McNama Meets Russian Mafia

Totally unproven sources and honest 'non-national' shoe-polishers say Ireland's McNama is meeting Russian Mafia debt holders south of Malaga at Benalmadena in the 5 star.

The Stalin-Hitler screwed Poles have sold their debts for McNama Windows 2007 P.O.S. to the Russians. 

The Russian Mafia  already uses Chelsea Football Club for good spin - with buddy Putin the Chelsea Crew has already murdered all managers in the Russian aluminium industry (about 150 heads).   Paddy developers and extractors of taxpayer cash need to be aware of Russian methods.  After Alaska the Russians are not to be fooled with by Gormleys and Biffos and buyers of windows from Poland on credit.

____

Irish media reports a local Poolbeg-Irish-ShrewsBuriedRoad €2 Billion bankrupt is in Malaga.  The mafia mixed all the concrete on The Costa - thats why it's such a paradise.  If true, the speculator is truly a total fool. At least thats the defence before the corruption committee (2095).

Because We Are Worth It.









Toni Orlando Soprano buried Russians in the woods near Covanta's HQ.    Covanta has used total-truth CBRE of Incinerator Hearings truth-fame to front up for a new 300,000 square foot Covanta building in the garden state.  

Attempted Theft of GAA Property by Dublin Docklands Authority?

DDDA's Repurbishment of Sandymount Strand

Friend's Of Bertie Hand Out The Kings Shilling

To be a player with the big boys DDDA tried to ape the behaviours of property speculators.  Nevertheless DDDA's officials still get mocked by Dublin Developers (Harry C.,  RTE, Nov 21, 2009).

DDDA knows you can't just steal a public beach.  First you have to designate it to be a sports field.  Nobody can contest the worthiness of sports fields in socially deprived areas.  Especially not the patriotic property repurbishmenters who move house from Ailesbury Road to Paris with €300 million or to Geneva with €100 million.

Once upon a time AIB curiously came into possession of a formerly public beach in Sandymount which AIB spinmeisters labelled as a 'sports pitch'.  The now bankrupt banksters at AIB 'sold' the sports pitch in 1999 to a now bankrupt property speculator, financed by Ulster Bank.  This now privately owned site on the Sandymount Foreshore is known as 'Fabrizia'.  DDDA's latest chairman used to work for Ulster Bank and apparently this formal relationship has officially stopped.  NAMA has rescued the AIB bank and will rescue a new improved Fabrizia speculator with your tax money (closing hospitals).   Bankrupt DDDA recently transferred millions to the bankrupt developer to 'buy' flats for 'social housing' beside Anglo-Irish banks illegal HQ on the Liffey.

With legalised inducements in place for local councillors and officials the polluted AIB sports field on Sandymount Strand was magically rezoned for shoebox high-rises.  In DDDA's case they can just issue a section-25 planning diktat - councillors who 'support' DDDA can swap social housing for votes.


DDDA is now apparently trying to grab rights to public lands being used by a local GAA Club.  This issue was highlighted at pubic meetings held by Sandymount & Merrion Residents Association in Sandymount in 2008.  DDDA hides its schemes behind a wall of obstructionism, possibly under instructions from the hidden controllers of Anglo-Irish Bank. 



______________

DDDA plan 'interferes' with GAA land

Neil Callanan

http://www.tribune.ie/business/article/2009/nov/22/ddda-plan-interferes-with-gaa-land/

The Dublin Docklands Development Authority (DDDA) has been warned that its draft development plan for the Poolbeg area contains an unfair "attempt to interfere with" a local GAA club's property.

Clanna Gael Fontenoy's pitches border the controversial Irish Glass Bottle (IGB) site which was bought for €412m by the DDDA, property investor Derek Quinlan and developer Bernard McNamara and is now said to be worth just €60m.

The club said: "It is apparent that there are four secondary and one primary pedestrian route proposed over the club's leasehold land. This is an impermissible attempt to interfere with the club's property interests. The club is deeply concerned about such a proposal."

It said the DDDA does not appear to have given "sufficient recognition to the property interests that the club has in the lands" and said it was "noteworthy" that the photograph of Sean Moore Park "has the club's clubhouse airbrushed out and its existence removed and replaced with extensive green foliage".

The club has a 99-year lease on lands at Sean Moore Road from Dublin City Council and also has land measuring more than 2.5 acres alongside the boundary of the IGB site.

