Irish Government Approves Illegal HQ for Bankrupt National Traitor.

Go Ahead Lads.

Unlawful Anglo-Irish Bank HQ.

National gombeen Anglo-Irish-'Bank' started to build an illegal HQ on the Liffey.  Whilst claiming to be a bank, and whilst allegedly cooking its books with aid from other 'banks' and the Financial Regulator, the esteemed property speculation company used their captive Dodgy Dublin Developers Autocracy (DDDA) department to rubber-stamp an illegal building permit.

Today, the esteemed Irish institution An Bord Pleanála, full of totally honest directors appointed by the Drumcondra Mafia, retro-actively approved the illegal building permit for the bankrupted banks desired HQ.  

The 'developer' ZOE/Caroll who allegedly worked with DDDA to get the dodgy contract, is also bankrupt.  That 'developers' assets have been offloaded by the Drumcondra Mafia onto taxpayers at a cost of the order of €3 Billion in the NAMA scam.

Anglo-Irish Bank's scams will cost Ireland at least €70 Billion in direct property debts and in indirect lost opportunity costs from the crippling of venture capital to 2020 and beyond.  

Proportionately scaled up, Anglo-Irish Bank's scams are equivalent to $10 Trillion in USA terms, or ten Eye-raki wars.  

An Bord Pleanála is doing a mighty fine job.  Mission accomplished.

DDDA Greed Wrecks School

Mr Ó Ríordáin said 'the children of both schools have been betrayed by the reckless and disgusting greed of those who have now gambled away the educational future of the very communities they were established to protect'.

http://www.rte.ie/news/2010/0210/docklands.html

_____________________

 Dublin Docklands Developers Autocracy needs to be totally shut down.  Merging DDDA into another Green-FF quango or into Dublin City Council would be as farcical as the continued existence of DDDA's property partner, the reckless speculator Anglo-Irish Bank.

Bankrupt Dublin Docklands Developers Autocracy Bails out Bankrupt Developer ZOE

Bankrupt Bails Out Bankrupt With Taxpayer Cash?

 

 Is Dublin Docklands Developers Autocracy acting as the market-rigging lab rat for NAMA by arranging a €10,900,000 donation to bankrupt ZOE for 51 drug-land flats at Castleforbes Square and Northbank?

Where does bankrupt DDDA get the eleven million from?

 Who Stole The Peoples's Money.  'T WAS HIM.

[Tammany Hall]

 Perhaps honest NAMA will rob taxpayers to give €10.9 million to Anglo-Irish to give to DDDA to give to ZOE to give to Anglo-Irish to give to offshore bond salesmen in Macau to give to Seanie for Seanie's casino partners in Macau, or Ringsend.

_____________

Green-Washed Social Dividend.

DDDA used to provide affordable housing photo-ops for Berty.

Now John The Traitor Gormley is polishing his bicycle clips for the affordable photo-ops.   John has already achieved his 2-year pension dream, a pension higher than that Kenyan non-national in the White People's House.  Three more years gets honest John's pension into bankster territory.

Meanwhile the fired green-party sandal-wearers are afraid to walk around local supermarkets.

The Green traitors are now 'insisting' on a green-washed social dividend from the socialised banks in the capitalist's NAMA scam.

Imagine you were a 2007 fool to whom DDDA sold an "affordable" flat in Dublin for €400,000.  It's now worth less than €125,000.  And next the Greens will use your NAMA money to move in some challenged people to enhance your 'hood.

Or imagine you are a private purchaser who is competing in 2009 to buy the €125,000 flat in Dublin - with DDDA & NAMA rigging the price with taxpayer cash to rig the price to above €210,000 per flat.

ZOE's flats can not be sold to sane people, and it's not just because they are beside Sheriff Street's drugs industry.  Even a gated community with armed response won't protect any private purchasers of ZOE's flats from Anglo-Irish, DDDA, NAMA and grotesque Green Party financial threats and pocket picking for votes.

_________________________

The flats are barely a drug needle's distance from the stalled and illegal concrete shell built by ZOE as Anglo-Irish Bank's HQ  - now stalled because DDDA apparently conspired with others to issue illegal or curious planning permits or procedures.  

 Why has DDDA not published its annual accounts for December 31, 2008?  Is it because DDDA is financially, ethically and socially bankrupt?  

DDDA seems to be waiting for NAMA to create "expert valuations" for its financially and chemically toxic €450 toxic hole in the ground at the Irish Glass Bottle Site in Ringsend.  

Ex-DDDA and ex-Anglo Seanie can donate plans from his Macau Casino Caper.  

Conflicts of interest abound: 

• Both DDDA and NAMA directly control planning permission.  
• Both are politically controlled property market speculators 
• or riggers, in a legalised pyramid scheme.  
• Both effectively operate in secret.  

