Donie Cassidy (Fianna Fail): Senators Fitzgerald, Coghlan, Quinn and Norris congratulated the Jekyll and Hyde foundation for the wonderful work it is doing. Senator Fitzgerald outlined the huge difference between the cost of the services being provided by the foundation and those provided by the HSE. It is something we must examine—–

Frances Fitzgerald (Fine Gael): It is the Jack and Jill Children’s Foundation.

Dominic Hannigan (Labour): Jekyll and Hyde is something different.

Donie Cassidy (Fianna Fail): My apologies. It is the Jack and Jill Children’s Foundation….

Your tax euros hard at work there.

I made the point earlier to Senator Dan Boyle (who is said to have offered his resignation over the inquiry). I tweeted to him: “…forgive my cynicism then. Will I see TV pictures of our leaders for the past 12 years being held to account for their decisions?”

To which he replied:

Brian Cowen, at least, is a start. But Bertie Ahern, being the Taoiseach who oversaw the entire period would be another must see. And Messrs McCreevy (Finance), Cullen, Dempsey, Roche and Gormley (Environment) would be others. As I said to Mr Boyle, accountability behind closed doors is not accountability. Accountability must be seen to be done, a bit like justice. Getting a report at the end of a process is not enough.

But then accountability seems to be a rather novel concept to most of our politicians.

[cross posted to thestory.ie]

For now I have not ‘cleaned’ the data, ie I have not removed spaces and extra sentences that are not needed for the purposes of better presentation. The document is ‘as
is’ and is based on PDFs which have been imported into Google spreadsheets.

Enterprise Ireland grants 2005 – 2008

You can view each year of data by clicking the respective year at the bottom of the spreadsheet.

[cross posted to thestory.ie]

Last month I put an FOI request in with the Department of the Taoiseach for the following:

(1) All transcripts of public sittings of the Moriarty Tribunal from its inception to the date on which this request is received.
(2) The contract for transcription services and a breakdown of fees charged for transcription services.
(3) The breakdown of fees for the maintenance and building of the Moriarty Tribunal website, and the contract for this.

Today I received the reply. I had to read it twice to let it sink in.

Moriarty reply

I can, in some way, live with the fact that the taxpayer spent the bones of €1 million on transcription fees since the inception of the Tribunal in 1998. But I cannot fathom how a) the transcripts are not available online and b) that I have to pay (again) to see the transcripts of the Tribunal and c) that Doyle Court Reports retains copyright on transcripts of public sittings of a Tribunal of Inquiry setup by the Department and paid for by the Irish people.

I called Doyle Court Reporters this morning and they were very courteous and helpful. I asked for a quote as to how much I would have to pay for digital (.doc) copies of all 370 days of public sittings of the Moriarty Tribunal. They called me back a short time later, stating that for all days the cost would be €16,600 @ €45 per day. But if I was bulk buying they would be prepared to offer a discount of 25%.

I did suggest to DCR that since the public had already paid nearly €1 million for the transcripts, it seems a little odd that I would, as a citizen, have to fork out another €16,600 to get copies of the transcripts. DCR were again courteous and helpful, and suggested I speak with the Moriarty Tribunal.

I then called the Moriarty Tribunal, where I spoke with the registrar, Siobhan Hayes. First I asked if the Tribunal had copies of all transcripts, to which the answer was yes. Are these subject to FOI I then asked… to which she eventually replied no, and that copyright was with DCR. I then asked why other Tribunals, such as Mahon and Morris, had published transcripts on their websites, and Moriarty ones were unavailable. I was told that the original agreement was that copyright would stay with DCR, and that was the way it was. I then asked for a copy of the contract or agreement between the Tribunal and DCR in relation to stenography services. Siobhan said she would get back to me on this issue.

Of course a couple of questions arise. First is whether the Department of the Taoiseach does hold the transcripts, but simply pointed me in the direction of Doyle Court Reporters for copies of them. Second is how, exactly, copyright on transcripts of a public sitting of a Tribunal applies.

Third, and most importantly, is why the transcripts are unavailable for public consumption as a matter of public record. These are historically important transcripts containing the sworn evidence of former Taoisigh including Charles Haughey and Bertie Ahern, as well as other former senior ministers, civil servants and businessmen, all in relation to extremely serious issues of public concern. Indeed when a Tribunal is established it is invariably included in the Terms of Reference that it concerns “definite matters of urgent public importance”.

