Tomorrow at 9.30am EST, early afternoon here, in the Connecticut Superior Court, NAMA is set to challenge Sean Dunne about a series of transactions and their relevance to the €185m judgment the Agency obtained against the former “Baron of Ballsbridge” or “The Dunner” earlier this year. You can read the NAMA submissions here but it should be said that NAMA has been trying to force Sean’s wife – former journalist and presently, businesswoman and property developer, Gayle Dunne (nee Killilea) – to hand over documents. Gayle is not a NAMA borrower and has recently claimed not to have received any correspondence directly from NAMA. There has also been some recent press exposure favourable to the Dunnes with claims of NAMA leaking of confidential financial information – NAMA hasn’t commented, and of course NAMA wasn’t the only body in possession of Sean Dunne’s financial information.
At issue in the case is a series of three US property transactions plus one more in Switzerland where NAMA seems to be claiming shenanigans. In respect of two of the US transactions, I am still scratching my head at how successful the Dunnes were in developing two residential properties in an alien environment.
There is a background blogpost on the hearing here. The Irish Daily Mail has been the leading Irish press outlet to publicise the case. RTE might drag Richard Downes away from the US presidential campaign for the hearing, but I doubt it. Surely INM can afford a presence – after all there is money, property, some cha-cha-cha with the glamorous Gayle. Who knows, maybe someone from the NWL audience might be attending. There will be updates here.
(Graphic above produced by Japlandic.com, contact here)
UPDATE: 23rd October, 2012 (1). It seems the case is ongoing right now and that NAMA is trying to get a postponement until January 2013, and the Dunnes are objecting, which would make sense given the gravity of the charges and the apparent urgency exhibited in the July 2012 hearing. Also, we now have the transcript of the July 2012 hearing and it is pretty apparent why the judge refused NAMA’s application for an immediate freezing order – “there has to be something besides “upon information and belief”" said Judge Mintz before rejecting NAMA’s application for an immediate freezing order. Seems like NAMA is on the back foot with this one.
UPDATE: 23rd October, 2012 (2). Thanks to John Gallaher, here is the listing of the actions to date in this matter.
UPDATE: 23rd October 2012 (3). The comprehensive list of interactions from the start of October 2012 between NAMA and the Dunnes with the court, and the results leading up to today is here – there has been a lot going on with this case, pending its full hearing!
UPDATE: 24th October 2012. In the end it is the Irish Times and Niamh Sweeney to which we turn today for the overall outcome from yesterday’s hearing. NAMA has been granted extra time – which has not been specified – to prepare its case but NAMA did seem to score a hit with the concession yesterday by Gayle Dunne that documents relating to a sale of a property through Sotheby’s would be made available to NAMA – previously she had resisted the handing over of these documents. NAMA was represented by Philip D Russell and Sean Dunne was represented by Peter Nolin. The Dunnes are claiming NAMA’s actions amount to no more than a “fishing expedition” and that Gayle “has her own money” which was used to fund several US property dealings and developments. The case continues.
NAMA did have some success recently with the 3billion dollar man Joe O’Reilly.He was featured during the week in a excellent TG4 documentary.It appears his blushing bride has transferred back the stately pile in leafy Foxrock,allowing the state to put a charge against it.It makes the 200,000 salary plus profit participation that more palatable!
No news on the apartment block that was also transferred to the ohh so lucky Deirdre…what a guy huh,here honey catch the keys I decided to “give” you an apartment block,creditors ah go way out that sure NAMA’s here we be grand..
Unlikely Dunner going play ball like this,but he’s not on 200,000 grand a year from NAMA or splitting his time btw a mansion in exclusive Foxrock and the sunny Algarve courtesy of the Irish taxpayer.
“National Asset Management Agency (NAMA) bosses have reportedly lodged a charge against the family home of Longford developer Joe O’Reilly.
Claims over the weekend, one of which featured in a leading Sunday tabloid, indicated senior agency figures registered the charge on the same day his wife, Deirdre transferred the house and surrounding grounds back into Mr O’Reilly’s sole name.
The three storey mansion, located in Dublin’s exclusive Foxrock area, houses a gym, 20m indoor swimming pool, cinema/games room and even a hot tub.
