Sins of the Father (35 page)

  
74
   
The Irish Times
, 5 November 1970.

  
75
   
Ibid.
, 31 August 1971.

  
76
   
Ibid.
, 27 February 1974.

  
77
   
Ibid.
, 23 March 1993.

  
78
   Boliden website, ‘Facts and Figures’,
http://www.boliden.com/www/BolidenSE.nsf/
(accessed 9 September 2010).

  
79
   
The Irish Times
, 23 March 1993.

  
80
   Quote from Justin Keating,
Minister for Industry and Commerce
, December 1973. Quoted in
Research Section: Sinn Féin, The Great Irish Oil and Gas Robbery: A Case Study of Monopoly Capital
(Dublin, c.1975), p.27.

  
81
   
The Irish Times
, 6 February 1974.

  
82
   
Great Oil and Gas Robbery
, p.14.

  
83
   
Ibid.
, p.15;
The Irish Times
, 28 July 1977.

  
84
   
The Irish Times
, 28 July 1977.

  
85
   
Ibid.
, 8 February 1974.

  
86
   
Ibid.

  
87
   
Ibid.

  
88
   
Ibid.
, 10 April 1974.

  
89
   ‘Marathon Oil Corporation Announces Sale of Irish Subsidiary’, Press release, 17 December 2008,
http://www.marathon.com/News/Press_Releases/Press_Release/?id=1237225
(accessed 14 September 2010).

  
90
   
The Irish Times
, 28 July 1977.

  
91
   Robert Allen & Tara Jones,
Guests of the Nation: People of Ireland Versus the Multinationals
(London, 1990), p.7.

  
92
   
The Irish Times
, 7 May 1969.

  
93
   
Guests of the Nation
, p.20.

  
94
   
The Irish Times
, 7 April 1967.

  
95
   
Guests of the Nation
, p.14.

  
96
   
The Irish Times
, 27 April 1966.

  
97
   
Ibid.
, 7 April 1967.

  
98
   
Ibid.
, 12 November 1969.

  
99
   
Ibid.
, 7 April 1967.

100
   
Ibid.
, 22 February 1968.

101
   
Ibid.
, 30 October 1968.

102
   
Ibid.
, 1 October 1968.

103
   
Ibid.
, 1 November 1974.

104
   
Ibid.

105
   
Ibid.
, 13 January 1975.

106
   
Ibid.
, 10 January 1979.

107
   
Guests of the Nation
, p.22.

108
   Chris Eipper,
The Ruling Trinity: A Community Study of Church, State and Business in Ireland
(Aldershot, 1986), pp50-1.

109
   Mr Niall Crowley, Chairman of Allied Irish Banks,
The Irish Times
, 25 March 1982.

110
   National Economic and Social Council,
A Review of Industrial Policy: A Report Prepared by the Telesis Consultancy Group
(Dublin: NESC, 1983), p.3. This report is commonly referred to as the
Telesis Report
.

111
   
The Irish Times
, 19 May 1980.

112
   
Ibid.

113
   
Telesis Report
, p.3.

114
   
Ibid.
, p.26.

115
   
Ibid.
, p.12.

116
   
Ibid.

117
   
Ibid.

118
   
Ibid.
, p.15.

119
   
Ibid.
, p.16.

120
   
Ibid.

    
1
   
The Irish Times
, 14 February 1987.

    
2
   
Dáil Report
, 3 February 1926, Vol.14, paragraph 325.

    
3
   Originally there were eight members, but they were later joined by Mr J.L. Lynd of the Department of Finance. See
The Irish Times
, 4 February 1926; 22 January 1927.

    
4
   
Dáil Report
, 12 February 1926, Vol.14, paragraph 844.

    
5
   
Dáil Report
, 24 February 1926, Vol.14, paragraph 1,042.

    
6
   
Dáil Report
, 24 February 1926, Vol.14, paragraph 1,050.

    
7
   
The Irish Times
, 15 February 1926.

    
8
   
Ibid.
, 24 April 1926.

    
9
   
Ibid.
, 22 January 1927.

  
10
   
Ibid.
, 22 January 1927. This edition contained a reprint of the main report and all quotes relating to the report are from this source.

  
11
   
Ibid.
, 3 October 1931.

  
12
   
Ibid.
, 27 October 1934.

  
13
   
Ibid.
, 9 August 1938.

  
14
   
Ibid.
, 8 August 1938.

  
15
   
Dáil Report
, 7 July 1939, Vol.76, paragraph 2,164.

  
16
   Ibec Technical Services Corporation,
An Appraisal of Ireland’s Industrial Potentials
(New York, 1952), p.20. All subsequent quotes from the capital finance section of Appraisal are taken from pp20-27.

  
17
   The authors noted that this practice ‘may reflect the choice of individual investors rather than bank initiatives’. The fact that the practise was systemic, though – well over half of all bank assets were held outside Ireland – would suggest a banking policy than a random convergence of events.

  
18
   
The Irish Times
, 28 August 1958.