NAMA's corporate objective as effectively stated on TV by Ireland's Finance Minister 
is to rig the Irish property market for decades to keep prices above fair market prices for decades.  DDDA and NAMA will make some people homeless and also keep the country non-competitive by rigging office and home pricing.

Supposedly because of money troubles the bankrupt Dublin Docklands Developers Autocracy (DDDA) recently fired about half its staff, no doubt including governance scapegoats and potential whistle-blowers.  DDDA appears to be bankrupt not just  ethically, but financially - DDDA's annual accounts are withheld to con or misinform the public.

________


ZOE operates a few floors of offices in Parnell Street directly below two floors of offices for the rescued mega-bankrupt Bank of Scotland.   Learjet FAS has a huge office across the street.

NAMA's Ground Zero for GUBU Culture

xxNAMA Ground Zero

"Illegal" Anglo Irish Bank HQ 

GUBU-Approved by 

Developers Autocracy DDDA.

 

NAMA Is GUBU Culture.

Will Bord Pleanala politically approve and introspectively legalise the 'illegal' Anglo-Irish Bank HQ building GUBU-ed by The Developers Autocracy, DDDA?  Will pseudo-bankrupt Anglo-Irish Bank rob €68,000,000 from taxpayers to give to examinership-challenged Zoe Developments to complete the 'illegal' building?  Will NAMA approve taxpayer money to complete the HQ absurdity?

Will Mr Brian Lenihan use NAMA to keep this apparently unprecedented misuse of taxpayer money secret and outside the Feedom of Information Act?

Being situated on The Liffey the 'illegal' Anglo Irish Bank HQ is an ideal location for a State Casino to be run by Ireland's Wild West Indians.  Space can be made available for solid patriots politically appointed to DDDA, Bord Pleanala,  EPA-Ireland, Anglo-Irish Bank and NAMA.  The grotesque Green Party could be in charge of protecting The Final Nail, Fianna-Fails bicycle shed, from the barbarians in Sheriff Street.

Apparently the speculative Anglo-Irish Bank HQ was declared 'illegal' by the courts - work has stopped. The builder was a Zoe Developments entity.  Instead of being liquidated, Anglo-Irish Bank was unbelievably sold to the Irish Taxpayers as part of Green-FF's €490,000,000,000 guarantee and bailout of Wall Street equity and bond speculators.   The bizarre  Developers Autocracy (DDDA) recently fired another of its bosses but he may be just the scapegoat for the absurd HQ.  He was fired by an alleged governance expert who until recently received director's remuneration from Ulster Bank/RBOScotland (lender to ZOE).   The alleged governance expert has a financial-contract by marriage with the fired boss of a failed political party which promoted greedy delusions for creating Manhattan in Poolbeg, beside Europe's and Africa's Biggest Incinerator.  



Curiously ZOE in its unprecedented bankruptcy proceedings to 'overturn' the Supreme Court with 'new' information is using the same lawyer as the Poolbeg Incinerator promoters.  The waste-to-toxins incinerator was politically approved by Bord Pleanala and pollution agency EPA.   



Allied Irish Bank apparently sold a large part of Sandymount Strand disguised as a "sports field" for a pittance to ZOE.  ZOE companies now owe AIB perhaps €1,200,000,000 or €600 million or so, depending on the accounting standards used.  The Irish Supreme Court seems to have credibly said ZOE is effectively bankrupt.  But sure now why would that stop ye having another go at the NAMA gravy train.

xx

Haughey was an amateur. 

URL to this image is lost - if known, please insert link as a comment to this blog posting

___________
'Illegal':  Ultra Vires [Latin, Beyond the powers.] The doctrine in the law of corporations that holds that if a corporation enters into a contract that is beyond the scope of its corporate powers, the contract is illegal.




PS:
A man in Longford, Ireland, was recently given 10 months in jail for stealing a cooked chicken from UK company Tesco.  In the good old days when Ireland was run by The Empire a chicken stealer would be simply shipped off to Australia - like Ned Kelly's ancestors. The Kelly's fixed banks.  Now the traffic is reversed. An Aussie will go to Ireland to fix the Anglo-Irish Bank.  Green-Fianna-Fail's new spelling for GUBU is NAMA. 

Aussies use esteemed DDDA to influence Paddy to move to Australia.

Can Anyone Top Sean's Record? [Anglo-Irish Bank, DDDA, NAMA]

Seanie did a mighty fine job at Anglo-Irish Bank and at the Dublin Docklands Developer's Autocracy (DDDA).


Give it a go. If you have no skills and no ethics and experience in a Nasty Assets Monkey Autocracy please apply for a NAMA job.