This latest twist comes more than two years after the Dromard building magnate initially transferred the property’s ownership together with an apartment block into his wife’s name.”
http://www.longfordleader.ie/news/business/nama-moves-in-on-dromard-developer-joe-o-reilly-s-home-1-4301489
Dunne (more specifically his wife) got a full page defense in the Sindo today. Along with Crosbie’s OBE, I take this to mean that the major developers are out of the woods and will be returning to business as usual in the coming months.
Pity.
What a pathetic set of pleadings! As Clint Eastwood might say “Is that all you’ve got?”
By the way, it’s a small world in Dublin power circles. I see NAMA used George Redmond’s son, John, to witness to the documents.
http://en.wikipedia.org/wiki/George_Redmond
I wonder if the Dunner spotted the irony of it.
@OMF, I don’t see how you make the connection that the developers are out of the woods. There is a process ongoing here. First: Obtain the information. Second: Give the developers a lollypop in the form of a salary while they wind down their assets, sell them and oversee their own demise. Third: Obtain judgments against recalcitrant developers. Fourth: Obtain judgments for shortfalls against co-operating developers if they have any assets left. Lastly: Serve bankruptcy proceedings against anyone left standing.
Reblogged this on gfmurphy101 and commented:
Seems the “Dunner” is up to his balls in it ! seems the “Baron of Ballsbridge” days are well behind him now ( great pic tho)
Sorry to disappoint but today is not a hearing. It is a Pre Trial Conference which is effectively a mediation. No evidence is put before a judge. I do not get the impression the Nama lawyers have any interest in reaching a concensus. Nama do not have a case and have already been told same by the Stamford Court in July. I genuinely believe if Irish lawyers were dealing with this they would have conceded same by now. Unfortunately Nama has hired very expensive US attorneys who have a vested interest in dragging this nonsense on as long as possible in order to rack up fees. The longer it goes on, the more damages that will be due to me. It’s a farce and it needs to be taken in control by Nama in Dublin, before anymore “tax payers” money is wasted.
Individually Scheduled Court Dates as of 10/19/2012
FST-CV12-5013922-S – NATIONAL ASSET LOAN MANAGEMENT v. DUNNE,SEAN Et Al
# Date
Time
Event Description
Status
1 10/22/2012 9:30AM Short Calendar Write-In Proceeding
2 10/22/2012 9:30AM Hearing Proceeding
and there off……update later…..but its ongoing…..
Nama refused to mediate. They want to delay the hearing date until January. The reason for this is they have no case, are hoping to invent a case between now and then, and in the meantime my reputation is getting detroyed. They are now waiting for Judge Mintz to hear this issue, the same judge who ROASTED Nama back in July when he refused their Ex Parte Pre Judgement remedy.
Nama have been avoiding answering a very simple question put to them last week, did Enda Farrell leak information relating to Sean Dunne’s assets. They found it impossible to reply by last week as requested, in advance of todays court date in Connecticut. They have now promised they will reply by close of business today. Tick Tock.
Refreshing isn’t it to see the humility displayed through the use of language by Ms Killilae above……….
Yep, That’s me. Humble as pie. Got any comments of value to add, regarding the validity of the case perhaps? Sorry I forgot, attacking me personally is sooooo much easier.
Oh…sorry you took it up that way…..:)
Why does Ms Killilea not explain where she found all the money to buy all those expensive properties and then Nama and the Irish “taxpayer” would not have waste money in litigation?
@NWL just spoke with the court its 2 here, they say its ongoing,did not bother heading up today as i assumed it would get postponed.NWL not much additional doc.’s but send them over,if you require anything specific,let me know.
@Gayle Killilea just emailing NWL the balance of doc.’s to update the blogpost,good luck.Beautiful fall day here,read in Sindo yesterday that NAMA was answering the Enda questions this morning ?
@dorothy, no problem I’m a lover not a fighter!
hmmm….that’s seems a first
The more damages due to me…have you no shame Ms Killelea
“…have you no shame Ms Killelea”.
Shame you must be joking. From these people. Greed, yes and plenty of it.
@Leo, I recommend you read the transcript of the court hearing in July 2012 which is attached above. Just because someone sues you doesn’t make you guilty, and you will see from the transcript that the judge was not enamoured with the case advanced by NAMA and he rejected their application for an immediate freezing order.
@Leo Forde,what she got to be ashamed off ?
So far the courts have ruled in her favour in the US,NAMA brought FOUR yeah 4 senior partners from one biggest most expensive law firms in New England.
