Fear and Loathing in Dublin

Once again, my friend Jonathan Sugarman, the Irish/UniCredit whistleblower, is to appear before a public body and attempt to put on the record what those in power and their friends in the banks have tried for a decade to suppress.

On Thursday Jonathan is to testify before The Committee on Finance, Public Expenditure and Reform, and Taoiseach.  Jonathan was invited to testify some weeks ago. The invitation was for Jonathan to tell the  committee what he knew of what led to the Irish banking collapse. Jonathan was very clear with those who arranged the invitation that he would not be censored nor deflected into talking of other safer topics. He was clear he would testify with his first hand knowledge of  1) what happened at Unicredit, 2) How this was an example of unwise or illegal activities within the broader banking sector. He felt it was imperative that what he knew should be on the public record since what he could testify to, lay at the root of  the general banking collapse and to the notorious blanket, overnight bank guarantee that the Irish government paid and  how this led to the crippling public debt that was its direct result.

Jonathan has tried before to get things on the record in Ireland. From the beginning he has had dealings with all the major parties telling them what he knew. Every one of them listened, made promises and later disowned him. Some even claiming later they had never met him. Such is the immense fear and pressure to keep what really went on buried.

And it is happening again. In the last day or so, despite having been given assurances and promises we are now finding that officials are trying to dictate what Jonathan may and may not say. Claiming he may now only talk about current events – knowing full well that they have no relevance. In other words the  officials and those whose bidding they do are trying to silence Jonathan again.

I can tell them it won’t work. Too many people are watching. Too many are aware of what went on and whose necks are at risk. And not least Jonathan, despite being hounded relentlessly, is not one to back down.  He has kept his powder dry and what a store of powder it is.

Jonathan already, a few weeks ago, bearded Draghi in his den.

You can see Jonathan testify in the Eu parliament here

And hear the question that skewered Draghi here

And here is the list of Bond holders that Jonathan and I tried twice, through the good offices of Senator Norris to get read in the parliament – both times being prevented.  These are some of the bond holders the Irish government was so determined to bail out that it decided it would crush a generation its own people with crippling austerity.

When will the People of Ireland make their voices heard and demand the truth and the whole truth be told and damn those who have profited from its suppression?

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