_______________
DDDA has been a test-bed for NAMA. Both DDDA and NAMA are controlled by the Galway Tent Cartel. Both operate in secret, immune to the spirit of freedom of information. Both are autocracies.

Dublin Docklands 2008 Accounts Stalled for NAMA's Taxpayer Massage?

Is DDDA Cooking The 2008 Books?

How much longer can Mr John Gormley "sit by and watch the taxpayer stuffed for millions of euro"?

February 2009: DDDA promised the Oireachtas Committee on Environment it would publish the 2008 annual accounts by the end of June “at the latest”.

August 2009: DDDA now says the 2008 Accounts "won’t be published until the autumn” of 2009. NAMA and the Lisbon treaty will be done by then.

Is DDDA Cooking The 2008 Books?

Truthful governance requires DDDA's 2008 Annual Account to be the financial snapshot for December 31, 2008. That is last December in 2008, not next December in 2009. Placing future values for some random date in Autumn 2009 into accounts for 2008 is bad governance, misleads readers of the report and echoes Seanie's deals with Irish Life - 'parking' seven billion Euro into Anglo for one day in order to (allegedly) cook Anglo's books. The Fraud Squad is allegedly looking into that.

The famed dogs in the street know the polluted Glass Bottle (IGB) site had zero or negative market value on December 31, 2008. This is a write down of perhaps €450 Million from the consortiums last stated price. Zero, or less, is the price for DDDA's 2008 Annual Account for IGB.

For the 2009 annual accounts the true and fair financial snapshot is for December 31, 2009. By then NAMA will have rigged the market behind closed doors and possibly bought the polluted Glass Bottle site with taxpayer money. DDDA's annual report for 2009 can then state the 2009 price for the Glass Bottle asset.

It seems DDDA is waiting for the highly secretive NAMA to be set up before it massages its 2008 accounts. Then DDDA could award itself planning permission for the DDDA 'investment', re-massage the accounts (truthfully of course, as per opaque accounting 'rules') and tap the taxpayers through NAMA. The facts can all be legally buried in the legalised NAMA dung-heap.

Tesco, Cisco and Wallmart run accounts for hundreds of millions of transactions on a daily basis, in real time. Meanwhile DDDA can not or will not produce a statement for the state of play for just one day, the last day of 2008. And this is with a 'corporate governance specialist' heading the board.

__________________

Non-publication of the 2008 accounts stalls updating on the following (gavinsblog.com; Phoenix, October 2008):

Dunne/Liam Carroll debacle

• Carroll’s €200m north quay scheme was been rendered null and void (the 'illegal Anglo-Irish bank HQ).
• Seán Dunne will be looking for massive compensation.

Treasury Holdings Litigation

• Ronan and Barrett have claimed that the DDDA “seriously compromised itself”
• High Court finding: agreement gave rise to “a reasonable apprehension of bias”

U2 Tower

• The winning scheme could not be identified as relevant details had been lost

Irish Glass Bottle site

• Sold off by Paul Coulson and Dublin Port for a whopping €424m.
• Bernard McNamara put in €57.5m for a 41% stake but only €5m in cash.
• Davy clients get a hefty 17% per annum return.

• €288m loan from Anglo Irish Bank
• promised further €900m in development finance from Anglo Irish Bank.
• “unsecured interest-free” loans to Becbay

• Governance: Catherine Mullarkey, an ex-Anglo Irish executive. Donal O’Connor – replaced Bradshaw as DDDA chairman – board of Anglo Irish Bank. Now heads Anglo Irish Bank. O’Connor was/is a partner in PricewaterhouseCoopers, which did audit & consultancy services for the DDDA.

DDDA Damages Investment in Ireland? [Dublin Docklands Developers Autocracy]

[2009] The Anglo-Irish Bank director is a beetle, which from the moment in the summer time when it began to use its wings and fly about, went about Poolbeg, not attracted by any flower in the field or any flower in the garden, no matter how beautiful they were, whether they were roses or lilies. Anglo-Irish Bank directors went about looking for some cow ddda or horse ddda in which they might roll themselves.
- Adapted from EAMON de Valera

Does DDDA drive investment out of Ireland?
Why does Minister John Gormley allow DDDA to exist?

Perceptions of corruption discourage private and foreign direct investment and limit economic growth.

_____________

"Foreign investment executives rely on perception-based indicators used by commercial political risk-assessment firms such as Standard and Poor’s, Political Risk Services and the International Country Risk Guide.

Perception matters. Research has shown that perceptions of corruption discourage private and foreign direct investment and limit economic growth (Mauro, Quarterly Journal of Economics , 1995)."

