If Sean Fitzpatrick did not commit a crime then we need new laws. Now.

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.

According to the judicial system…

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.

According to Solidarity TD Richard Boyd Barrett…

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.

#IANWAE

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Help convince FF to stop vulture funds in Ireland by signing this petition from Uplift.ie

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…


from Uplift.ie

‘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. [1] 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. [2]

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?

Yes, I’ll add my name 

Vulture Funds own almost 90,000 properties and almost €10.3 billion worth of assets in Ireland. And what’s worse is that they’ve paid less than €20,000 euro worth of tax. [3]

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.  [4]

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?


#IANWAE