Yet in relation to a matter of urgent public importance, for a Tribunal that is shortly to issue its second and final report, I can’t see who said what in relation to anything on any given day, whatsoever.

Mad, isn’t it?

Related post:
Morris transcript FOI

I will emphasise his conclusion:

Despite having pushed the Irish state close to, and quite possibly beyond, the limits ofits fiscal capacity with the NAMA scheme, the Irish banks remain as zombies whose only priority is to reduce their debt, and who face complete destruction from mortgage losses. The issue therefore is not whether the Irish bank bailout will restore the Irish banks sothat they can function as independent commercial entities: it cannot. Rather it is whether the Irish government’s commitments to bank bond holders when added to its existing spend-ing commitments, will overwhelm the fiscal capacity of the Irish state, forcing outside entities such as the IMF and EU to intervene and impose a resolution on the Irish banking system.

The Irish Credit Bubble (UCD)

[cross posted to thestory.ie]

August 22, 2005 Toothless IFSRA
August 25, 2005 Allied Irish Banks investigates itself
September 28, 2005 Banana Republic
October 10, 2005 Irish/Italian accountability
November 15, 2005 The sheriff is not for the good guys
December 13, 2005 Irish (Banks) Mafia
December 23, 2005 Legal actions, dodgy dealings and resignations
January 9, 2006 The (Irish financial) Wild West Show
March 24, 2006 Still waiting for law enforcement
March 26, 2006 Former AIB executives settle with Revenue for €323,313
June 7, 2006 Ireland – The Wild West of European finance

August 1, 2006 Irish Financial Regulator – Bizarre and toothless
August 2, 2006 Rampant corruption – rampant profits
September 28, 2006 A corrupt state
October 13, 2006 Bank robbers and bank robbers
December 12, 2006 Failing to make connections
December 14, 2006 Maintaining the illusion
January 23, 2007 State contempt for consumers
March 20, 2007 Irish Financial Regulator – Betraying the consumer
April 4, 2007 The Financial Regulator, banks and credit unions
April 25, 2007 Insider watchdog
May 3, 2007 It’s all in the mind
June 17, 2007 AIB: Still ripping off customers with impunity
June 13, 2007 Man of steel turns to straw
August 23, 2007 A corrupt and secretive financial market
August 21, 2007 Dublin – A conduit for dodgy deals?
August 27, 2007 Dublin operation – A sloppily-run pig sty

And that’s just the first two years of blog posts. Never let anyone tell you that no one could have seen what was coming.

First up, Simon Carswell, via FoI:

THE INTERNATIONAL Monetary Fund (IMF) told the Government that the definition of “long-term economic value” on bank loans in the draft Nama Bill was “masterful” as it was “sufficiently specific” and “sufficiently vague” to allow “appropriate flexibility”.

Steven Seelig, an adviser at the IMF, made the comments in an e-mailed response to a request by the Department of Finance for his opinion on the draft National Asset Management Agency Bill published last August.

“It is both sufficiently specific and sufficiently vague to allow appropriate flexibility. I hope you can retain this language,” said Mr Seelig, an expert on “bad banks”, in a private e-mail to department officials sent on August 25th.

The e-mail was among records released to The Irish Times under the Freedom of Information Act relating to representations made to the department on Nama.

And Laura Slattery, also via FoI:

THE NATIONAL Asset Management Agency (Nama) should be required to register with the Land Registry or the Registry of Deeds, Minister for Finance Brian Lenihan has been advised.

In correspondence released to The Irish Times under the Freedom of Information Act, the Law Society of Ireland and the Property Registration Authority both expressed concern about the exemption for Nama assets to register in the Land Registry or the Registry of Deeds.

The society wrote to Mr Lenihan in September to say “normal conveyancing practice” should not be disrupted by Nama and that the agency should be required to register its interest in a land bank or property title.

The Property Registration Authority said the exemption for Nama assets to register “would appear to run counter to public policy and the necessity of transparency and reliability in land registers”.

Registration on a State register “provides clarity and certainty”, John Coleman, chairman of the Property Registration Authority, wrote to the Department of Finance. Other letters written to Mr Lenihan expressing concerns about the workings of Nama included a note from Bernard Allen TD, chairman of the Committee of Public Accounts.

I will be seeking copies of these FoI in my own future FoIs.