The quoted text above has been clipped from an article on the €200 million investigations into alleged Mobile Phone Operator Fraud
Findings almost irrelevant as perceptions rule - by ELAINE BYRNE.

_________________

Mr. de Valera's Original Words:
[1940s] TAOISEACH EAMON de Valera’s patience was worn out by the end of the 1940s. He told the Dáil that persistent corruption allegations reminded him of “the primpealláin, a beetle, which from the moment in the summer time when it began to use its wings and fly about, went about, not attracted by any flower in the field or any flower in the garden, no matter how beautiful they were, whether they were roses or lilies. The primpealláin went about looking for some cow dung or horse dung in which they might roll themselves”.

20 Years of Sandymount-Ringsend Property Taxes to Pay for DDDAs Glass Bottle Site: €20,000 per house by 2020. NAMA, Commission on Taxation.

Feck Dem & Deir Bay

Twenty by 2020

€20,000 per house per year by 2020.

It looks like all of the property taxes on all of the houses in Sandymount and in Ringsend accumulated over the next twenty years will be used to pay off the debts of speculator's at just ONE local site - the deliberately destroyed Irish Glass Bottle recycling plant(5).

Watch out for patriotic DDDA spinning a "strategic national interest fast-tracked" Poolbeg caper to "save the taxpayers" and, luckily, public service pensions for DDDAs friends and families.

• Taxes will start at €1,500 and rise to €5,000 per house per year by 2015.
• Taxes will be €20,000 per house per year by 2020 (for those not prematurely killed by John Gormley's Incinerator).
• The Galway Tent Cartel will spin up some crony-experts to give the diktats to the Biffo and the Brian.

€20,000 per house per year by 2020.

______________

1. The bank controlling the show is famed Anglo-Irish Bank.
2. The plannng department for Anglo-Irish Bank seems to be the Dublin Developers Autocracy (DDDA). There is no visible connection between the newest head of DDDA and Ulster Bank (confirms to Galway Tent good governance standards). There is no visible connection between the head of DDDA and Political Democrats (steel beams can not support the load).
   
3. The concrete-pourer for Anglo-Irish Bank is something named BecBay, as Bertie's choice of Feck Dem & Deir Bay is inappropriate on the south side. A friend of Becbay is on the board of DDDA.
   
4. The methods will be Galway Tent Cartel inventions called NAMA and the Commission on Taxation.
5. This scenario was not denied by a former Finance Minister when postulated in early 2008.

'T WAS HIM.
Who stole the people's money?

Dutch To Bankrupt Poolbeg Polder?

Ierland Nee














75 per cent writedown for the banks

In Holland it's not unknown for people to read under the street lamps outside their houses to save a few Euro-cents on electricity. So it's no surprise that Utrecht's Rabobank is now after the developer of goedkoop flats in Ireland. Rabobank, localised as "ACC", is using a ploy to get Irish taxpayer cash from the NAMA gravy-train.

Zoe Developments apparently owns a site on a Sandymount Strand nature reserve possibly named after a mobster's girl called Fabrizia. It is very curious how this public beach was liberated from the public with the apparent help of esteemed Allied Irish Bank. AIB does a lot of business with Zoe and is perhaps in this hole for 400 million Euro - a sum high up on the list to be transferred to those fools, the Irish taxpayers, using the ninety thousand million NAMA scam, sorry strategy. This caper has already shut down hospital operating theatres.

Right beside the Fabrizia site is the 450 million Euro and NAMA-ready Irish Glass Bottle site. Do our Downtown Niggers(*1) use their disposable cellphones to do business with Anglo-Irish Bank and the Dublin Developers Autocracy (DDDA)? Or is it now exclusively with NAMA?

Just a few hundred metres from these spec-sites is Europe's, and Africa's, largest planned waste-to-toxins incinerator - to be run by a New Jersey outfit which has been fined for dioxins pollution and six thousand other violations.





____________
Footnotes:
(*1) See HBO's The Wire for appropriate language examples.

2. The lawyer for the incinerator promotors seems to be the same lawyer as the lawyer representing the owner of the Fabrizia site. There is only a limited pool of honest professional talent in Ireland.

3. Irish Times:
Applying for court protection Zoe said that if the group of six companies, which have total debts of €1.2 billion, was liquidated, they would have a deficit of €900 million. Based on this writedown value, properties on which it has borrowed €1.1 billion from eight banks would fetch €275 million if they went on sale this morning.