"Developers of the lands beside the club… should not be misled into believing that future residents of any proposed development will be able to use the club's playing fields as part of the general green field site," they said.

November 22, 2009

Dublin Docklands Lies

 Dublin Docklands Developers Autocracy's biggest site lies on Sandymount Strand.

The autocracy says it got involved at the €450 million IGB site because members of the local community had urged it to.

- Example of DDDA Bare-Faced 'Spin'. Published Whilst 2008 Accounts Are Being Cooked to Hide Write-off of €450 Million.   

The DDDA autocracy seems to be allowed to hide behind the Feedom of Information act whilst publishing spin about what they are really scheming up.  The DDDA's 2008 accounts would appear to be extremely shady as they have now been cooking for a full eleven months! All with a "Governance Expert" as Chairman in charge of this example of information obstruction!  Credible companies publish truthful accounts two weeks after the quarter closes.

With the same unseen masters it's likely NAMA will operate to the same high governance standards as DDDA: the Special Purpose Vehicle designed to cook the national accounts, Enron-style, is a strong indicator that the Fools & Crooks culture will continue, this time rigging house prices for a generation and emptying little-peoples' pockets to the tune of €99.9 Billion.

 DDDAs IGB Glass Bottle Site Lies On Sandymount Strand

DDDA's shell game on Sandymount Strand at the IGB and Fabrizia sites will directly cost taxpayers hundreds of millions of Euro - shutting hospital wards, cutting medicines, cutting medical personnel pay  - whilst their buddies plan to pollute the environment with the Poolbeg Incinerator, shortening life expectancy across Dublin.

_________________

EPA's Fix Is In - DDDA's €450 Million Hole in Ground.

Continuing the tale of the alleged and possible €450 million fraud or simple honest mistakes at the Glass Bottle Site in Ringsend.  The path is now clear to use NAMA to take €450 Million from taxpayers.

The latest caper is the EPA Director's rubber stamp for the speculators at the Glass Bottle Site on the dump in Ringsend.  These public employees also politically approved the toxic Poolbeg Incinerator, ignoring science (and their gagged scientist employees?) and claiming community health assessments are not their job.    EPAs other fine work liberated chromium six into Cork Harbour.

Arup is on the board of Dublin Developers Autocracy (DDDA).  Arup worked with DDDA, Becbay and others to supposedly perform some sort of undocumented environmental cleanup at the toxic Ringsend site. Another €30 million of taxpayer cash was wasted on this absurdity (literally exporting the city dump to Germany without documentation).

A former EPA scientist-employee apparently contests the cleanup and maintains the site is polluted (methane from the 40 year old dump).

Before entering the cronyist Green-FF government The Green Party condemned the EPA's Directors.  Now with a green as Environment Minister the greens are destroying the cause of environmentalism in Ireland and doing exactly nothing about the mighty fine pollution agency's directors.

Mighty fine public servants, those EPA ex-incinerator industry Directors.
Mighty fine icons of democracy and environmental protection, those green party apparatchiks.

___________________

From the Sunday Tribune:

The Environmental Protection Agency (EPA), the statutory body set up to oversee European environmental law, has ruled that the company has properly cleaned up contaminants on the IGB site. In the jargon of the planners, Becbay will be able to surrender its licence at the IGB site.

Public files at the EPA show the steps taken by Becbay and its contractor, Arup Consulting, to clean the site. Soils were shipped from the site to two decontamination facilities in Germany for disposal, the EPA files show.

Older residents knew that parts of the IGB site were used as a main Dublin tip head for the city's waste. Dublin Corporation maps, say the developers, indicate most of the IGB site was reclaimed from Dublin Bay before 1965, with the southern part of the site reclaimed around 1966.

Dublin city operated a landfill, dumping waste in a layer of up to six metres at Ringsend. For four decades up to its closure in 1978, methane-producing household waste was dumped on the tip that included part of the IGB site.

In late July this year, the EPA received a submission from a member of the public, Michael Doak, who opposed the surrender of the licence to Becbay. It is rare for the EPA to receive any public comments but the submission was unusual for another reason too: Doak, though he had not worked on the IGB site, was a former EPA inspector. His claims that high levels of methane remained on the site were, however, dismissed.

The ruling by the EPA board paves the way for Becbay to apply for planning permission to build on the site. But the continuing role of the taxpayer, through the DDDA, in one of the most expensive strips of development land in Ireland guarantees that the IGB site will remain the focus of considerable public scrutiny.

