AmericanKabuki – The Irish Banking Revolution – 19 October 2013

Thanks to Riana, Mac Domhnaill and G.D. for keeping

me informed of what’s going on in Ireland. -Bill

Published on Oct 16, 2013

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Billions given unlawfully to insolvent banks, court hears
Joan Collins is challenging the Government’s promissory note payments

http://www.irishtimes.com/news/crime-and-law/billions-given-unlawfully-to-insolvent-banks-court-hears-1.1553917

Promissory notes ‘unusual’ but not unlawful, court told

Senior official with Department of Finance gives evidence

A senior official with the Department of Finance has told the High Court that promissory notes issued in 2010 by the Minister for Finance to recapitalise Anglo Irish Bank and other institutions for some €31 billion were “unusual” instruments but not unlawful.

Ann Nolan, second secretary in the department, said it was the view of the department in 2010 that it was necessary to provide unconditional financial support to the relevant banks.

http://www.irishtimes.com/news/crime-and-law/courts/promissory-notes-unusual-but-not-unlawful-court-told-1.1555329