That means a 75 per cent writedown for the banks. For ACC it means a loss of about €100 million, which is more than manageable for Rabobank. For AIB it is proportionally larger €367 million. For Bank of Ireland, which is owed €113 million, it is €84 million. But when you apply it across the rest of the distressed part of its commercial property book, which would be the consequence of liquidating the other insolvent property companies, you really are looking into the abyss.

http://www.irishtimes.com/newspaper/finance/2009/0720/1224250947332.html

NAMA & DDDA And The IGB Frontman

The DDDA Farce Continues.

What is the true purpose wherein Finance Minister Lenihan even considers appointing the front-man for the Irish Glass Bottle site 'sale' to NAMA?

What about basic governance? What about past business deals with DDDA? NAMA now has less credibility than either Anglo or DDDA.

DDDA is highly challenged by its curious links with Anglo-Irish Bank. DDDA and Anglo were possibly the catalyst for the €490 thousand million banking guarantee scam, and the €90 thousand million NAMA scam.

The large hole in the ground at the Irish Glass Bottle site in Ringsend is apparently being sold to Irish taxpayers for €490 million, or so. This is consistent with Mr Biffo and Mr Lenihan following the instructions given to them by the galway tent cartel in September 2008.

------------------

Glass Bottlers dealmaker Mulcahy linked with property role at Nama

By Nick Webb

Sunday June 14 2009

JOHN Mulcahy, chairman of Jones Lang LaSalle, is likely to be tapped up to become Nama's latest recruit. Mulcahy was a key adviser on some of the largest property deals done at the height of the boom.

As the then chief executive of Jones Lang LaSalle,

• Mulcahy fronted a number of major deals, including the €430m sale of the Ringsend Glass Bottle site by South Wharf to a consortium including Bernard McNamara, Derek Quinlan Dublin docklands Development Authority.
  
• Mulcahy was also involved in a number of major DDDA schemes including the development of retail and residential complexes at Grand Canal quay.
  

It is understood that the businessman may be approached to take a key property portfolio advisory role at the State asset management agency. Further legal and banking advisers are also being sought after PwC and HSBC were appointed by Nama last week.

Mulcahy welcomed the creation of Nama after the April budget. "This measure makes sound commercial sense for both Government and banks," he said.

Based in Dublin since 1964, Jones Lang LaSalle has been central to the development of major office and retail schemes around the country. It is also prominent in the industrial property sector. The company is part of the US Jones Lang LaSalle group.

Last year, Jones Lang LaSalle made pretax profits of €4.9m.

John Mulcahy was unavailable for comment.

- Nick Webb

NAMA's Fair But Tough Formula

NAMA's fair but tough formula for calculating property taxes on private houses and flats from 2010. These new taxes will bail out Ponzi Scheme sites in Poolbeg and elsewhere.

An = Number of pints of Beamish consumed
S = Smokiness of the Galway Tent [where 0 is clear air, 10 extremely smoky)
L = Luminance of 'patriotic property investor' (candelas per square metre)
Vo = Snellen financial acuity (6/6 normal; 6/12 just meets Green-FF standard)
d = Distance from Galway Tent (metres; 0.5 to 3 metres)
B = Known unknown

€450 Million in Property Taxes From 2010.

NAMA Gearing Up For Irish Glass Bottle Ringsend Scam?

In September 2008 the patriotic Galway Tent Cartel ordered Mr BIFFO not to liquidate Anglo-Irish Bank nor any of the rest of the Cartel.

The Cartel even told Mr BIFFO how to spell systemic and billion but did not explain the big words. After Mr BIFFO recolonised Irish taxpayers with the €490 Billion commitment he was given his customary bag of chips.

The Tribune reports Anglo-Irish Bank is doing some more financial stunts concerning the Glass Bottle Site in Ringsend. Isn't this in order to finesse selling the hole in the ground to the taxpayers using the NAMA scam.

Next some spiel about "bankrupt-developers" being forced to sell their trophy houses and their trophy wives will be printed by The Irish Times in order to fob-off the mortgaged masses. The Traitor Gormley might even do a jobs announcement - omitting any mention of the firing of the 300 IGB recycling-workers, facilitated by the DDDA-Anglo-Irish patriots.

Without the help of Mr. Gormley's DDDA Planners Autocracy the IGB site's current and foreseeable value is zero. The DDDA Planners Autocracy is in the final stages of a Sham Poolbeg Scheme process which will end up costing taxpayers hundreds of millions, killing jobs, shutting schools and hospitals. DDDA's buddies in Dublin City Council, including €75K payoff councillors, will send many more people to hospital once the iconic Poolbeg Incinerator - "Europe's Largest" - fires up its uncontrollable toxic particle generators (PM 2.5's, PM1.0's).

NAMA's sponsors like to confuse taxpayers by using big opaque numbers such as the ninety billion euro they plan to scam from taxpayers 'to save the economy'. That's €60,000 of extra taxes per worker (2011 full-time headcount equivalent). Such money would be better invested in high value intellectual property.