NAMA's SPV and Enron's SPE.

Special Purpose Vehicles and Special Purpose Entities.

'SPV' smells like 'SPE'.
So don't step in it.

Any chance Andrew Fastow of Enron is one of NAMA's state-secret advisers?  Enron only rigged energy markets (shutting Intel's HQ in Santa Clara).  NAMA will rig the markets for people's homes (throwing people onto the street).

Mr Fastow is an expert at concealing massive balance-sheet losses by using a complex web of off-balance-sheet special purpose entities (SPE).  NAMA will cook its books by using so-called SPiVs in a shell game of off-balance sheet "accounting".

Only the lawyers and teechers running Green-FF could dream up such absurdities.  Fools and crooks.

Andrew Fastow is currently serving a six-year prison sentence for charges related to this conduct. 

PS:  NAMA = DDDA = Cowboys = Anglo-Irish bank = Green-Fianna Fail


___________
Andrew Stuart Fastow was the chief financial officer of Enron Corporation until the U.S. Securities and Exchange Commission opened an investigation into his conduct in 2001.

Fastow was one of the key figures behind the complex web of off-balance-sheet special purpose entities or 'SPEs' (limited partnerships which Enron controlled) used to conceal their massive losses.

Enron - the largest bankruptcy in US history - was based in Texas.
Covanta is based in the polluted garden-state of New Jersey.

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.

DDDA Directors, Fools or Crooks? There isn’t anything in between.

‘You have to make a choice. Did you not know what was going on? If you didn’t, you must ask yourself, are you a competent director? And if you did know, you were complicit in recklessness and fraud. So which is it? Because there isn’t anything in between’.

- Comment on Ireland's cronies by Niall Fitzgerald, a former chief executive of Unilever and a 1990s non-executive director of Bank of Ireland.

 

This question applies to all people involved at DDDA and to their masters at Anglo-Irish Bank.  It also applies to The Hierarchy at Dublin City Council's Incinerator Op., EPA, Bord Pleanala and so on.

 

POSTCARD FROM BANAMA REPUBLIC OF POOLBEG

_________________________________

FINTAN O'TOOLE's article is here.

_________________________________

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.

NAMA - Trust Us

Trust Us.

NAMA Purchase Example, IGB Ringsend, Only €450 Million.

NAMA Site Ringsend









Estate Agent: Mr. Gormley's Fianna Fail
Banking Autocracy: Anglo-Irish Bank
Funding Autocracy: NAMA
Planning Autocracy: DDDA

Workers Fired: 300

Fools: Irish Taxpayers
Funding: Property Taxes
Press: N.Brennan (Governance Expert).



NAMA SITE EXAMPLE: ONLY €450 MILLION.

Trust us.
This site will be worth €450 Million in thirty years time.
So why wait.
Do the sums.
Buy today.
For only €450 Million.



The site is hardly polluted at all, at all, and EPA can fix that.

The site has no planning permission, but DDDA can fix that.
Otherwise DDDA is bankrupt.
------------

Some sums

NAMA Petition (Lucey)

NAMA Petition (Brian M. Lucey)

Just to wreck Poolbeg it's quite possible the patriotic and secretive NAMA will spend one thousand million Euro of your money, whilst shutting operating theatres. And as NAMA will be immune to Feedom of Information gaming you won't ever know.

For example, the IGB site is on the speculators books for €450,000,000. The alleged book price of the neighbouring Fabrizia site is a secret (see comments by High Courts judges and Supreme Courts judges on evidence not provided by Liam Caroll's ZOE Developments).


The petition below is pasted from the original Brian M. Lucey NAMA petition at
http://brianmlucey.googlepages.com/namapetitionandoireachtasemails

Reduced and reused john.gormley@oireachtas.ie is very disappointed he is already out of the oireachtas, list. However The Galway Tent has recycled John into the list.

_________________

Brian M. Lucey's nama petition and oireachtas emails

As you may know I [Brian M. Lucey] have been a significant critic of the government’s policies on NAMA. A few hard questions should be asked of all those who support same.