Awful waste of Irish taxpayers money,FOUR PARTNERS !
As a tax payer. I applaud NAMA for this. Its not a waste to me.
this mornings WSJ ..the Irish taxpayer is getting hosed here,4 yeah FOUR very very expensive lawyers at the July hearing.
Even worse NONE of them admitted to the bar in Ct. 3 partners from Boston,ca ching ca ching and one from NJ…..NAMA is out of control,its total overkill.
US firms charge about 800 an hour for this type of representation,4 partners is ludicrous,Dunner was represented by a local lawyer,ONE lawyer.
“Law Firms Face Fresh Backlash Over Fees”
http://online.wsj.com/article/SB10001424052970203400604578070611725856952.html?KEYWORDS=lawyers
If she stayed and faced the music like many of us then there would be no need for four US lawyers
and the band played on……….what future is there for her or Sean in that banana republic.
Only last week you find out NAMA is fronting O’Reilly the planning fees to possibly demolish a national monument, paying him 200,000 grand a year and hes splitting his time between gigantic mansions in Foxrock and Portugal.
Dunner is not crying in his cornflakes,got off his arse,created jobs paid taxes and wants a fresh start.Possibly made more profit on a few tear downs than NAMA did with hundreds of employees, boatloads of consultants and a unlimited unchecked budget.
if NAMA has a case prove it,they got throw out off court in July.
They also need to answer some extremely serious questions about that clown Farrell and who he send private and confidential client info too.
“what future is there for her or Sean in that banana republic.”
Unbelievable. You people just don’t get it. And that’s the problem.
Welcome Gayle! “Gird your loins” and good luck with your case. NAMA’s attack is the most pitiful attempt at media-based spin driven drivel that I have ever witnessed. It and their expensive lawyers will end up with egg on their faces. Talk about being savaged by a sheep!
Also, can we leave out the “ad hominem” attacks. It reflects more on those who make them than on the person they are directed against.
As for “Where did you get the money?” Anyone who is in the property business knows that you get it from banks. The development business is capital intensive and financial institutions readily provide what is know as the “capital stack” to all sorts of development projects.
By the way, these institutions (and banks) are entities that exist in countries other than Ireland, which is behaving more like a sidewalk beggar every day – kissing our european partners, especially the German ones on all four cheeks. Get some pride.
@Gayle Killilea, Of course your details were leaked. Ours were – so you will be no exception. Give me a day and I’ll tell you what was leaked in relation to you.
@wstt, would love to know what’s been leaked.
Re Connecticut case, it appears McArthur English, Nama’s attorney’s got a call from Dublin to “EVACUATE”. After hanging around all day waiting for Judge Mintz to rule on if it was acceptable for Nama to leave us all hanging until January to give them time to fabricate their case, at the last minute Nama “withdrew” their request for a hearing date!!!!!!!!! My attorneys wanted a hearing date next week. In July Nama sought and “emergency” ex parte injunction. So urgent is the injunctive relief they seek that here we are 15 weeks later, and their urgent case can wait until January, and now indefinitely. Nama’s plan is to leave me in limbo while irreparable damage to my reputation and the business I have worked to build here. In the meantime I am the one in need of immediate relief, they are thrashing my name and ruining my business. I do not want to sue for damages but an arm of the Irish State has taken a vexatious and baseless law suit against me with no regard for the disastrous consequences it is having on my life. Let’s see what McArthur English come up with in this seriously misconceived action next. They should change their name to McCarthy English, given this is now the Irish version of McCarthyism.
Meetings all day tomorrow – but I’ll find out and come back to you.
@GK, NAMA is in disarray. A second Senior Portfolio Manager (a team leader) has recently been suspended and is under investigation because he signed a Form A for Mr Farrell to allow him to buy the house in Lucan. He also leaked confidential information in the Paddy McKillen affair. There’s going to be a lot of discontented ex-NAMA employees in the job’s marketplace.
NAMA is in a bad place and should not be throwing brickbats….. People in glasshouses etc.
Oh…. and they are lining up a third one for the firing squad. But that’s pre-breaking news.