Its more useful to look at an example of just one site buried inside that €90 Billion zombie banking number. According to honest DDDA-Anglo-Irish-Bank the Glass Bottle hole-in-the-ground speculation has an alleged book value of €450 million. The site's real value is between zero and €45 million at most. However when the DDDA Autocracy hands out the planning permission for the future-slum to its co-conspirators, sorry co-investors, the Autocracy will declare the site's value is €299 million.

This means the honest NAMA gentlemen can diddle the taxpayers by paying 'a robust 66.6%' or 'only' €199 million of taxpayer's cash for the site. The false book-keeping balance of €251 million is also diddled from the taxpayers in the "systemic Anglo-Irish Bank" scam of September 2008.

The Galway Tent Cartel can easily use the national database of phone calls, emails and IP addresses to plot all relationships used by Irish TDs. Using this and more subtle methods the Galway Tent Cartel is in a positon to order all the main political parties to be fully on-board with DDDA's Patriotic Poolbeg Scheming, going forward. Including The Traitor Gormley.

None of the political 'elite' have provided a more realistic scenario than that outlined above. This is very curious.



PS: There is little validity in the childish rumour that the NAMA was first going to be named the Bonzo McNamara Bank. Just plain NAMA is more subtle - after all patriotic NAMA has not been set up to rescue 'developers'.

Six Degrees of Separation Or Less, at Poolbeg

€450,000,000

€90,000,000,000
€400,000,000,000
A Colony Again.

___________

________________________

UCD MBA School's Reputation Challenged by DDDA Appointment?

Galway Tent Appoints DDDA Chairman.

The Galway Tent cartel gave a fresh new banana to Mr BIFFO when informing Mr Gormley that Mrs Michael McDowell would be the newest chairman of the Dublin Developers Autocracy (DDDA) in March 2009.

Since that autocratic appointment Mrs McDowell has been curiously quiet. Mrs McDowell appears to be a non-practicing governance expert, in the internationally accepted definition.

Governance Expert Farce.
A credible practitioner on governance:

• would not accept a governance job without a transparent competition for the position.
  
• would have abolished the DDDA in its entirety by now
  

DDDA is the catalyst for bad governance in Ireland.
Whether its €400,000,000,000 of taxpayers money or €90,000,000,000 or just the €600,000,000 in the gift of the DDDA-Planning autocracy at Poolbeg, Irish taxpayer's must be legally liberated from their money.

DDDA has taxpayers in double jeopardy at Poolbeg: it's heads taxpayers lose and tails taxpayers lose. A very clever game finessed by Anglo-Irish Bank's ultimatum to Mr BIFFO in September 2008. What does the Galway Tent have on Mr BIFFO and on Mr Ahern?

How Do You Spell Legalised Fraud?
At least six hundred million Euro of taxpayer money is at risk just in Poolbeg - including the lucrative foreshore site funded by Ulster Bank of which Mrs McDowell is/was a director. The prior owner of this site was another bailed out bank - Allied Irish Bank, who obtained the land-filled public beach using the honest story it was for a sports club. A very honourable intention by an honourable bank. The land-filled beach had first been cut off from the sea by an illegal causeway (Dail Transcripts).

Join The Dots
Does anyone need drug-dealer-relationship-analysis software to join up the dots between the landbank-stashes and the taxpayers-cash?:

• DDDA Developers Autocracy,
• Councilors placed inside DDDA,
• Dublin City Council,
  
• Developers Connections to DDDA's Board,
• Bertie's Dublin Port Company Buddy,
  
• Ulster Bank directors,
• Anglo-Irish Bank directors,
  
• Progressive Democrats,
• Fired FF-PD Councilors,
• Fired PD TDs,
• Ex-PD 'Developers',
• Ex-Fianna Fail 'Developers',
• The Green Party,
• Planning Permissions,
• Autocratic Poolbeg Planning Schemes,
• Poolbeg Land Banks,
  
• Trips to Amsterdam,
• Dutch Architect,
• Information Withholding, Obfuscation & Gaming,
• Localised 'Briberization',
• The Community Gain King's Shilling.

UCD Business School Totally Compromised.
Perhaps Mrs McDowell can ask an internationally certified Governance Expert, as opposed to the Galway Tent's proclaimed Governance Expert, to prepare this case study on corporate governance:

Is UCD's MBA School Totally Compromised by the Newest Autocratic DDDA Governance Appointment?

DDDA Governance - Another Fine Mess?

Governance is a job for the Polizei, not for insiders.