• What evidence does NAMA have that the current market price of property, land etc is not in fact the correct price to pay?
• What evidence does NAMA have that the current market price of these is not in fact going to decline for a number of years, as would be the case if Ireland were to follow the common experience of previous property crashes?
• Why would a temporary nationalisation of the banks be a bad thing, given that this would provide the taxpayer with a valuable asset which could be sold in future years?
• Why does no independent analyst support the governments view on NAMA? This includes the Swedish finance minister who ran their bad bank system, who said to the Irish Times that he “favours the more severe mark-to-market write-down of assets rather than a ‘through the cycle’ valuation.”, and that “it (NAMA) does not sound like the right solution to buy assets from private banks.” It also includes the IMF who said " Insolvent institutions (with insufficient cash flows) should be closed, merged, or temporarily placed in public ownership until private sector solutions can be developed ... there have been numerous instances (for example, Japan, Sweden and the United States),
• where a period of public ownership has been used to cleanse balance sheets and pave the way to sales back to the private sector", in the context of saying that the likely losses for Irish banks were such as to render them insolvent.
• Why not force the equity and bond holders in Irish banks to take the first place in the queue to absorb the losses that the banks would have to book were current market prices to be paid for the loans made. After all, that’s what risk capital is for?
• If the state overpays for the loans relative to current market prices, what, apart from a functioning banking system, does the taxpayer gain?
• What percentage of book value of the loans should NAMA pay, given that current market prices for land and development properties are somewhere around 30% or less of book value?
• If NAMA were to pay say €60b for loans that are worth only €30b, how can this transfer of a full years tax revenue to private speculators be justified in this economic time?
• If, as is entirely possible, the loans transferred to NAMA do not provide sufficient income to meet the coupon payments of the bonds issues by NAMA, will the taxpayer, at least in the short term, not have to meet these payments?

If you are interested, below are the emails of all TD's and Senators in the Oireachtas. It is useful to email them with these and other questions - pass the details onto your friends and family. Remind them that they dont have to email all seperate and individually. Just cut and paste the bloc of emails into the TO or CC line.



