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DonÕt hold your breath for banking inquiry to uncover any shocking insight into crisis

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Date Published: 15-May-2013

 Someone who is 28 now would have been twelve when the Moriarty and Mahon Tribunals of Inquiry began their work in 1997. And unless they were complete political junkies from the age of dot, they would have been unaware of the circumstances that gave rise to the inquiries, and would have had little interest in the proceedings through their teenage years.

By the time both Tribunals finally reported after many years, that person would have been past the mid-point of their twenties and reading (if they bothered) about events that were historical, that involved people who were prominent before they were born, some of whom were dead.

Tribunals by their very nature with their snail-like procedures (and frightful costs) make a mockery of the notion that they are inquiring into an urgent matter of public interest (which is what they are supposed to do).

This week, the Government gave the go-ahead for legislation that will allow a parliamentary inquiry into the banking crisis of 2008, the circumstances that led up to it, and the response of the authorities to the events that unfolded over the following two years.

All things being equal, and with a fair wind, the legislation may be enacted by the end of the year. The Oireachtas itself (through the Ceann Comhairle and the Committee on Procedure and Privileges) will have the power to set up the inquiry. But there are a lot of procedural hoops that will have to be overcome all of which will delay the start.

My guesstimate is that the earliest it can kick off with public hearings is late next year. And my tuppence worth is if it starts in late 2014, it’s going to have two major flaws – the first is that it has all taken too long and it will be falling into the same ‘historical’ trap as the tribunals; the second is that it will be so close to the next general election that the investigation will invariably become political.

So what are the hoops and possible delays? Well it’s taken an awful long time and that’s partly the Government’s fault and partly because of the botched referendum in October 2011, which was also the Government’s fault in a way.

Ireland was not the only country which witnessed spectacular collapses of banks and financial institutions.

We looked with envy at the US and at Britain where within months full-blown parliamentary inquiries had been held and the chief executives of failed banks were put through the ringer, particularly by the extraordinary scalpel-like Henry Waxman, who chaired the US Senate hearings into the collapse of Lehman Brothers and others.

Another example that was held up to show how shamateurish we were was the very quick prosecution and conviction of Bernie Madoff in New York.

But that’s not a direct comparison because Madoff was an out-and-out con artist who ran a Ponzi scheme which collapsed when his bank ran dry of gullible investors because of the financial collapse. It was a straightforward case.

Culpability, if there was any, in Irish banks was a horse of a different colour – much more complicated, much less apparent. The nearest comparitors were the heads of the collapsed banks in the US and in the UK. All were disgraced but how many were convicted? Zero, unless I’m mistaken.

Parliamentary inquiries haven’t been a reality in Ireland for almost two decades. They came to an unceremonious stop when the High Court ruled that a parliamentary inquiry into the shooting by Gardaí of John Carty in Longford had exceeded its powers.

Carty had mental problems and had holed himself in his family home with a shotgun. He was shot after emerging from the house with the shotgun in his hand and after being challenged by Gardaí.

For more, read this week’s Connacht Tribune.

Galway in Days Gone By

The way we were – Protecting archives of our past

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A photo of Galway city centre from the county council's archives

People’s living conditions less than 100 years ago were frightening. We have come a long way. We talk about water charges today, but back then the local District Councils were erecting pumps for local communities and the lovely town of Mountbellew, according to Council minutes, had open sewers,” says Galway County Council archivist Patria McWalter.

Patria believes we “need to take pride in our history, and we should take the same pride in our historical records as we do in our built heritage”. When you see the wealth of material in her care, this belief makes sense.

She is in charge of caring for the rich collection of administrative records owned by Galway County Council and says “these records are as much part of our history as the Rock of Cashel is. They document our lives and our ancestors’ lives. And nobody can plan for the future unless you learn from the past, what worked and what didn’t”.

Archivists and librarians are often unfairly regarded as being dry, academic types, but that’s certainly not true of Patria. Her enthusiasm is infectious as she turns the pages of several minute books from Galway’s Rural District Councils, all of them at least 100 years old.

Part of her role involved cataloguing all the records of the Councils – Ballinasloe, Clifden, Galway, Gort, Loughrea, Mountbellew, Portumna and Tuam. These records mostly consisted of minutes of various meetings.

When she was cataloguing them she realised their worth to local historians and researchers, so she decided to compile a guide to their content. The result is For the Record: The Archives of Galway’s Rural District Councils, which will be a valuable asset to anybody with an interest in history.

Many representatives on these Councils were local personalities and several were arrested during the political upheaval of the era, she explains.

And, ushering in a new era in history, women were allowed to sit on these Rural District Councils – at the time they were not allowed to sit on County Councils.

All of this information is included in Patria’s introductory essay to the attractively produced A4 size guide, which gives a glimpse into how these Rural Councils operated and the way political thinking changed in Ireland during a short 26-year period. In the early 1900s, these Councils supported Home Rule, but by 1920, they were calling for full independence and refusing to recognise the British administration.