As the son of a bricklayer Michael Schumacher may be a candidate for DDDA Chairmanship. Michael is an expert on the governance of German Autobahns but this does not necessarily stop him exceeding the few existing speed limits around Nürnberg. And a po-faced resignation from Formula One has not prevented further speeding.


RTE, the government broadcaster reported that Mr John Gormley appointed a new chairman for the DDDA, for the second time this month (March 2009). RTE headlined the newest chairman as a "Governance expert". RTE headlined the prior newest chairman as a "Green Entrepreneur" during a TV slot on the very night of his closed-door appointment.

RTE did not provide any background detail on the governance expert - RTE had just been censured by the Taoiseach (technically by his PR man; his wife - technically - censured The Tribune) following a police raid on a radio station to search a satirist's private email.


"Aithníonn ciaróg ciaróg eile"
All members of the galway tent blog believe the latest DDDA chairman has a very fine reputation, so it is very surprising to see the professor directly involving herself inside an organisation with a very curious association with Anglo-Irish Bank - especially one she commented on in a promisingly worded article. A more appropriate role would be for the Professor to act as the critically needed corporate governance enforcer for the FF-Green Party and to Mr John Gormley whilst maintaining a firewall between herself and governance-disgraced banks, and their curious relationships to the Developer's Autocracy (DDDA).

Is it not better for the police and the poachers to live in different villages?

Resigning from a directorship does not remove the business and personal relationships built up over time. A five year 'cooling-off period' is more credible and more in line with appropriate corporate governance principles. Professors of management know the classic example here is Dick Cheney - Dick resigned from Halliburton on being appointed to the governmental bureau of Exxon - The White House. John Gormley's party condemned an EPA-Ireland appointee for similar reasons - incinerator industry insiders appointed to EPA - but has done nothing about the conflict. It is not known if John Gormley has acquired another house well away from Ringsend and the Gormley Incinerator.

Professional professors of true corporate governance robustly ensure there are no grounds whatsoever for issues or concerns about conflicts of interest - business, finance, political, personal, environmental, planning - however innocent. Academic Professors of true corporate governance know this too. Especially in view of the Anglo Irish Bank debacle it is even more important that no perception of conflicts of interest can exist, otherwise The Reputation of Ireland Inc comes again under the spotlight.

In a notable contrast to international best governance practice John Gormley did not conduct an open competition for the DDDA chairman's job, so presumably he at least did minimum due diligence. John Gormley has not revealed the following, but is has been reported by The Sunday Tribune and The Irish Independent:

Allegedly the DDDA's new chairman:

• Is a director of the Ulster Bank which finances private risk-taking property developers within DDDA's autocratic-planning-permission territory. Ulster Bank's parent just declared the largest loss in British history, in excess of £20 Billion. Ulster Bank has provided funding for Fabrizia Developments -- the company behind the Gasworks apartments in Ringsend and a site near the foreshore of Sandymount Strand at Poolbeg under control of the DDDA. A potential resignation does not remove the conflicts of interest.
  
• Owns a holding company which in turn owns a share in a risk-taking property company hoping to profit from the U2 tower inside the DDDA no-appeal planning territory in Ringsend. Anglo Irish Bank is one of the bankers for the property company (according to Anglo's credible stock market disclosures?). The Professor did not return calls to the newspaper.
  
• Is the wife of the former leader of the PD party, promotors of Poolbeg property development. The PD party strongly supports the PD's steamy dream of a Manhattan in Poolbeg - within DDDA's autocratic planning empire. This leader failed to gain enough votes in Ringsend-Irishtown-Sandymount and lost his Dail seat. The latest fired/resigned former DDDA chairman was apparently also a failed PD politician. The boyo before that had a day job at Anglo and a night job at DDDA, and vice versa for his buddy.
  

Last month, a Dail committee raised concerns about potential conflicts of interest in the DDDA. In Dáil Éireann on Friday (March 27) the FF-Green government stated words to the effect that the DDDA governs itself and is doing a mighty fine job. Another Fine Mess?


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Please email any corrections or concerns to galwaytent@gmail.com using an anonymiser.

DDDA Autocracy is in Compliance with DDDA Autocracy

Pyramid Scheme Logo
Dail Eireann (March 26, 2009) Statement by Green-FF TD:

"The DDDA advised the committee that the process was conducted in full compliance with the authority’s code of conduct."


Anglo-Irish also advised the 'Financial Regulator' that Anglo-Irish was in full compliance with Anglo-Irish.
This has cost Irish taxpayers €10,000,000,000.
Dublin Docklands Authority, Dublin Developers Autocracy, Anglo Irish Bank,

Greenwash: Becbay Relative & DDDA Appointment

"He's not the worst.
He's not the slap-'em-up type of builder"

Relatively speaking, DDDA is above board. Relative to Anglo-Irish Bank that is. A relative to a Becbay site developer now has a curiously strong link to a new director of the no-appeal planning autocracy for the €450 million site. This is all legal.

