“We continue to expand our macroprudential framework to ensure we have the right tools to manage potential risks to financial stability and the addition of the Systemic Risk Buffer will be an important tool for us in building a resilient banking system with sufficient capital buffers to absorb these structural shocks.”
[translation : “We want you to forget this mess is partly our fault by pointing to Brexit and using intentionally complicated economic jargon”]Article in Journal.ie by Cormac Fitzgerald : “Hard Brexit could cause house prices to fall, Central Bank warns“
Apologies once more for the gap in posts – financial realities mean we have had to prioritise our monetised site in recent weeks as it has been a busy time for content over there.
However, even if we managed to post every day since we kicked off FPP in August 2016 we wouldn’t have been able to express our core beliefs more than this one and a half hour long video of the recent town hall hosted by Bernie Sanders. Please check it out if you haven’t already. It’s a shame it was only covered online.
I know Fianna Fáil and Fine Gael are the two largest parties in Dáil Éireann, but it will always be the position of this site that the ideological differences between them on virtually every issue are minimal, yet to listen to mainstream media you’d think their views are all you need to hear.
Podcast by Inside Politics in Irish Times on January 24, 2018
The Irish Times podcast annoys me more and more every time I listen, but since one of the purposes of this site is to point out the inadequacies of Irish mainstream media, I must continue.
In the latest instalment they spend just over half an hour covering two major issues in Irish politics without so much as even hinting at the position of a party that could be considered ‘left of centre’.
Like I said under ‘The Issue’, I know they are the two largest parties and this is probably why the national newspaper chooses to focus on their positions. However, I would suggest it’s a ‘chicken and egg’ argument as to whether the media attention is driven by the popular vote or vice versa.
This is why the Irish ‘Left’ needs to get its act together and push for a united front to force the Civil War parties to come together.
The Irish political conversation is dominated by a narrative that insists the electorate’s only two options for government leadership are the so-called ‘Civil War’ parties.
Podcast by Irish Times – Inside Politics : ‘The Year In Politics’ on Tuesday, December 26, 2017
‘…people feel they can relate to these people more because they feel they have lived the same experiences they have…’
Over in the US, Donald Trump and his Republican-led government are constantly moaning and groaning under the weight of repeated challenging reporting from publications like the New York Times. Too bad its Irish namesake doesn’t give our own recently-appointed political leader similar treatment, if this ‘end of year’ summary is anything to go by.
Essentially the all-male panel has given Leo Varadkar & co a free Party Political Podcast. Wherever these are recorded, I pity the poor cleaning staff because they’ll have their work cut out removing all of Fine Gael’s 2017 political woes that have been swept under the carpet.
Apparently we are meant to have forgotten that this is the party that had to admit defeat on the water charges. Well, when I say ‘admit’ defeat, I actually mean grudgingly concede it.
Apparently we are meant to have forgotten the fact that Varadkar rose to power under an electoral process within his party that was chronically tilted away from the grass roots members, meaning all he had to do was shmooze his way through his fellow TDs to get the nod. This weighting method is very similar to that which saw Hillary Clinton controversially secure the 2016 Democratic nomination at the expense of Bernie Sanders.
Apparently we are meant to forget the homeless crisis still prevalent in the Republic, simply because the Taoiseach says so.
And apparently we are meant to forget the disgraceful whisteblower controversy which nearly sparked a Christmas election and ultimately cost the Tánaiste her job.
Nobody expects the mainstream media to completely ignore a government’s positives, but what this IT podcast has done is to summarize the Irish year in politics thusly…’Sure isn’t it great that our top cabinet members are all so young?‘ [paraphrase]
And as one of the leading bits of ‘evidence’ of the effects of having such youthful leadership, the ‘lads’ cite the Eighth Amendment debate.
Despite the fact that Fine Gael’s own Citizens Assembly recommends repeal and legislation, and despite the fact that the Oireachtas Committee recommends repeal and legislation, the government position at the time of this podcast was that a decision is yet to be made on how to proceed. No guarantee has been forthcoming that a straight yes or no choice on repeal will be offered to the Irish public.
Yet somehow the panel twists this state of affairs into one that represents a sweeping generational change. Well, for this conservative jurisdiction that may be true to an extent, but given that Fine Gael are the country’s most conservative mainstream party [just about ahead of Fianna Fáil], do we think these ‘young pretenders’ have reached their current positions by cultural revolution or because the elder statesmen ahead of them on the ladder gave them a helping hand along the way?