@Gayle, “urgency” is in the eye of the beholder, and according to the Independent in Dublin’s High Court yesterday
“Lawyers for NAMA said the matter was urgent, the court had already ruled there was no merit in this appeal when it refused a stay on the possession order. The agency wanted the matter determined as soon as possible, they said.”
http://www.independent.ie/national-news/mcfeely-says-family-on-side-of-road-after-nama-repossession-3270077.html
This “urgent” aspect wasn’t reported by 98FM yesterday which seemed to be the lead reporting organisation for the story.
http://www.98fm.com/2012/category-news-sport/mcfeeley-appeals-repossession/
I wonder who Farrell was really working for
@Leo Forde. Himself. A true entrepreneur.
Definitely not
@Gayle Killilea,
Illegitimi non carborundum.
The Vietnamese equivalent of Solzhenitsyn, the poet Nguyen Chi Thien wrote:
“They sank me into the ocean
Wishing me to remain in the depths.
I became a deep sea diver
And came up covered in scintillating pearls.”
All you are facing is a bunch of incompetent w*nkers, none of whom ever took a risk in their pitiful lives – Go get them!
From @wsstt: ‘Also, can we leave out the “ad hominem” attacks. It reflects more on those who make them than on the person they are directed against.’
….. ditto to obsequious references. It reflects more on those who make them than on the person they refer to……..
http://en.wikipedia.org/wiki/Illegitimi_non_carborundum
There’s nothing obsequious in the expression. It’s the antithesis of the term.
Why would NAMA want to reach a consensus with someone who they believe has fraudulently transferred assets.Either the transfer was fraudulent and should be set aside and monies paid towards NAMA debt or it was not and Mrs Dunne-Killilea keeps the money. Having read the transcript of the July hearing the judge did not say that NAMA had no case but rather that they needed to substantiate the claims they were making. The hearing in July was not an evidentiary hearing and the information included in the affidavit was not sufficient to grant ex parte relief. I guess we’ll see in January if NAMA can back up their claims. Either way it looks like there will be plenty of mud thrown on both sides.
Other than supposition, NAMA’s case is based almost solely on reports from a tabloid newspaper. If they have evidence, they should have produced it in their submissions to the court prior to the hearing. Failure to do so has meant that they look like schoolyard bullies in the court with nothing to back up their belligerence except gossip. Ironic that that is what is used against Ms Killilea.
There is no evidence. There can’t be any evidence. There were no books, no records, no emails, no letters, no minutes, no diaries, no nothing.
Dunne and the rest of the developers conducted their business orally, over fine dinners in private backrooms. Billions were gambled and lost and the only solid paperwork that was ever kept was the public guarantee to underwrite every loss that was ever made.
If I was in charge of companies and accounts in Ireland, I would make it so that no transaction or decision was legal until it was posted in ten inch high letters on the walls of the local council offices for six months. That may seem extreme, but look at what you’re up against.
It shows the lack of commercial “nous” of NAMA and its advisors that it really doesn’t matter a damn whether the Dunner gave the deposit to Gayle or not. It could have been done by way of a loan – the conditions of which would be dependent on an agreement between the parties. Either way, it’s a pathetic attempt by NAMA to rattle the cage.
@ WSTT,
“It shows the lack of commercial “nous” of NAMA ”
The mentality has not changed with these civil servants. When you can burn through tax payers funds with impunity, why should one change?
Due to the political appointment of judges in Ireland I doubt Gayle / Sean would have gotten a good a chance of defense as they have in the USA.
I have said it before, but there is an appalling “Callous indifference” among senior civil servants with regard to tax payers funds.
@ Gayle,
Leaving aside the stress / seriousness of the situation you are in, when dealing with the Irish civil servant mentality it helps to look upon it as “playing the game”.
The ball has to travel back & forth many times before they realize the hopelessness of their situation, and even when they know it to be hopeless they will still be trying to hit the ball into your court. But eventually the message will get across.
Look at the Ian Baily case in W.Cork!!
If you know you are right, you will eventually win
It does appear that NAMA have piled in here with little more than hunchs or inferences. If they can’t even point to actual transfers, instead of, as it appears, expecting the court to assume that something dodgy happened and to insist that Ms Killillea demonstrate otherwise, then they have gone off badly half-cocked. “Half” might be giving them too much credit.
The developers shouldn’t have been rescued. Capitalism should have been allowed take it’s natural course. If the bank was insolvent let it die. If the property developer was insolvent let it die.
Instead one set of chancers are pointing the finger at the other set of chancers – with the taxpayer having to carry the cost of both.
An Irish solution to an Irish problem.
