Quinn Insurance in Administration

[armaghniac]

Is QuinnBet a reincarnation?

It is like Quinn Insurance, you give Quinn money and he bets it on unusual financial instruments.

[bannside]

Started about three years ago by son Sean Jr, and doing well in a very competitive industry. Paid shareholder dividends last year of £1.7m, not too shabby!

[bannside]

Actually Quinnbet is 6 years old, how time flies.

Just finished reading Trevor Birneys "Quinn". A fascinating read from start to finish. Anyone else read it..thoughts or feedback?

[LC]

I presume it is the book version of the documentary that was on a few weeks ago?

Really enjoyed the documentary, very well made and very informative.

Can not but help have a lot of admiration of what he had achieved up until the whole Anglo thing.   

However when he was given an opportunity to come back into the business thereafter he could not accept he had to take a back seat, lost sympathy for him at this point.  Nobody else would ever have got such an opportunity of being allowed back into a business that they had almost ran into the ground.

[screenexile]

I presume it is the book version of the documentary that was on a few weeks ago?

Really enjoyed the documentary, very well made and very informative.

Can not but help have a lot of admiration of what he had achieved up until the whole Anglo thing.   

However when he was given an opportunity to come back into the business thereafter he could not accept he had to take a back seat, lost sympathy for him at this point.  Nobody else would ever have got such an opportunity of being allowed back into a business that they had almost ran into the ground.

I lost sympathy for him long before that. . . trying to put the assets beyond the state was the point I lost the sympathy for him!

[Rossfan]

And we in thev  26 will be paying for him for many a year

[Itchy]

And we in thev  26 will be paying for him for many a year

How much are you personally paying for him each year?

[Rossfan]

At least € 40 for Insurance and a debt of €400.

[Dougal Maguire]

Alan Dukes shafted him. He showed his true colours in the documentary. He never should have been allowed anywhere near NAMA

[armaghniac]

Alan Dukes shafted him. He showed his true colours in the documentary. He never should have been allowed anywhere near NAMA

I don't think anypone shafted Quinn only himself.
Dukes' job was to get as much money as possible to save the imposition on the taxpayers, all of whom bar a handful were poorer than Quinn.

[Itchy]

At least € 40 for Insurance and a debt of €400.

I understood it to be. 2% levy so if you pay 40 euro that would mean you are paying in the region of 2000 euro annually in insurance?

[balladmaker]

Alan Dukes shafted him. He showed his true colours in the documentary. He never should have been allowed anywhere near NAMA

I've no idea what Alan Duke's background is outside of politics, but I'm assuming he did not have any business know-how anywhere near the same as Sean Quinn, not many had.  Quinn's point on the doc was interesting i.e. give me a few years and I'd have made it all back and paid any debts that were owed ... no idea why that was not given more consideration at the time.

[armaghniac]

Alan Dukes shafted him. He showed his true colours in the documentary. He never should have been allowed anywhere near NAMA

I've no idea what Alan Duke's background is outside of politics, but I'm assuming he did not have any business know-how anywhere near the same as Sean Quinn, not many had.  Quinn's point on the doc was interesting i.e. give me a few years and I'd have made it all back and paid any debts that were owed ... no idea why that was not given more consideration at the time.

Quinn was looting the insurance company which rather underminded his credibility. If he had been completely up front then perhaps Dukes would have taken a chance on him making the money back.

[thewobbler]

Alan Dukes shafted him. He showed his true colours in the documentary. He never should have been allowed anywhere near NAMA

I've no idea what Alan Duke's background is outside of politics, but I'm assuming he did not have any business know-how anywhere near the same as Sean Quinn, not many had.  Quinn's point on the doc was interesting i.e. give me a few years and I'd have made it all back and paid any debts that were owed ... no idea why that was not given more consideration at the time.

Should there maybe be a key learning that one man/family should not have the legal capacity to build such an extraordinary level of business interests?  It seems the only potential outcomes in such cases are high end gambling and/or a repugnantly narcissistic desire to accumulate everyone else's wealth.

[qwerty123]

I missed the documentary on RTÉ and i don't think it's on the player anymore. Is there any way of viewing it now?