Quinn Insurance in Administration

[sammymaguire]

Was the amount of the Irish bailout €85bn?

And the Irish tax payer are more up in arms with Sean Quinn and the disputed €2.8bn than they are with the Irish government, who must have taken in billions of euro in stamp duty and taxes during the Celtic Tiger or the bankers who were in charge of the countries money.... and where did all that money disappear to??

They are the government so they must be right and Quinn must be wrong.

Now that one has me stumped.

Stop trying to deflect. Nobody is defending the banks, but that doesn't mean SQ should be able to walk away from the mess he's in and which he largely got himself into.

Its all related to what the Irish taxpayer is getting so annoyed about... defend the government as they surely can't be the wrong do-ers in this. Quinn did more good for Ireland than all the pricks in Dublin over the last 20 years put together that's for sure 

And that entitles him to act above the law, and give the two fingers to the Irish taxpayers??
If you feel strongly enough about it, why don't you start a collection in Fermanagh to cover the costs of the Quinn mess?
You can start with the ~€450m which he admits he owes but is refusing to pay, and the 2% levy on EVERY insurance policy taken out in the Republic to fill the hole created by Quinn Insurance.

no-one is entitled to act above the law, as long as the law is being just. The law may have a vested interest in seeing this one go one way only.

Quinn Insurance was a highly profitable business by all acounts and I am pretty sure things could have been ironed out there if time was allowed. Why don't you start a collection in Fermanagh, the diamond is a busy spot in Enniskillen, I'll be down there around 5 to throw you some lose change but if I dont see you, let me know how you get on but don't expect a nice reception!! 

[armaghniac]

The whole Quinn debacle is what they are doing wrong now!

What precisely are they doing wrong?

Quinn Insurance was a highly profitable business by all acounts

Anglo Irish Bank was a highly profitable business by all accounts, it isn't any more. Anyone can make money on the way up by not pricing risk properly. Even if Quinn Insurance was not Anglo, many businesses are much less profitable now than in 2007.

[sammymaguire]

Were all the austerity measures and cuts not due to the €85bn bailout??
Now surely you can't blame Quinn for that??

Much of the need for the bailout was driven by the failure of the GOVERNMENT REGULATED banks. This was caused by the failure of people to pay back their loans, and Quinn is certainly among the biggest offender in this category, although of course he is not the only one.

Its all related to what the Irish taxpayer is getting so annoyed about... defend the government as they surely can't be the wrong do-ers in this.

The government clearly had bad policies in the past. What exactly are they doing wrong now?

The whole Quinn debacle is what they are doing wrong now!

Go on break it down for us.

IRBC are trying to claim what they believe they are owed.
The Courts are trying to stop Quinns from hiding these assets until the liabilities can be determined.
What are the Government doing?

IBRC = government 

[sammymaguire]

The whole Quinn debacle is what they are doing wrong now!

What precisely are they doing wrong?

Quinn Insurance was a highly profitable business by all acounts

Anglo Irish Bank was a highly profitable business by all accounts, it isn't any more. Anyone can make money on the way up by not pricing risk properly. Even if Quinn Insurance was not Anglo, many businesses are much less profitable now than in 2007.

Read through the thread, there's loads of examples of what many people feel they are doing wrong.

Anglo's figures were AMAZING at the time but unfortunatley they were fudged by Fitzpatrick et al thats the main reason why the whole Quinn mess happened in the first place.

[LeoMc]

Were all the austerity measures and cuts not due to the €85bn bailout??
Now surely you can't blame Quinn for that??

Much of the need for the bailout was driven by the failure of the GOVERNMENT REGULATED banks. This was caused by the failure of people to pay back their loans, and Quinn is certainly among the biggest offender in this category, although of course he is not the only one.

Its all related to what the Irish taxpayer is getting so annoyed about... defend the government as they surely can't be the wrong do-ers in this.

The government clearly had bad policies in the past. What exactly are they doing wrong now?

The whole Quinn debacle is what they are doing wrong now!

Go on break it down for us.

IRBC are trying to claim what they believe they are owed.
The Courts are trying to stop Quinns from hiding these assets until the liabilities can be determined.
What are the Government doing?

IBRC = government 

I walked into that one, but my query still stands. IRBC is trying to re-claim what it believes it is owed. It has loan agreements which are not being met and so is pursuing that debt on behalf of the taxpayer. What are they doing wrong?

[Rossfan]

So let's just saddle the taxpayers of the 26 and let those nice Quinns away with their disgraceful behaviour just because Anglo were a shower of cnuts too.
All the Quinn lovers would be singing a different tune if they were living this side of the Border.

[supersarsfields]

Feel free.

[Main Street]

By 1997 Quinn had already placed a bet using €750m out the Quinn finances to purchase these CFD's. If he had decided not to avail of Anglos's line of credit to cover the CFD losses, what would Quinn's liabilities have been? Would Quinn not have been liable for the CFD losses if he managed to ditch them for a song?

[sammymaguire]

So let's just saddle the taxpayers of the 26 and let those nice Quinns away with their disgraceful behaviour just because Anglo were a shower of cnuts too.
All the Quinn lovers would be singing a different tune if they were living this side of the Border.

Sean Boylan, Colm O'Rourke, Sean Kelly, Michael O'Leary... all men of the 26.  dry your eyes ffs

[sammymaguire]

See Sean Kelly is under harness now too   

http://www.independent.ie/business/irish/fgs-kelly-backtracks-over-quinn-remarks-after-kenny-rebuke-3187100.html

[Tubberman]

See Sean Kelly is under harness now too   

http://www.independent.ie/business/irish/fgs-kelly-backtracks-over-quinn-remarks-after-kenny-rebuke-3187100.html

Did you expect the main govt party to support Quinn's contempt of court??

[sammymaguire]

See Sean Kelly is under harness now too   

http://www.independent.ie/business/irish/fgs-kelly-backtracks-over-quinn-remarks-after-kenny-rebuke-3187100.html

Did you expect the main govt party to support Quinn's contempt of court??

nope, they are the the ones trying to cover up the mesmeric fcuk up that has been made of the banking systems and public purse of Ireland... but if Kelly wanted to then he should have been allowed to

[supersarsfields]

FFS 

You may as well delete the "Feel free" post as well. Kinda looks outa place now!!

[LeoMc]

http://www.sinnfein.ie/contents/23897

Wonder will Gildernew & Flanagan be told to toe the party line?

[Rossfan]

So let's just saddle the taxpayers of the 26 and let those nice Quinns away with their disgraceful behaviour just because Anglo were a shower of cnuts too.
All the Quinn lovers would be singing a different tune if they were living this side of the Border.

Sean Boylan, Colm O'Rourke, Sean Kelly, Michael O'Leary... all men of the 26.  dry your eyes ffs

Maybe them and you might like to contact the family of the 19 year old girl who died in the back of an ambulance after a 2 and half hour trip because the A & E up the road from her was closed due to the loss of income to the State as a result of the activities of the Quinns and others of that ilk.
Would you like to stick your dirty tongue out at them and tell them to "dry their eyes FFS"

The Roscommon Hospital Action group or Ming will be able to give you  the family's number.
Absolutely sickening the sort of trash some people think are heroes.