aengus.osnodaigh@oireachtas.ie, aine.brady@oireachtas.ie, Alan.Kelly@oireachtas.ie, alan.shatter@oireachtas.ie, Alex.White@oireachtas.ie, andrew.doyle@oireachtas.ie, Ann.Ormonde@oireachtas.ie, arthur.morgan@oireachtas.ie, bernard.allen@oireachtas.ie, bernard.durkan@oireachtas.ie, bertie.ahern@oireachtas.ie, beverley.flynn@oireachtas.ie, billy.kelleher@eircom.net, billy.timmins@oireachtas.ie, bobby.aylward@oireachtas.ie, boshea@eircom.net, brendan.howlin@oireachtas.ie, Brendan.Ryan@oireachtas.ie, brian.hayes@oireachtas.ie, brian.lenihan@oireachtas.ie, Brian.ODomhnaill@oireachtas.ie, Camillus.Glynn@oireachtas.ie, catherine.byrne@oireachtas.ie, Cecilia.Keaveney@oireachtas.ie, charles.flanagan@oireachtas.ie, charlie.oconnor@oireachtas.ie, chris.andrews@oireachtas.ie, christy.osullivan@oireachtas.ie, Ciaran.Cannon@oireachtas.ie, ciaran.cuffe@oireachtas.ie, ciaran.lynch@oireachtas.ie, conor.lenihan@oireachtas.ie, cyprian.brady@oireachtas.ie, damien.english@oireachtas.ie, Dan.Boyle@oireachtas.ie, daniel.neville@oireachtas.ie, dara.calleary@oireachtas.ie, darragh.obrien@oireachtas.ie, David.Norris@oireachtas.ie, david.stanton@oireachtas.ie, deirdre.clune@oireachtas.ie, Deirdre.DeBurca@oireachtas.ie, denis.naughten@oireachtas.ie, Denis.ODonovan@oireachtas.ie, Diarmuid.Wilson@oireachtas.ie, dick.roche@oireachtas.ie, dinny.mcginley@oireachtas.ie, Dominic.Hannigan@oireachtas.ie, Donie.Cassidy@oireachtas.ie, eamon.gilmore@oireachtas.ie, eamon.scanlon@oireachtas.ie, emmet.stagg@oireachtas.ie, enda.kenny@oireachtas.ie, Eoghan.Harris@oireachtas.ie, Eugene.Regan@oireachtas.ie, Feargal.Quinn@oireachtas.ie, fergus.odowd@oireachtas.ie, Fidelma.Healy.Eames@oireachtas.ie, finian.mcgrath@oireachtas.ie, Fiona.OMalley@oireachtas.ie, Frances.Fitzgerald@oireachtas.ie, Francis.OBrien@oireachtas.ie, frank.fahey@oireachtas.ie, frank.feighan@oireachtas.ie, Geraldine.Feeney@oireachtas.ie, Ivana.Bacik@oireachtas.ie, Ivor.Callely@oireachtas.ie, jack.wall@oireachtas.ie, Jackie.Healy.Rae@oireachtas.ie, james.bannon@oireachtas.ie, james.reilly@oireachtas.ie, jan.osullivan@oireachtas.ie, jdeenihan@eircom.net, Jerry.Buttimer@oireachtas.ie, jim.mcdaid@oireachtas.ie, Jim.Walsh@oireachtas.ie, jimmy.devins@oireachtas.ie, joan.burton@oireachtas.ie, joanna.tuffy@oireachtas.ie, joe.behan@oireachtas.ie, joe.carey@oireachtas.ie, joe.costello@oireachtas.ie, joe.mchugh@oireachtas.ie, Joe.OReilly@oireachtas.ie, john.browne@oireachtas.ie, John.Carty@oireachtas.ie, john.cregan@oireachtas.ie, john.curran@oireachtas.ie, john.deasy@oireachtas.ie, John.Ellis@oireachtas.ie, john.gormley@oireachtas.ie, John.Hanafin@oireachtas.ie, john.mcguinness@oireachtas.ie, john.moloney@oireachtas.ie, john.odonoghue@oireachtas.ie, john.omahony@oireachtas.ie, john.perry@oireachtas.ie, johnny.brady@oireachtas.ie, JohnPaul.Phelan@oireachtas.ie, jotoole@oireachtas.ie, kathleen.lynch@oireachtas.ie, kieran.odonnell@oireachtas.ie, Kieran.Phelan@oireachtas.ie, Labhras.OMurchu@oireachtas.ie, Larry.Butler@oireachtas.ie, leo.varadkar@oireachtas.ie, Liam.Twomey@oireachtas.ie, Lisa.McDonald@oireachtas.ie, liz.mcmanus@oireachtas.ie, lucinda.creighton@oireachtas.ie, maire.hoctor@oireachtas.ie, Marc.MacSharry@oireachtas.ie, margaret.conlon@oireachtas.ie, Maria.Corrigan@oireachtas.ie, Mark.Daly@oireachtas.ie, Martin.Brady@oireachtas.ie, martin.ferris@oireachtas.ie, martin.mansergh@oireachtas.ie, mary.orourke@oireachtas.ie, mary.upton@oireachtas.ie, mary_wallace@health.irlgov.ie, marya.white@oireachtas.ie, MaryM.White@oireachtas.ie, mattie.mcgrath@oireachtas.ie, Maurice.Cummins@oireachtas.ie, michael.ahern@oireachtas.ie, michael.creed@oireachtas.ie, michael.darcy@oireachtas.ie, michael.finneran@oireachtas.ie, michael.fitzpatrick@oireachtas.ie, michael.higgins@oireachtas.ie, michael.kennedy@oireachtas.ie, michael.kitt@oireachtas.ie, michael.lowry@oireachtas.ie, Michael.McCarthy@oireachtas.ie, michael.mcgrath@oireachtas.ie, michael.moynihan.td@oireachtas.ie, michael.mulcahy@oireachtas.ie, michael.noonan@oireachtas.ie, michael.ring@oireachtas.ie, michael.woods@oireachtas.ie, mj.nolan@oireachtas.ie, ned.okeeffe@oireachtas.ie, Ned.OSullivan@oireachtas.ie, niall.blaney@oireachtas.ie, niall.collins@oireachtas.ie, Nicky.McFadden@oireachtas.ie, noel.ahern@oireachtas.ie, noel.coonan@oireachtas.ie, noel.grealish@oireachtas.ie, noel.oflynn@oireachtas.ie, noel.treacy@oireachtas.ie, ocaolain@oireachtas.ie, olivia.mitchell@oireachtas.ie, olwyn.enright@oireachtas.ie, Paddy.Burke@oireachtas.ie, padraic.mccormack@oireachtas.ie, Paschal.Donohoe@oireachtas.ie, pat.breen@oireachtas.ie, PAT.MOYLAN@oireachtas.ie, pat.rabbitte@oireachtas.ie, patthecope.gallagher@oireachtas.ie, Paudie.Coffey@oireachtas.ie, Paul.Bradford@oireachtas.ie, Paul.Coghlan@oireachtas.ie, paul.connaughton@oireachtas.ie, paul.gogarty@oireachtas.ie, paul.kehoe@oireachtas.ie, Pearse.Doherty@oireachtas.ie, Peter.Callanan@oireachtas.ie, peter.kelly@oireachtas.ie, peter.power@oireachtas.ie, 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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.