And the final insult for me from this podcast came when they made the most ludicrous segue from the potential impact of FG’s boy wonder on the Irish electorate to the ‘youthquake’ experienced in Britain’s general election campaign that brought Jeremy Corbyn extremely close to Number 10. I had to switch it off after that so you’ll have to listen yourself to find out what they said after that.
Here’s to a 2018 where Ireland’s political establishment, both in Leinster House and the media, are called to account whenever they ignore at best, or put down at worst, progressive issues. JLP
Oh, how this makes my blood boil.
Here are some viewpoints on the role former Anglo-Irish Bank chairman Sean FItzpatrick played in the Irish banking crisis.
But Judge John Aylmer ruled this morning on day 126 of the trial that the investigation carried out by the Office of the Director of Corporate Enforcement fell short of the impartial, unbiased investigation that an accused is entitled to.
Mr Boyd Barrett claimed Mr FitzPatrick walked free because of a set-up and not a blunder. “This stinks to high heaven,’’ he added.
Leas Cheann Comhairle Pat “The Cope’’ Gallagher intervened to say he was referring to a trial and should “refrain lest there might be consequences’’.
Mr Boyd Barrett said: “There is a direct link between Seánie FitzPatrick’s rotten, corrupt activities and Anglo Irish Bank and the families this week being sent to Garda stations or are sleeping in parks because there are no homes.’’
…and then we have the viewpoint of the Irish Times Legal Affairs correspondent Colm Keena
“Sean Fitzpatrick did not commit a crime.” (paraphrase)
It won’t surprise you to learn that my own views would tend to lean towards those of Deputy Barrett. And while the Irish mainstream media takes such great pains to point out that he was speaking under “privilege” as if it is some kind of cowardly act, I would put forward the proposal that the opposite is the case.
Maybe it’s true that technically Fitzpatrick did not break any laws. And I would go further in pointing out that watching him “sent down” will not make me feel any better about what the Irish banking sector did to this country.
But if the way he comported himself in both managing Anglo Irish loans and his own personal ones was “legal”, then surely it must be a priority of our parliament to bring proper laws into existence. And if we can’t bring down a sentence on him in a court of law, how about one from the court of public opinion, making sure the new laws get known as (at least commonly assuming the Dáil would never approve it) The Sean Fitzpatrick Laws.
On the subject of what actually has been done to improve legislation since the crash, here is but one recommendation of the Joint Committee of Inquiry into the Banking Crisis published in 2016…
A personal remuneration clawback provision linked to medium term performance should be part of the employment contract for senior executive management and board members.
Just to break that down…basically it seems to suggest that if a bank is losing money, the “bigwigs” at the bank should not make money in terms of bonuses.
BUT ISN’T THAT BLOODY WELL OBVIOUS??????? Did it really have to take a group of elected representatives the guts of three years to come up with stuff like that???
Like I said, blood boiling. At least we have people like Deputy Barrett who are free to speculate as to what is really going on amongst the ranks of the establishment without fear of prosecution under libel laws by our nation’s real cowards.
Needless to say we’re big believers in social media activism for progressive causes here at FPP so we’d like you to help them spread the word on this petition…
‘We have more homeless people in Ireland than any time since the famine’
Fr. Peter Mc Verry
If we don’t act now, homelessness in Ireland could get much worse. A terrifying new breed of property buyers known as ‘Vulture Funds’ are swooping in to make a quick profit on the housing market in Ireland.  This could lead to evictions and home repossessions on a scale we’ve never seen before.
But, there’s a really good chance we could stop this if we act now. As we speak, Fianna Fáil are thinking about adopting a Bill that would take power away from Vulture Funds. If they get behind this Bill – it would most likely pass in the Dáil. This would mean that people in mortgage arrears could stay in their homes. 
We need to act quickly though. As we speak, Fianna Fáil are considering whether this Bill is a good move for them politically – and they’ll have panicked Vulture Funds ringing them up already. But, if we build a massive petition that goes viral – they’ll realise this is an issue voters care really deeply about – and they’ll be forced to listen to us instead.
We’re going to need a signature from every single Uplift member if we’re going to get noticed. So, how about it Jeff, can you add your name?
The Bill being considered by Fianna Fáil right now could seriously help curb the rise of Vulture Funds. It would set up a Government Agency that would look after people in mortgage arrears. Putting it simply – it would mean that people couldn’t be made homeless, just because they can’t pay their mortgage. 
This could be a huge moment in our history. One where ordinary Irish people like you and me stand up and say no to the power of profit over people. We could show the world that we won’t stand by while people are pulled from their homes so vultures can get rich.
But first, we need to make sure our politicians are on our side – not the side of big global corporations.
So can you join the fight and sign the petition today?