I agree with every word of that. The losses should never have been socialised and spread to the general population of Ireland. If you live by the sword, die by it. Don’t ask or expect someone else to suffer and die for you. That is not the capitalist way. Just the way of amateur Irish politicians, who think the survival of banks is more worthy than the survival of citizens.
Lawlor at Broadway makes Dunner look like a amateur.They back doing deals after puking up a load of buildings and scorching investors,including your own NPRF.
Want to know how to turn 90 million into just over 10 million,ask John Corrigan at the NTMA.What was the NPRF doing investing with NY based hot shots,Broadway were top off the market,fire,aim later types.
“58 Broadway Partners Value Added Fund 13,596,034″ pg. 101 Annual Report,2011.
Wonder why no ‘mark’ on the other 30 million ‘invested’ in Broadway Partners,ahh its gone..or paid back like………yeah.
linked a list of the NPRF US RE Investments 2007,Broadway had highest concentration at just under 100 million begs the question why ?
http://www.docstoc.com/docs/76437240/Morgan-Stanley-Real-Estate-Fund-V
“In the past three years, deal maker Scott Lawlor lost Boston’s tallest skyscraper to foreclosure, wrote down his $600 million private-equity fund to zero and became a high-profile example of the commercial-property industry’s excesses.
So, as he dusts himself off and sets out to start buying again in a much different world, it isn’t surprising that he is using a different investment model.”
http://online.wsj.com/article/SB10001424052748704281504576329443401623846.html
No updates available at the court,possibly later today.
Worth checking out the always verbose and fascinating Conrad Black waxing lyrically to Jeremy Paxman,on the US Judicial System,last night.The Dunne’s may want watch it,or maybe not…..
BBC Player has it,Black really does have a wonderful vocabulary and turn of phrase,interesting statistics,great interview,pertaining to getting railroaded.
John Gallager,
Here is the link to the Conrad Black interview
http://www.bbc.co.uk/news/world-us-canada-20036674
Hard to describe Black’s level of detachment from reality.
He could pass for an Irish politician!
@Gerhard probably close to mine at this hour of the night,tks.Hope things are good.
See Irish Times today:
Dunnes’ debt to anonymous source
In her ongoing battles with National Asset Management Agency, Gayle Killilea-Dunne, the wife of property developer Sean Dunne, must be glad of the support she is receiving from an anonymous source.
Someone suspiciously well-informed regarding legal proceedings taking place in Connecticut this week took to the unlikely forum of namawinelake ( namawinelake.wordpress.com) to bemoan the destruction of her reputation, and the squandering of taxpayers’ money by Nama as it pursues her husband for €185 million through the US courts.
For the past two years the couple has resided in Greenwich, Connecticut, where they have been buying, renovating, and selling on multimillion-dollar properties.
Lawyers representing both Nama and the Dunnes (nine, in total) piled into a tiny meeting room this week for a “status conference”, during which they argued over when the evidentiary hearings on alleged illegal transfer of assets between the developer and his wife should begin.
Nama had sought to push it to January. According to the namawinelake posting, this is because the state agency has no case and is “hoping to invent a case between now and then”. Judge Douglas Mintz rejected a request by the Dunnes’ lawyers to hold the hearings next week, instead opting to give Nama additional time to access what it needs.
It will be interesting to see how keen the couple’s lawyers are to expedite matters when Nama files a motion for the discovery of additional documents in the coming weeks. They spent the past three months filing objections to deny Nama access to documents it finally secured this week.
Huh? What’s so anonymous about “this is Gayle Killilea?”
Also, Nama were not given “additional time to access what it needs”. Judge Mintz did not reject a request by my lawyer to hear the case next week. before Judge Mintz could rule anything, Nama withdrew their request for a hearing date and “marked off” their application for a pre-judgment remedy. In other words conceded they cannot proceed because they do not have a case. Last July they told Judge Mintz they would be ready to proceed in October.
Nama has already sought discovery, which I objected to because they do not have a case and are not allowed to go on a fishing expedition. Now that they have withdrawn their case it is hard to know what happens about discovery now. Interesting that the Irish Times seems to know Nama will be filing a motion for the discovery of additional documents when I do not know this and neither do my lawyers. To date, the court has made no ruling in relation to Nama getting discovery from me.
Furthermore, Nama have had access to plenty of documents and discovery from third parties that I did not object to. The issue of confidentiality agreements within Sotheby’s information had to be sorted before they were allowed that. And when it was sorted, I conceded it. It was not a “victory” of Nama’s. If they want to waste money going through useless documents that do not advance their case that is their choice.