“I love the tone,” says Patria of the minutes from meetings. “The language was very emotive.”

That was certainly true of the Gort Rural District Council. At a meeting in 1907, following riots in Dublin at the premiere of JM Synge’s play, The Playboy of the Western World the councillors’ response was vehement. They recorded their decision to “protest most emphatically against the libellous comedy, The Playboy of the Western World, that was belched forth during the past week in the Abbey Theatre, Dublin, under the fostering care of Lady Gregory and Mr Yeats. We congratulate the good people of Dublin in howling down the gross buffoonery and immoral suggestions that are scattered throughout this scandalous performance.

 

For more from the archives see this week’s Tribunes here

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Archive News

Galway have lot to ponder in poor show

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Date Published: 23-Jan-2013

SLIGO 0-9

GALWAY 1-4

FRANK FARRAGHER IN ENNISCRONE

GALWAY’S first serious examination of the 2013 season rather disturbingly ended with a rating well below the 40% pass mark at the idyllic, if rather Siberian, seaside setting of Enniscrone on Sunday last.

The defeat cost Galway a place in the FBD League Final against Leitrim and also put a fair dent on their confidence shield for the bigger tests that lie ahead in February.

There was no fluke element in this success by an understrength Sligo side and by the time Leitrim referee, Frank Flynn, sounded the final whistle, there wasn’t a perished soul in the crowd of about 500 who could question the justice of the outcome.

It is only pre-season and last Sunday’s blast of dry polar winds did remind everyone that this is far from summer football, but make no mistake about it, the match did lay down some very worrying markers for Galway following a couple of victories over below par third level college teams.

Galway did start the game quite positively, leading by four points at the end of a first quarter when they missed as much more, but when Sligo stepped up the tempo of the game in the 10 minutes before half-time, the maroon resistance crumbled with frightening rapidity.

Some of the statistics of the match make for grim perusal. Over the course of the hour, Galway only scored two points from play and they went through a 52 minute period of the match, without raising a white flag – admittedly a late rally did bring them close to a draw but that would have been very rough justice on Sligo.

Sligo were backable at 9/4 coming into this match, the odds being stretched with the ‘missing list’ on Kevin Walsh’s team sheet – Adrian Marren, Stephen Coen, Tony Taylor, Ross Donovan, David Kelly, David Maye, Johnny Davey and Eamon O’Hara, were all marked absent for a variety of reasons.

Walsh has his Sligo side well schooled in the high intensity, close quarters type of football, and the harder Galway tried to go through the short game channels, the more the home side bottled them up.

Galway badly needed to find some variety in their attacking strategy and maybe there is a lot to be said for the traditional Meath style of giving long, quick ball to a full forward line with a big target man on the edge of the square – given Paul Conroy’s prowess close to goal last season, maybe it is time to ‘settle’ on a few basics.

Defensively, Galway were reasonably solid with Gary Sice at centre back probably their best player – he was one of the few men in maroon to deliver decent long ball deep into the attacking zone – while Finian Hanley, Conor Costello and Gary O’Donnell also kept things tight.

For more, read this week’s Connacht Tribune.

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Archive News

Mervue United advance to the quarter-finals of U-17 FAI Cup

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Date Published: 29-Jan-2013

On a weekend when the vast majority of the action fell by the wayside due to the inclement weather, Mervue United U-17 struck late to snatch a winner in Donegal as they qualified for the last eight of the FAI U-17 Cup following a success over Swilly Rovers.

Local League action saw just three games survive as OLBC notched a second half winner to defeat Hibernians to move into third position in the Premier League.

In the lower Divisions, table toppers Mervue United B and Moyne Villa continued on their merry ways with away wins over Bohemians and Naomh Briocain.

Swilly Rovers 0

Mervue United 1

In a game that was switched to a playable pitch in Fanad, Mervue United took a long time to assert their authority before striking late to give the home side no chance to respond.

The 89th minute winner was created by an Andrew Connolly flick on following a Ryan Manning thrown in and Schoolboy International Conor Melody made space for himself in the box before firing past Caolan Bolton.

It was no less than the visitors deserved against a young home side, but they had to work extremely hard for their victory.

While Anthoine O’Laoi missed a good first half opportunity, just a long range Manning free kick tested Bolton otherwise. Substitute John Migel Soler almost made an instant impact on the resumption, but was denied by a smart save.

Connolly, O’Laoi and Paul Healy all threatened a break though for the visitors, before a fine-tuned Melody eventually saved the day and secured the Mervue passage.

Mervue United: P Healy, Barry, Bailey, P Healy, Carroll, Melody, Assagbo, Manning, Cunningham (Soler), Connolly, O’Laoi.

For more, read this week’s Connacht Sentinel.

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