Dermot Desmond’s contribution to the GFC

May 7, 2013

Thanks to Adam (@Random Thoughts Re Scots Law) for highlighting this report

footballtaxhavens

Dermot Desmond degree

Synopsis

Dermot Desmond was the major conceiver of IFSC [International Financial Services Centre] in Dublin which was a major contributor to the Global Financial Crisis, due to the lax regulation by the Irish regulator.  His company, International Investment &Underwriting [IIU], boasts of his involvement and he has accepted accolades and an honorary degree for creating the IFSC.  However it’s impact on the financial world and the economic health of nations has been disastrous.

I’ll not go into Dermot Desmond’s attendances at some of the Irish corruption Tribunals, incl. Moriarty, which were attempts by Ireland to clear up the corruption which occurred during Charles Haughey’s prime ministership & beyond.

The Tribunal reports are amazing documents. Even though they state the corrupt acts, transactions, untrustworthy evidence & actors, including Dermot Desmond, they don’t say outright ‘these persons are corrupt’ – that is left unsaid. One reason for this is obvious – a large contingent of…

View original post 1,623 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: