Author Archives: Edward McGarr
Pay Up!
There is a problem however with most mortgage loan approvals; they do not guarantee the actual provision of the money. They are subject to conditions and the offer of finance can be withdrawn before drawdown.
I Misspoke Myself
We are all of us guilty, at some time or other, of doing this. We have firm clear recollections of where we left the keys, the hand blender, the tea-bags, the car insurance etc. We were wrong. Nevertheless, we conveyed (even propagated) the wrong information to someone else. Errors of this kind are common. Significantly, being wrong is not evidence of wrongdoing.
Souvenir Land
It is surprising that NAMA’s business plan has overlooked the possibilities of souvenir land sales.
Bloodhounds
The fact that the auditors in that case escaped by the skin of their teeth shows life is going to get difficult for the profession.
Voodoo Economics
Now the plan is under consideration by the EU Commission. Specifically it is being considered by Joaquin Almunia the new Commissioner for Competition. He is in fact not all that new; he used to be Commissioner for Economics and Monetary policy.
Phew!
Insurance has a strange aspect which we often overlook; we are happy that we did not need it.
Insurers
Furthermore, if the defendant insurer is claiming that the claim falls into an exception specified in the contract of insurance, it is for the insurer defendant to prove that fact and not for the plaintiff insured to disprove it.
Brown Envelopes (2)
A False Claim Act is the superior remedy; it applies to private corruption and to public corruption; it promotes the disclosure of wrongdoing by witnesses; it acts as a disincentive to crime (by making it dangerous to undertake).
Brown Envelopes
There is a perception in the public that our corruption index is high. Only full and open investigation and punishment of offenses will reduce this perception.