10 years with no outcome.
Or an outcome like Smithwick. No evidence but “they did it” and no further action to be taken.
let me think about this? You dont pay your tv license and you end up in court! emmm . You fxck up the country and you get this exclusive treament!!! wtf
My real concern is the potential for contaminating the impending trials against named bankers. I don’t believe there are enough members of the current House with sufficient experience to create a Committee that can avoid the mistakes defending lawyers will feast on in those trials.
There is no prospect of any convictions. The trails are a sop. No one involved in these trials takes the exercise as a serious and responsible exercise. It’s a gesture.
Likely there are pending efforts to defer the trials due to prejudice.
I doubt any serious enquiries into the banking curruption. It seems to me to be just another money spinning quango. I have lost faith in the system. Gardaí are out stopping and searching people on the street while banksters and politicians go about free to mess the country up unharrassed.
Agree there Tristan, social media is a great thing but we all need to wake up and smell the coffee and start marching in our hundred of thousands to send a stronger message.
Oh I can’t wait. Heads will roll. We will finally see justice done. Not…
Yeah…………
Emmet stagg??? (rent boy in the phoenix park) yet another cover up by the top brass. I wouldn’t trust anything these knobs say or do.
Can charges be brought after the inquiry or is this just another astronomically expensive fact finding exhibition?
A banking inquiry in 4 to 5 months! Well done the lads in Leinster House! Next week they’ll unveil plans to combat the Y2K problem!
Now if you’ll excuse me I’ve to go tell my boss that I will urgently get on top of my work, and expect to see some possible action in 5 years time.
“Could be”? Grand…
Havn’t heard anything from stag since the Phoneix park scandal
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