Noonan and his broken promises

Losers make promises they often break. Winners make commitments they always keep.

Finance Minister Michael Noonan has denied reneging on election commitments to force major European bank lenders to take a hit on losses.

 

"We haven't broken our word," Mr Noonan insisted.

Screw the lot of them Dickie!

Leading up to the general election, Michael Noonan promised that not one more cent would go into the bank bail out. Now he tells us another €24 billion will be going into it.

 

Michael Noonan has famously called September 30th, 2008, the night of the bank guarantee, "The blackest day in the history of the state since the outbreak of the Civil War."  Now he will see over a grand escalation in the banking drama.

 

Before the election, Mr Noonan promised that he would make bond-holders share the burden of the debts of insolvent financial institutions.

The ECB refused to let the senior bondholders at Bank of Ireland and AIB be even lightly singed, let alone roasted, so the only burden sharing now possible is a long way down the line in Anglo and Irish Nationwide, but whatever money is eventually recovered from those institutions will be small, stale beer, compared to what has flowed into them.

Feck it, I'm in now!

Prior to the election, Noonan promised that he would make sure that fraudulent bankers are pursued for their crimes and face the law. Seanie Fitz and his friends are still walking the street, as is Michael Lowry, who accepted bribes while being in cabinet with Mr Noonan during Fine Gaels last term in government.

 

Michael Noonan has broken his election promises.

 

Fine Gael have broken their election promises.

 

Full Stop.