So much for the Paper of Record. It’s pretty clear Nama have the ear of the Irish Times.
If only the country had more people like the this fighting as ‘lovers not fighters’.
Then the place would have a lot more to offer than broken banks and a discount supermarket at the old Jury’s coffee dock.
…..oh….wait a minute
Ah Dorothy, so much cynicism. I do believe that Ireland instills it into anyone who is a thinking being. When Descartes proposed “Cogito ergo sum” he demonstrated that he had obviously never visited Ireland. Tomorrow, I’m flying to meet Sydney in the Big Lemon, as Peter, Paul and Mary might say… “Leaving on a jet plane”. The only thing is I don’t hate to go.
I can’t say that I leave by choice, but I wish that I had left earlier. I have wasted five years relying on a strategy of hope. Hope that the government would get its act together; hope that they knew enough to tackle the banking problem; hope that they had enough knowledge to know that austerity does not encourage growth. Even, hope that they might elevate the knowledgeable and tenacious Peter Mathews to a position whereby he could make the argument for a restructuring of the Irish debt burden in Europe. But as everyone knows – hope is not a strategy and enough time has been wasted.
I go because there is a lack of entrepreneurial opportunities in Ireland and that is unlikely to change in the next decade.
I go because we no longer have our sovereignty and live under an oppressive political and financial regime; a regime that has not been elected by the Irish people and that imposes policies that are not in the best interests of the Irish people. We are a servile and subservient race to foreign masters.
I go because of the nationalisation of the domestic economy and the rise of the nanny state.
I go because there are better opportunities abroad, in countries where banks still function commercially and where vengeance and begrudgery are neither in the culture, nor the lexicon.
And I really do go because this country is doing my head in. From the dour, glum faces of our politicians; from the media – from the time I turn the radio on at 7 am with Morning Ireland, through “Whinge to me Joe” at lunchtime, all the way to bedtime with Vincent Browne on TV3 – it’s a smorgasbord of national depression.
So I bid all my friends on NAMAwinelake “Adieu”. The next time I write here, I and my head will be in a better place.
Ah @wstt, I am not cynical. However,I see the trail of destruction left by people’s out-of-control-egos and it’s not a pretty sight.
NAMA may be akin to a bunch over overpaid nincompoops in this instance, with their Keystone Cop approach but it’s a difficult task to visualise Ms K as a green jersey wearing lady.
Nope, I get up each day and work as hard as I can on all of my jobs to get by. Best of luck with the travels;I have to a lot of that these days also.
You wont find too many links to the IT from commentators here,Cantallion occasionally but that’s about it.The ‘austerity’ plan trumpeted slavishly by the IT,appears to have impacted their content and editorial capacities.
OK first of all Walford…sold or no..NWL has another post about it,Shatter is on record….naturally i expect you not to answer that !
NAMA was before a PAC this week,only one or maybe two other clients have inquired,about Farrell disseminating,personal private and strictly confidential financial records,surprised or are they all cowering in corners licking their wounds ?
Did NAMA answer the questions regarding that rouge employee,he was at the NTMA before NAMA,bet he keeps his pension too.
What does NAMA,expect to realistically to find in Sotheby’s records,most of it is already on the public record,kinda sad really,them flawing around like this with unlimited financial resources..Pity the poor beleaguered Irish taxpayer paying for all this…
Sandy on its way,hunker down……bit like NAMA,it will huff and puff,but i don’t think its going to blow down any houses,stateside with the current legal case.
There are at least three NAMA parole officers known to be under suspension at present. One of them very senior. NAMA is of course doing its 3 monkeys impersonation (see no evil, hear no evil, speak no evil). But it is likely that the most senior officer will be outed this weekend.
Most debtors are afraid to rock the boat at this time and are not asking awkward questions. The Agency is known to react with extreme prejudice against those who are not deferential and docile. However, the inmates await their opportunity in the long grass.
No matter what Frank and Brendan may protest at the PAC, it is not a happy time in Treasury Building and a latecomer is looking for the exit.