I will post the document first and tell the story below, it’s worth a look. The information contained in this FOI, is I believe, valuable.

Cost-benefit analyses, impact reports or preparatory reports for NAMA

Why is this information valuable? It contains a timeline of what companies were involved in consulting the Government on the formation of NAMA, and gives us insight into the process. It also contains previously unknown titles, such as HSBC’s “Project Neo”. This is likely relates to the rumoured formation of a “New Anglo Irish Bank” in 2010. And it gives us an idea as to the level of involvement of Merrill, Arthur Cox, Rotschilds, PwC and HSBC.

The background:

A little bit of a saga ended today, finally. It is worth noting the dates involved in this request.

On August 17 I sought the following information from the Department of Finance:

1) A list of all cost-benefit analyses, impact reports or preparatory reports that have been carried out by the Department in relation to the proposed National Asset Management Agency (NAMA). Please can you list the title of the document, its date, and by whom it was written.

2) A list of all cost-benefit analyses, impact reports, or preparatory reports that have been carried out by people or companies working on behalf of, or at the request of the Department, in relation to the proposed National Asset Management Agency (NAMA). Please can you list the title of the document, its date, and by whom it was written.

I received my acknowledgment as standard, which was followed up with an email. The email said it was unlikely my request would be successful but if I wanted, I could be given information outside of my request. I went along with this and it resulted in this blog post on September 30. That’s in and around the 20 day limit under the Act.

But I didn’t feel the information provided was sufficient, and I always wanted information should my request be refused. So I said I still wanted to proceed with my original request. The Department then took the date of my re-request as the initial date, thus giving them another 20 working days. This brought the result of the request into early November, despite an initial request in August.

Numerous emails were sent, and replied to. The civil servants involved were “busy” with NAMA and it was taking longer than normal to reply to my request. Last week I had enough, and wrote an email seeking an internal review as my request was now a deemed refusal since the 20 day limit had expired. Today, December 8, nearly four months later, I got the reply.

Why is drumcondra so important to you?
Con Ahern, he’s a fascinating character..?
What is a flying column?
How did he keep order in his house?
He would give you the odd thump?
Were you afraid of him?
You liked him?
Who do you think you were most like, your mum or your dad?
She died in the middle of the good friday negotiations?
In the meantime you did slip into the hospital…?
What impact did it have?
How would the other boys have seen you? they called you a culchie?
So you were a fighter? Were you in alot of scrapes? Would you use your fists?
Did anyone ever get the better of you?
Do you need as a leader to be ruthless to succeed?

There’s a great piece in your book were you say you could be tough if you had to be…
What did you mean by that? Every trick in the book?
Was Haughey ruthless?
You liked him?
DId you see him doing anything that was wrong?
Why did you take it from him?
Was Albert tough?
You were disappointed at how Lenihan supported you in the end?
What were they saying?
What did they say to you?

There’s a loyalty in Miriam, I didnt deserve it?
You did find love again with Celia Larkin?
What was so special about Celia? Describe her, in your words.
What breaks your heart now about the absence of Celia in your life?
Why did it break up Bertie?
You ruled out getting married?
The Mahon tribunal… are you worried about that?
Would you be upset if they did come out with a finding like that?
You have a clean conscience on it…
You believe someone out there was trying to bury you…?
Who is the real Bertie Ahern?
Are you very self disciplined?
Was it worth it all?

I don’t think I can add anything to that.

I am back from Barcelona… and so many projects will hopefully come to fruition as a result of attending PDF Europe.

And I didn’t bring my camera. D’oh.

I was interested in some FOI work that Deputy Joan Burton had been doing lately on Anglo Irish Bank, so I contacted her and asked for any documents or refusals she had received. She was kind enough to copy everything and post them down to me. I have now scanned and OCRd the documentation.

First up is Ireland’s notification to the European Commission surrounding the injection of €1.5bn of capital into the bank. It runs to over 50 pages and contains some curious stuff. Many of the handwritten notes are I believe by Deputy Burton herself, or her staff. But there are other curious oddities, some of which are highlighted.

Firstly the document appears to have been poorly redacted. There are strikethroughs throughout the document with notes afterwards such as “[Confidential - commercially sensitive][Department to confirm]“. What appears to have happened is that a draft of the document was released, rather than a redacted version. The draft contains the internal notes around what should or should not be redacted. One gem (and this is dated January 2008) is “Anglo Irish Bank is considered a fundamentally sound institution”. With a note beside saying it might be “commercially sensitive” to say so.

