" A wealth of information..."

"1169 And Counting is a wealth of information on our Republican past and present , and demonstrates how the Irish political landscape , like that of any nation, will never be a black and white issue..."

(From the ‘e-Thursday’ section of the ‘Business Week’ supplement of the ‘Irish Independent’ , 21st August 2008.)



This blog was listed as one of the 'Finalists' in the '2016 current affairs/politics' category of the Littlewoods Ireland blog awards - but we didn't win the award. But not to worry -thanks to everyone involved for getting us to the final stage of the competition and sure we'll try again the next time!

Saturday, October 07, 2006

Charles Haughey and Dermot Desmond - solving world problems.....


As we in this corrupt wee Statelet lurch from one potential/possible/probable political scandal to another , it is only fitting that we take a look back at previous potential/possible/probable political scandals :

When he was State Minister for Energy, Fianna Fail's Michael Smith agreed to hire NCB Stockbrokers to sell off the 25% of Tara Mines which the State owned : NCB's fee of £530,000 was also agreed on .
A Senior Executive at Morgan Grenfell , one of the top two British merchant banks , said at the time - " The fee was definitely very high . NCB got 1.5% for what was a straight-forward deal ." An executive at Kleinworths , another of London's top merchant banks , said at the time - " It is hard , looking at the deal , to see how NCB could get the fee - £250,000 would have been more like it ."

It should be noted that the sale of Tara Mines was not put out to tender , and that NCB's founder and then Chairperson was Dermot Desmond who , at the time , also acted as an 'Adviser' on economic and financial matters to Charles Haughey .
Coincidence , of course : as such , we would like to apologise for our misleading 'potential/possible/probable...' comment of earlier on . This blog will , hopefully, publish as usual on Monday October 9 - we are heading off now on our flying pigs for a little break.......