BTW, Gayle, your beloved is far too smart for them – unlike a few others who have crossed swords with the failed NAMA lawyers (it’s the only place they could get a job). Although, he does need to read Jilly Cooper, buy a pair of jodpurs and hold some afternoon tea parties for the neighbours in order to fit in a bit better with the “wanna-be Brits” with their Range Rovers in the twee town of Greenwich. :-)
@wstt, best of luck on your travels. Too small a place, so much hate. Put your optimism and intellect to better use in an environment where your success is not a treason and your failure is not celebrated.
….words falls upon the facts like soft snow, blurring the outline and covering up all the details: George Orwell, Politics and the English Language
Thanks NAMA wine lake for keeping the facts for all to see on this blog.
Thank you Gayle. I even relish flying into the hurricane – whatever it takes to seize and experience a new dawn and to feel alive. Ireland is the graveyard shift.
Congratulations, and as they say here ‘enjoy’.
@WSTT all best WSTT,safe travels a little hectic here with Sandy.
Hope you get to wax a board a catch a wave soon..good luck.
Some fun exchanges on here,you will be missed another influx of Irish to NY with degrees recently.
Hi John, I may have been a little too poetic and drank too much wine at the parting wake today. I thought the US hurricane was called “Sidney”. I bought the one way ticket to New York and if the plane takes off, I could very well have the board on the beach in Montauk tomorrow evening! I’ll contact you when I settle in. My very best. I too enjoyed the exchange of ideas and information here thanks to NWL.
@WSTT, good luck Stateside and if you’re ever feel state-less, you can always shell out €40 for a certificate of Irishness. You no longer need documentary evidence, seems people can just “give narrative information on their ancestors” to qualify for the entitlement to the certificate. WIth just 1,000 such certificates issued – and I wonder how many of them were comps for Fexco or government Departments – they might become collectors items in future.
http://www.irishtimes.com/newspaper/frontpage/2012/1029/1224325868423.html
@WSTT Very best of luck and good fortune in your New World.
Brian
@WSTT Sandy is definitely disrupting NY,here is your welcome….
NWL has full permission to provide my contact info. but I’m easy to find in NY,try Baltzar in Soho!
http://rt.com/usa/news/newyork-ghost-city-sandy-479/
@Dorothy if you get time have a quick read of the NWL linked update,Oct. 23.It’s not NAMA’s finest hour.
NAMA has had mixed success with court cases,it’s quite interesting and easy to follow the US ones,the additional commentary by one of the combatants only enhances it,cudos to NWL for providing this excellent forum.
Off to scrounge for batteries,torches,provisions,looks like I will be off the grid for a few days,keep up the excellent work NWL.
Thanks @John. I read everything on this blog. Posters may differ; but NAMA wine lake does the best public service [I'm not sure the public know it yet!] On this dull October day in sleepy Malahide it’s very sad to think of all the devasation wreaked by the hurricane. Stay safe; life is precious and fragile
@Dorothy as a multi merit badge holder from the Irish Scouts,still following the ” Bi Ullamh” moto!
Been around a few storms this one is simply spectacular,sat out “Irene” at 50 miles an hour this is way way bigger and badder.
Go a kindle downloaded “The Untouchables” by Shane Ross,NWL features,it’s a great read.
@ WSTT
Well done you are taking your next step into a much larger world. I wish you the very best in all things.
Apart from the financial disaster there is a much bigger threat facing Ireland. There appears to be some form of communist ideology at work,wealth is bad, people who invest should pay more tax etcetera.
The SBP carried an article where it quoted a senior executive of the IFSC, where he mentioned a tone of hostility against finance in the Irish media. (SBP 28/10/2012)
There is a very real danger that this hostility will increase in nature. Entrepreneurs, investors, big taxpayers and anybody who wants to get ahead in life should be making plans to leave Ireland.
One medical consultant who was interviewed on radio recently defended his 100K + salary, it took him 18 years to reach this level of professionalism, he did not understand the begrudgery. In addition he passed reference to a socialist / communist ideology which is at work in Ireland.
Mr Denis O’Brien also mentioned this 4 years ago, Ireland is becomming communist.
It would appear that the “equality of outcome” philosophy which is pushed by TASC, NERI, and progressive economy is gaining traction.
Those in the Dept of Finance should remember that wealthy taxpayers have a greater degree of mobility, as more of these people leave, the tax burden will fall more and more on the captive middle and lower classes.
@ WSTT
Best of luck with your future endeavours. Judging by the acuity displayed by you on NWL, success abroad will be no bother to you, to use the vernacular.