Not alone that, but further down it says (with a line through it)

The assessment by Merrill Lynch supports the position that Anglo Irish Bank is fundamentally sound.[Confidential - commercially sensitive][Department to confirm]

Another gem which was marked for redaction, marking points arguing in favour of capital injection:

The assessment that there was a low likelihood that Anglo Irish Bank would be successful in raising additional equity from existing shareholders and new private investors Confidential – commercially sensitive][Department to confirm]

Also this very interesting paragraph around future planning:

As noted above, on account of Anglo Irish Bank’s specific business model, which is specialised in commercial property lending and property development finance, not all of the elements of the agreed credit package will directly impact on Anglo Irish Bank, at least initially. However, given the envisaged future changes in the Bank’s business model and strategic direction under its restructuring plan, it is anticipated that in time further elements of the credit package will become applicable to Anglo Irish Bank accordingly [Confidential —commercially sensitive for Anglo Irish Bank] [Department to confirm]

Finally, there is this further reference to Anglo’s future:

On account of Anglo Irish Bank’s specific business model, which is specialised in commercial property lending and property development finance, not all of the elements of the agreed credit package will directly impact on Anglo Irish Bank, at least initially. However, given the requirement to prepare a restructuring plan within a six month period as part of the recapitalisation initiative, future changes in the business model and strategic direction of Anglo Irish Bank are likely to bring about a closer alignment between the lending activities of the Bank and the credit needs of the real economy. As a result it is anticipated that in-time further elements of the credit package will become applicable to Anglo Irish Bank accordingly. [Confidential - business secret] [Department to confirm].

Of course questions need to be asked. This document is dated January 8. The Government already had the PwC reports into Anglo and must have had some idea of the scale of the problems at the bank. Yet Merrill was still claiming Anglo was fundamentally sound just a week before the bank was nationalised. Not alone that, all references to the bank being fundamentally sound were marked for redaction.

There is one final section that sums up the entire sorry mess:

Anglo Irish Bank is a focused business bank with a private banking arm. The Bank provides business banking, treasury and wealth/management services. It is not a universal bank and its stated strategy is niche rather than broad market. Each of its customers deals directly with a dedicated relationship manager and a product specialist.

Yet in the same breath we are told the Anglo is of systemic importance. So which is it?

Ireland’s note to the Commission [PDF]

Once we got to Antioch it became clear that the onward bus to Aleppo would be a problem – it wasn’t leaving until the next day. There was another bus to Damascus but it was full. So we stayed the night in Antioch and had a look round. It’s not exactly a tourist city but we did walk a kilometre or two to St Peter’s grotto, arguably the first church in the world.

I took a few pictures inside the grotto, and the view of Antioch from the grotto:

We actually stayed in the bus station, but in a room that cost us 15 quid, and as it turned out was actually fine for our purposes. We also ended up going out in Antioch for some beers, chatting to some locals in broken English, and getting back to the bus station to smoke shish with the lads there. Interesting conversations all round.

The following morning it was off to Aleppo by bus, through the mountains, across the Syrian border (no issues, and all very friendly and professional). Very few people on our bus either, so the half Turkish half Syrian guide chatted to us for 30 mins about Turkey joining the European Union and helping us with our currency conversions.

Once we got to Aleppo we were dropped at the bus station and had to navigate the rather complex streets to get to our hotel (crossing the street is a bit like playing frogger, no one stops unless they have to). The hotel is lovely, inexpensive, and they have two pet terapins in the lobby, who wander around as you drink your tea.

Aleppo is a bustling city and we walked some of the enormous maze of Souks, up to the citadel, taking some pictures, and having more tea and coffee. On our way back through the souq we stopped at a bath, getting the full washdown and massage (no sniggering!).

We then strolled up the the famous Baron Hotel, where Agatha Christie wrote Murder on the Orient Express, and had some beer and Lebanese wine.

All in all Aleppo feels safe, people are friendly and helpful, and everything is very very cheap. A meal today at a nice Syrian restaurant, away from the tourist traps, came to about €20 – with two beers, three main courses, starters and dessert.

Some pics from Aleppo:

The citadel:

Christian quarter:

Baron Hotel: