By
The Story.ie
I couldn’t let this one pass without comment either. Mary ‘shop around’ O’Dea has landed a new job at the IMF, as the Irish Independent reported earlier this month.
O’Dea, currently director general of financial operations at the Regulator, will become the IMF’s alternative executive director this July.
“I’m really looking forward to what I know will be a challenging role, especially at a time when Ireland is itself in an IMF/EU programme,” O’Dea told the Sunday Independent. This paper asked the Regulator two months ago if O’Dea would be taking up a new job in the IMF.
I suppose you could with some jest say that she is getting out of dodge when the going is good. Rumour has it there were no promotion prospects internally at the now expanding Central Bank, so she was bumped off to Washington. Apparently the job is a rather nice 3 years in Washington DC tax-free with expatriate benefits (including private schools).
Oddly though she goes from sitting in our Central Bank/Financial Regulator up to and during IMF intervention, to now sitting on the other side of the table to perhaps help scrutinise our adherence to an IMF deal.
(H/T P O Neill)
source:http://thestory.ie/2011/05/30/mary-odea-and-the-imf/
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About machholz
I started this Blog to get out of my system the absolute rage that I have for the corrupt politicians and their Banker Buddies. I’m an ordinary guy, married with kids, and have firm opinions of what is right and what is wrong. I’m not afraid to say it even when it makes me unpopular.
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Mary O Dea as acting Financial Regulator refused to explain how tens of millions of Euros were given to charity by the kind permission of Mr Neary and co in collusion with the Banks.
This was money from over charging by the banks.
The banks claimed they could not find the clients who had transacted the currency exchange buisness.
P Neary Financial Regulator and the banks decided to give the money to a charity or charities of the banks choosing.
Problem is there is no law which allows this to happen.
Neary took flight and O Dea acted in his place and refused to account for the money also.
Elderfield Financial regulator,ditto.
All claimed protection under some secrecy/confidentiality law.
PAC asked the questions and got the same response.( no information )
Secrecy about the amount(unknown millions) and the charities who benifited or the laws which allowed such decisions to be taken.
No media has ever accepted this / no media has ever printed the story?
Seems every investigation stalled at the banks’ door ( or inside of the bank’s doors?)