Quinn Insurance in Administration

[mick999]

Isnt that what is known locally as a "move"

Shamefull move especially on a day when the state where he owe's most of the money is inaugurating a new president ..

[Tubberman]

Isnt that what is known locally as a "move"

Shamefull move especially on a day when the state where he owe's most of the money is inaugurating a new president ..

He distributed his millions among his children, then declared himself bankrupt in the North so that he can be back in business debt-free in a year. At the same time, we (the taxpayers in the south) will be left to pay off his massive €2.8bn debts.
And people here try to say he's a great man. 

[Lone Shark]

Isnt that what is known locally as a "move"

Shamefull move especially on a day when the state where he owe's most of the money is inaugurating a new president ..

You think that's a coincidence? Great day to bury bad news, plus the presence of judges etc makes it more difficult for anyone to nip into the Four Courts down here and make him bankrupt in the South first.

But then I guess this is the kind of thing that qualifies as "entrepreneurial skill" to some people.

When he first lost all the money I was willing to give him the benefit of the doubt as somebody who got sucked in, made a bad decision and seemed willing to try and make things right. Everything that's happened since tells me that he's no different from Seanie Fitz, David Drumm or any of the rest. A selfish traitor.

[seafoid]

Quinn and his family owe 600€ to every person in the 26 counties

And will bear a significant  responsibility for the default when it comes.
And the butchering of government spending that follows. 

quinn owes all the special needs kids an apology. 

[Tubberman]

He's a true partitionist as well it seems - well able to use the border for his own gain.
He filed for bankruptcy saying that "I was born, reared and worked all my life in Co Fermanagh. It is for this reason that my bankruptcy application was made today in Northern Ireland.''

This despite the facts he and his family live in Cavan, most of his former businesses are based in the south, his debts are to banks in the south and the southern taxpayers are footing the bill!

[Bord na Mona man]

Quinn and his family owe 600€ to every person in the 26 counties

If a pickpocket working 24/7, stole a wallet with €200 in it every minute, it would take him 23 years to match Quinn on that score.

He was a great entrepreneur all right!

[seafoid]

Quinn and his family owe 600€ to every person in the 26 counties

If a pickpocket working 24/7, stole a wallet with €200 in it every minute, it would take him 23 years to match Quinn on that score.

He was a great entrepreneur all right!

Privatise the profit and socialise the losses

It is all linked to the number of GAA players emigrating as well, of course. The whole country has to pay the price for the gambling of less than 500 people. 

[muppet]

Quinn and his family owe 600€ to every person in the 26 counties

If a pickpocket working 24/7, stole a wallet with €200 in it every minute, it would take him 23 years to match Quinn on that score.

He was a great entrepreneur all right!

Privatise the profit and socialise the losses

It is all linked to the number of GAA players emigrating as well, of course. The whole country has to pay the price for the gambling of less than 500 people.

But the 500 worked very hard and we need risk takers don't we?

[supersarsfields]

Isnt that what is known locally as a "move"

Shamefull move especially on a day when the state where he owe's most of the money is inaugurating a new president ..

You think that's a coincidence? Great day to bury bad news, plus the presence of judges etc makes it more difficult for anyone to nip into the Four Courts down here and make him bankrupt in the South first.

But then I guess this is the kind of thing that qualifies as "entrepreneurial skill" to some people.

When he first lost all the money I was willing to give him the benefit of the doubt as somebody who got sucked in, made a bad decision and seemed willing to try and make things right. Everything that's happened since tells me that he's no different from Seanie Fitz, David Drumm or any of the rest. A selfish traitor.

It happening today has nothing to do with "burying bad news". It has to do with Anglo trying to run the bankruptcy down south over the next two weeks. Plus you can't just "nip in" to the four courts. There's a process down south that takes a couple of weeks for bankruptcy. So that point was a bit of nonsense.

And regarding him giving his money to his kids before declaring himself bankrupt is another load of crap. Virtually everything in the kids names now, has been there since pre-administration when he would never have thought things would come to this. He had always said that he was building the group for the kids and most stuff was in their names from day one.

I can understand people's annoyance at the way this is turning out. But I can tell you now there is no sadder man at the minute in Ireland than SQ. He isn't going to swan into the sunset without a worry in his head. He is a broken man at the way this has turned out and while I don't expect everyone to feel pity for him, he has hardly gotten of scott free. He has lost a empire that he built up over 38 years and seen it torn to shreds and run into the ground.

I also notice that people here are counting the money out of tehir own pockets. How about you look at the big picture and count from start to finish how much SQ owes the people of Ireland. Take into account the group's taxes , employment over the years. It's easy now to write all that off and say that so what. But your showing a very one sided view.
He's made massive mistakes and ther're going to have an effect on everyone. Much the same as the successes that he had also made a big impact on everyone else. But it seems here that all is easy forgotten.

It's a sad day alright.