Relatively speaking, Shelley McNamara is the sister of Bernard McNamara, and is no doubt above board. Shelley McNamara and Yvonne Farrell founded Grafton Architects, a firm with substantial governmental contracts. Yvonne Farrell, Ms McNamara's co-director at Grafton Architects has been anointed to the DDDA board by Mr John Gormley of Green-FF. DDDA is jokingly known within Anglo-Irish as our Developers Autocracy.

There is no fair reason whatsoever to conclude a family connection necessarily causes conflicts or even a conflict-of-interest. Is there any possibility, however remote, of any influence or communication?

Perception is king. Make your own conclusions.

DDDA dictates the no-appeal planning permissions for the Becbay site where Mr McNamara is an apparently stress-tested investor. Possibly informed by Anglo's lawyers who in turn inform the Financial Regulator, the DDDA denies there are any conflicts of interest. Perhaps if the monkey can not see the hose he or she will not be influenced by the cold water.


The DDDA must be shut down immediately.

During the one-way "Statutory Public Consultations" the DDDA has apparently withheld information on it's secret schemes to elevate "ground-level" in Poolbeg by up to 30 feet. ApparentlyDDDA has also kept secret its scheming for a hundred thousand square foot logistics centre under the SPA nature reserve. DDDAs schemes on the floodplain will frequently flood Sandymount and Ringsend - perhaps once every ten years instead of the current 1 in 200 year assessment. After April 2009, as is dictated by the Environment Ministry of John Gormley, the public can not make any comments on the DDDAs schemes for Poolbeg. DDDA will be free to dictate whatsoever it and its cronies pull out of a hat.

DDDA is an anti-democratic autocracy controlled by the interests - especially Anglo Irish Bank - which have bankrupted Ireland and which are looting the National Pension Reserve Funds.

Legal Corruption
Is this (job unadvertised?) DDDA appointment by Mr John Gormley consistent with the reasons and perceptions whereby The World Bank now ranks Ireland worse than Botswana, Ghana and China for Corporate Legal Corruption?

Risk-Ranking using this data increases the interest-premium on Ireland's national debt by €276 million for each €10 Billion borrowed by BIFFO from China. Tired and emotional BIFFO calling China in the middle of the night adds an extra few punts. The reason for Ireland's out-of-control borrowings is the Green-FF building industry pyramid scheme run from The Galway Tent. The newest DDDA Charirman is from the Green-FF building industry.

At least the Dutch were left with some diseased Tulips. And they were not green.

[Google: World Bank Institute, Corporate Legal Corruption.]
[Google: Transparency International, Country Study, Ireland 2009]

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Zero Degrees Of Separation Costs Taxpayers Hundreds of Millions at Becbay Site

Galway Races 2006
Bernard McNamara With A Socialist

Grafton Architects 2009

Shelley McNamara With A DDDA Director.

DDDA is regarded by some as the rubber-stamp-planning-autocracy for Seanie's Anglo-Irish Bank. Bernard McNamara is obliged to pay 17% interest on loans for his leveraged assets in the Irish Glass Bottle site. Anglo-Irish Bank handed out €288 million for the site. The big boys in DDDA have 'invested' about €40 million of taxpayer funds. To get the money back DDDA can permit an appropriate change of use - perhaps a Casino.

Based on current market values the IGB site has lost €300 million to €400 million since 2007. Taxpayers are now liable for €288 million, excluding the DDDA losses. Legally taking the €288 million from taxpayers requires a property tax of €10,000 for each of the 3,000 houses in Sandymount for each of the next 10 years. The public softening up process has started on the public broadcaster & in the advertising dependent newspapers - such a tax to pay for DDDA's hole-in-the-ground is likely to be introduced by 2010.

If the Developers Autocracy does not grant planning permission at Becbay the investors will lose perhaps a further one to two billion Euro in future gains. More immediately, the house of cards involving DDDA, Anglo and Becbay could collapse when "non-nationals" demand their cash back.

"He's not the worst.
He's not the slap-'em-up type of builder"

said one conservationist, who credits his sister, Shelley McNamara, with sparking his keen interest in the architectural innovation that marks out his projects.

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http://www.irishtimes.com/newspaper/breaking/2009/0302/breaking53.htm
http://galwaytent.blogspot.com/2009/02/ddda-director-story-anglo-irish-banks.html
http://www.independent.ie/opinion/analysis/the-man-whose-business-success-was-built-on-the-wings-of-political-failure-134660.html
http://news.bbc.co.uk/2/hi/science/nature/7935159.stm