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The following from Rainy Day blog at http://www.eamonn.com/

Another GUBU, and this one's a beaut

Back at the beginning of December last year, in a posting called "Yamani or ya life! The UNSCAM GUBU", we took the time to explain the peculiarly Irish acronym, GUBU. It comes, we said, from the days of Charles J. Haughey, an Irish prime minister who put the "Mac" into Machiavellian and who called the discovery of a serial killer hiding in the flat of his attorney general "grotesque, unbelievable, bizarre and unprecedented". Conor Cruise O'Brien, the PM's nemesis, pounced on this Grand Guignol scandal and coined "GUBU", which came to sum up Haughey's putrescent reign.

And now Ireland is enveloped in another GUBU, and a vast one, involving the largest bank heist in the history of the British Isles, and it looks as if the laundering of the loot goes all the way to the top. Well, to the top of Sinn Fein/IRA, but that's only the beginning. Gavin Sheridan has been blogging the story in detail and Slugger O'Toole is on the job as well. Gavin crossed a threshold by being the first to name the suspects, breaking what Richard Delevan calls "a legal/media consensus about how such cases should be dealt with in the Republic of Ireland among its stakeholder media, politicians and police." So, along with rocking the country to its foundations, this could be the story that makes blogging a force to be reckoned with in Ireland.

Just in: a priceless statement from the boss of Sinn Fein/IRA, Gerry Adams,: "I would urge people to be very measured," he said, adding that it was not the time "for making knee jerk judgements or trying to beat up on Sinn Fein".

Get that? "Beat up on Sinn Fein"! For sheer shamelessness and unintended humour, this comes close to Haughey's GUBU declaration. Beat up on Sinn Fein! Tell that to the widows and orphans of the IRA and a hobbling generation of kneecapped unfortunates who happened to incur the wrath of Gerry's thuggish pals. Ladies and gentleman, we have another GUBU on our hands.

I'm adding GUBU as a keyword!

We can expect the whingeing from the balaclava boys to escalate over the next few weeks as more heist info comes to light. Can't wait for the next load of codswallop from P O'Neill, it should be a masterpiece of self-pitying denial.

Love GUBU, BTW. Haughey was a real piece of work. It should absolutely be a keyword!

Another GUBU, and this one's a beaut

Excellent post.