[seafoid]

Isnt that what is known locally as a "move"

Shamefull move especially on a day when the state where he owe's most of the money is inaugurating a new president ..

You think that's a coincidence? Great day to bury bad news, plus the presence of judges etc makes it more difficult for anyone to nip into the Four Courts down here and make him bankrupt in the South first.

But then I guess this is the kind of thing that qualifies as "entrepreneurial skill" to some people.

When he first lost all the money I was willing to give him the benefit of the doubt as somebody who got sucked in, made a bad decision and seemed willing to try and make things right. Everything that's happened since tells me that he's no different from Seanie Fitz, David Drumm or any of the rest. A selfish traitor.

It happening today has nothing to do with "burying bad news". It has to do with Anglo trying to run the bankruptcy down south over the next two weeks. Plus you can't just "nip in" to the four courts. There's a process down south that takes a couple of weeks for bankruptcy. So that point was a bit of nonsense.

And regarding him giving his money to his kids before declaring himself bankrupt is another load of crap. Virtually everything in the kids names now, has been there since pre-administration when he would never have thought things would come to this. He had always said that he was building the group for the kids and most stuff was in their names from day one.

I can understand people's annoyance at the way this is turning out. But I can tell you now there is no sadder man at the minute in Ireland than SQ. He isn't going to swan into the sunset without a worry in his head. He is a broken man at the way this has turned out and while I don't expect everyone to feel pity for him, he has hardly gotten of scott free. He has lost a empire that he built up over 38 years and seen it torn to shreds and run into the ground.

I also notice that people here are counting the money out of tehir own pockets. How about you look at the big picture and count from start to finish how much SQ owes the people of Ireland. Take into account the group's taxes , employment over the years. It's easy now to write all that off and say that so what. But your showing a very one sided view.
He's made massive mistakes and ther're going to have an effect on everyone. Much the same as the successes that he had also made a big impact on everyone else. But it seems here that all is easy forgotten.

It's a sad day alright.

Supersars I know you are from around Fermanagh but €2.8 bn is more than he ever paid in taxes. Last week Ireland paid $1bn to bond vultures on behalf of SQ. The money came from the education budget for special needs children. And the capital budget.  Hardy's son had to emigrate. 450,000 unemployed. SMES can't get loans.  Default is probably coming.  Thanks to SQ and Derek Quinlan and the rest of the boys.  Of course if we had a decent bank resolution scheme it wouldn't have been so painful. But we are where we are.

I see  the Sindo is still in awe of Johnny Ronan.   

[supersarsfields]

Not from Fermanagh Seafoid, thank the lord!!

But I'm not just on about direct taxes alone (Which i hardly a drop in the ocean either). But I'm on about people being employed with cash in their pockets for the guts of 38 years. I'm taking about nearly 6000 peopl employed by QG& QIL at the peak times. You can't say that Ireland didn't benefitted hugely from that financially.
I'm sorry for Hardy's son. I really am. But look at the hundreds of people's sons and daughters in Fermanagh and Cavan that haven't had to emigrate because of the development work by SQ throughout the years. Look at the peole who were unqualified and trained up by the QG.  Without that development they would surely have to because I can tell you there was little investment coming from anywere else for that area. And maybe that's why so many locals still stay loyal to him.

I'm not on here to say SQ is a saint and that he did everything for the love of the local area. But for me the measure of the man is what he did during his career and not just what happened in the dying days of it.

[Hardy]

He's doing fine in Australia lads. Thanks for the concern and good wishes.

[AQMP]

Not from Fermanagh Seafoid, thank the lord!!

But I'm not just on about direct taxes alone (Which i hardly a drop in the ocean either). But I'm on about people being employed with cash in their pockets for the guts of 38 years. I'm taking about nearly 6000 peopl employed by QG& QIL at the peak times. You can't say that Ireland didn't benefitted hugely from that financially.
I'm sorry for Hardy's son. I really am. But look at the hundreds of people's sons and daughters in Fermanagh and Cavan that haven't had to emigrate because of the development work by SQ throughout the years. Look at the peole who were unqualified and trained up by the QG.  Without that development they would surely have to because I can tell you there was little investment coming from anywere else for that area. And maybe that's why so many locals still stay loyal to him.

I'm not on here to say SQ is a saint and that he did everything for the love of the local area. But for me the measure of the man is what he did during his career and not just what happened in the dying days of it.

Sorry supersars...the cynical bankruptcy move and the failure to repay what he borrowed to drive his greed (his words) is the measure of the man.  In my view he's behaving like a con man.

[supersarsfields]

People need to read up a little on this me thinks. Getting bankruptcy in the north only means he can go back into business again in 12 months rather than 12 years. It doesn't change the amount he owes (contested or otherwise). This hasn't written of any of the dept or changed Anglo chasing it.

But everyone is entitled to their own opinion so I guess we'll agree to differ on this.

[AQMP]

SQ admits to owing Anglo approx €193 mill...which he says he can't repay.