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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 Governance and ARUP. More Docklands Developers Autocracy Rot?

What will N.Brennan do about Arup's cross-directorship with the Developers Autocracy?

A cosmetic resignation from DDDA or Ulster Bank does not suffice to disable the perception of an old-boy network nor the damage to international perceptions.

• N. O’Sullivan is a director of Arup.
• N. O’Sullivan is a director of the DDDA.
• Arup claims DDDA's glass bottle site is fit for humans.

How will N.Brennan educate the taxpayers about perceptions of DDDA credibiity or of Arup's "independence" now Arup is paid to pronounce on pollution at speculators' sites in Poolbeg?


Paid-for Arup Spin on €450 Million Ringsend Glass Bottle Site
Outstanding spin from Arup seems to claim the Ringsend Glass Bottle site lands are in “a satisfactory state” and that space created under(!) car-parking spaces and other services would “create a wide and ventilated physical barrier between polluted lands and the future habitable spaces of the new development“.

Unpaid Expert Opinion
Former EPA expert Malcolm Doak warned that 30 per cent methane gas levels exist on the lands and that “a significant gas risk still remains on-site”.

Paid-for Arup Spin on €350 Million Poolbeg Incinerator
Arup said the environmental impact statement found the Poolbeg waste-to-toxins incinerator would not significantly impact the environment and "no residual negative impacts are anticipated" from the construction or operation of the plant.

Unpaid Expert Opinion
Prof Staines, a medical doctor and academic, said it was "at best careless, and more realistically reckless, to proceed with a major development without considering methods of minimising harm and maximising benefits to the local community" and said the execution of a Health Impact Statement on such projects was common practice internationally.

In relation to the environmental impact statement, undertaken by Arup Consulting Engineers on behalf of the council, Prof Staines claimed that "in no case is there any serious consideration of the actual impacts of the estimated emissions on people in the local community or on human health".

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DDDDA has been a poster boy for rampant multi-dimensional conflicts-of-interest. Ex: Seanie and Lar at the Glass Bottle site.

DDDA's newest chairman, N.Brennan, is spun as a governance expert by advertising dependent newspapers. N.Brennan was appointed by Mr J Gormley in a closed-door recruitment process. N.Brennan was a director for Ulster bank when it financed Zoe Developments large Fabrizia site on Sandymount Strand (Zoe now has a negative net value of -€900,000,000, plus or minus an acre of occupied public footpath).

How can Arup not anticipate any negative impacts given operator Covanta's curious record?

The Seanie & Lar culture at DDDA-Anglo was the catalyst for the €490,000,000,000 banker bailout and the proving ground for NAMA's €90,000,000,000 developer bailout. Is there any pattern which shows the rampant multi-dimensional conflicts of interest at the €450,000,000 Glass Bottle site will not be repeated at NAMA?

• Both NAMA and DDDA combine closed-door autocratic control over planning permits.
• Both NAMA and DDDA have the same executive sponsors - the Galway Tent cartel.
• NAMA adds closed-door political distortion of property markets for the next 30 years (in violation of core EU Competition Principles).

See also: http://www.irishtimes.com/newspaper/ireland/2009/0801/1224251858397.html

Dublin Docklands Developers Autocracy Pulls A Stroke (DDDA)?

It's Galway Race Week. The Galway Tent is still in action, safely offshored in Manchester, England.

Is this PR stunt of a Developers Autocracy (DDDA) chief 'resigning' just another scam ? Surely Anglo-Irish has no more bananas for the training of the DDDA monkeys?

If N. Brennan has integrity as a 'governance expert' then perhaps the public employee should recommend shutting down DDDA entirely in the national interest.

The recession ended on Thursday in Wall Street, so investors will be on the move, perhaps even looking at Dublin.

------
PS: Google is still paying rent to Zoe Developments inside the 'docklands' but guess who pays for the Developer Autocracy chief's payoff. "Developers"? Or hospital operating theatres in Crumlin?

NAMA SAVES SPECULATORS.
Estate Agent: Mr. Gormley's Fianna Fail.
Bank: Anglo-Irish Bank
Funds: New Property Taxes
Planning: DDDA
Jobs Fired: 300
Press: N.Brennan

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.





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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