  
19
   Padraig McGowan,
Money and Banking in Ireland: Origins, Development and Future
(Dublin, 1990), p.55.

  
20
   
The Irish Times
, 28 August 1958.

  
21
   
Ibid.
, 23 August 1966.

  
22
   
Ibid.

  
23
   McGowan, p.55.

  
24
   
The Irish Times,
30 June 1967.

  
25
   
Ibid.
, 29 September 1965.

  
26
   N.J. Gibson, ‘The Banking System,’ in Norman J. Gibson & John E. Spenser (eds),
Economic Activity in Ireland: A Study of Two Open Economies
(Dublin, 1977), p.230.

  
27
   
Ibid.

  
28
   McGowan, p.60.

  
29
   Simon Carswell,
Something Rotten: Irish Banking Scandals
(Dublin, 2006), p.67.

  
30
   
Ibid.

  
31
   
The Irish Times
, 26 May 1984.

  
32
   
Ibid.

  
33
   
Ibid.
, 28 February 1935.

  
34
   
Ibid.
, 16 March 1985.

  
35
   
Ibid.
, 8 August 1983.

  
36
   Carswell, p.68. The following account of ICI and the AIB bailout of 1985 draws heavily from his source, especially pp66-87.

  
37
   
The Irish Times
, 16 March 1985.

  
38
   Carswell, p.48.

  
39
   
The Irish Times
, 16 April 1983.

  
40
   
Ibid.

  
41
   
Ibid.
, 5 October 1978.

  
42
   
Ibid.
, 2 November 1978.

  
43
   Carswell, p.25.

  
44
   US investor at the Pensions 2000 Conference, Dublin, September 1996, reported in
The Irish Times
, 21 September 1996.

  
45
   
The Irish Times
, 13 April 1990.

  
46
   
Guardian
, 14 April 1990.

  
47
   
The Irish Times
, 4 January 1989; 14 June 1989.

  
48
   
Ibid.
, 3 November 1989.

  
49
   
Ibid.
, 31 October 1990.

  
50
   
Ibid.
, 16 March 1990.

  
51
   
Ibid.
, 25 September 1991.

  
52
   
Ibid.
, 28 December 1990.

  
53
   
Ibid.
, 11 September 1992.

  
54
   
Ibid.
, 29 December 1992.

  
55
   
Ibid.
, 25 April 1991.

  
56
   Peter Murray, chairman, Anglo Irish Bank, 24 January 2003, reported in
The New York Times
, 11 August 1991.

  
57
   
The Irish Times
, 14 November 1992.

  
58
   
Ibid.
, 1 June 1992.

  
59
   
Ibid.
, 24 January 1998.

  
60
   
The New York Times
, 1 April 2005.

  
61
   
The Irish Times
, 20 January 2006.

  
62
   
Ibid.
, 25 August 2007.

  
63
   
Ibid.
, 4 September 2007.

  
64
   
The New York Times
, ‘Economix’, 2 September 2010.

  
65
   
The Irish Times
, 21 September 1996.

  
66
   
Ibid.
, 6 May 1996.

  
67
   
Ibid.
, 3 May 1997.

  
68
   Frank Connolly, ‘Ireland’s Property Crash Could Have Been Avoided’,
Irish Central
, 23 August 2010.
http://www.irishcentral.com/news/-Irelands-property-crash-could-have-been-avoided-101287479.html.
Accessed 27 February 2011. All subsequent quotes relating to this article are from this source.

  
69
   
The Irish Times
, 10 December 1997.

  
70
   Frank McDonand & Kathy Sheridan,
The Builders: how a small group of property developers fuelled the building boom and transformed Ireland
(Dublin, 2008), p.165.

  
71
   
The Builders
, p.165.

  
72
   
The Irish Times
, 16 October 2004.

  
73
   
Ibid.
, 11 November 2006.

  
74
   
Ibid.
, 4 December 2006.

    
1
   
The Irish Times
, 22 January 2011;
Sunday Independent
, 23 January 2011.

    
2
   
The New York Times
, 18 December 2008.

    
3
   
The Irish Times
, 4 September 2007.

    
4
   
Dáil Debates
, 9 July 2008, Vol.659, No.2, paragraph 628.

    
5
   
The Banker
, 1 July 2009.

    
6
   
The Guardian,
8 October 2008.

    
7
   
The Irish Times
, 2 January 2009.

    
8
   US Securities and Exchange Commission,
Mortgage-Backed Securities
,
http://www.sec.gov/answers/mortgagesecurities.htm
(Accessed 29 January 2011).

    
9
   J. Kevin Corder & Susan M. Hoffmann, ‘Privatizing Federal Credit Programs: why Sallie Mae?’,
Public Administration Review
, Vol.64, No.2 (March-April 2004), p.182.

  
10
   
The New York Times
, 30 September 1999.

  
11
   
Ibid.

  
12
   
Ibid.
, 25 February 2004.

  
13
   ‘Private-Label Mortgage Back Securities’,
Understanding Mortgage Securitization
,
http://securitization.weebly.com/private-label-mbs.html
(Accessed 27 January 2011).

  
14
   
The New York Times
, 18 December 2007.