Welcome new followers 🙏 - the why?
Enda Kenny,
@EUCssrMcGrath all promised an Irish Banking Inquiry that would expose “reckless and outrageous” decisions, be free from political motivation and generate “new insights.”
In practice, inside that Inquiry, I saw - as explained to
@ArturNadol7566-:
🔹copious evidence withheld
🔹documents heavily redacted
🔹crucial witnesses being questioned without the relevant evidence
🔹other important witnesses excluded
🔹disabling conflicts of interest ignored
🔹lines of inquiry - particularly on liquidity & solvency - shut down
I had walkout in April 2015, waiting for protected disclosures to be reviewed - rather than risk lending my name to a managed exercise in mega damage limitation (otherwise known as a cover up of all cover ups).
However, my identity was lifted in early 2016 to sanitise a pre‑cooked narrative - along with other experts who were no longer there, with one having walked out in May 2015, in solidarity with me.
Meanwhile Dutch lawyer and whistleblower - Hester Bais
@Wftproof - please follow - was uncovering how banks across Europe were abusing OTC derivatives and collateral and masking massive collateral shortfalls, inflating balance sheets and recycling pledged assets in what she describes as a coordinated “Worst Bank Scenario” fraud, with hidden under‑collateralisation running to hundreds of billions in each major jurisdiction and trillions globally.
Bais’ findings also showed that derivatives offered to bank customers as “protection” were not being used to limit risk, but instead to make windfall profits through deception.
This mirrors activities in Ireland and across many other EU countries including the U.K. as uncovered there - by
@stevemiddi1 &
@BankConfidenti1
Non-independent judiciaries facilitated the recovery of assets by banks from defrauded victims in numerous jurisdictions.
False pleadings were also routinely filed in court, misrepresenting the banks’ activities as routine.
Separately, ordinary borrowers were subjected to systematic mortgage abuse: undisclosed restructures / recoding; mis allocation of payments, deliberate mis‑calculation of interest and arrears, strategic overcharging and manufactured defaults used to justify repossessions.
These practices were not peripheral and they sat at the heart of how banks monetised distress - yet the Inquiry’s structure and evidential constraints meant the lived realities facing small businesses and mortgage holders were sidelined, while institutional narratives were carefully curated and amplified.
Regulators allowed these activities to persist - or oversaw wholly inadequate supervision - note Ireland’s constrained Tracker Mortgage Examination.
So this systemic abuse of Irish bank customers was ongoing in parallel with the Irish Banking Inquiry - supposedly set up to confront what had happened to lead us to crisis - while actors knew the methodologies being implemented to shore up crippled balance sheets by unsuspecting customers.
The constitutional property rights of the Irish were removed, in a yet unknown covert agreement, and the effects are evident every day in our courts.
Borrowers who did not default, were grossly overcharged, duped by derivatives & in some cases still managing to offer to redeem loans - are facing paramilitary style evictions in this country.
Even where banks acknowledge that no loan document was signed - in their own paperwork- they will still aggressively enforce with judicial oversight. Forged signatures/ composite documents- can in this country still permit recovery of assets.
The risks associated with having debt and a mortgage in this country are poorly understood.