Well so far they havent

Gambling 2.4 billion didn’t bring down the country on it’s own. A government tax policy based on property rates contributed much much more.

Wow just started on this thread, and have to answer the first comment, hope the rest is in some way unbiased and more sensible. Love a good debate, but get really irrated by ridiculous statements.
Sean Quinns mistakes did also not bring down the Country. While his debts are enormous, they are actually rather insignificant in the bringing down of the country. Ireland pays out 16 billion more than it takes in per year.
The Government recapitalised Anglo by 30 billion, The Irish banking system by 80 billion. The Government guarenteed the Irish banks to the tune of 500billion. Quinns debt of 1.6billion is not the reason this country is bankrupt.

HOW MANY JOBS DID YOU CREATE PAUL? HARDLY, THE 8000 PLUS THOUSANDS OF OTHER INDIRECT JOBS THAT QUINN CREATED.. INCIDENTALLY, THE INTERVIEW ON RTE WAS CUT SHORT WHICH IS INDICATIVE OF THE SELECTING REPORTING BY OUR NATIONAL BROADCASTER ON THIS SUBJECT. TV3′S INTERVIEW WAS MORE INFORMATIVE AS SEAN QUINN ADDED THAT HE MADE THE MISTAKE OF BELIEVING THE CENTRAL BANK, THE REGULATOR ETC.
IT REALLY IS QUITE SIMPLE. ANGLO COOKED THE BOOKS AND CONNED INVESTORS LIKE SEAN QUINN.

IF WE AS CONSUMERS WERE SOLD A FAULTY PRODUCT THAT WAS TOTALLY MISREPRESENTED TO US, WE WOULD BE ENTITLED TO QUESTION THE LEGITIMACY OF THE SO CALLED DEBT THAT ACCRUED AS A RESULT OF THAT MISREPRESENTATION.

ANGLO ARE FLEECING THE TAXPAYERS AND WE NEED TO WAKEN UP AND SEE WHO THE REAL CROOKS ARE.

SHOUTING ON THE INTERNET MAKES ME FEEL IMPORTANT.

Yeah same goes for seanie fitz, paddy kelly, liam carroll etc aswell, grand sorts the lot of em, only human.

You really couldnt make comparisons there. Fitzpatrick was a banker. Kelly and Carroll were developers who made it bigger in the boom years. Quinn was, like it or not the most successful entrepreneur this country has ever produced. He didnt make it big overnight, he left school at 14 worked hard for 40 years to build Irelands biggest and most successful company in the Country. He brought employment to rural areas where no-one else would go. He tackled major monopolies like insurance,glass and cement on his own. Not as a part of a large multinational company but as the head of a family business.The man made a mistake, he has admitted on numerous occassions he made a mistake. To date has Fitzpatrick, Kelly, Carroll admitted to mistakes ?

David. Great to see so much compassion in your post. Good to see you developing that trait. Remember it next tine you’re having a go at this Quinn. ;)

Jame Nugent, I think the comparison is clear actually, I have a lot of respect for Sean Quinn over 40 years building up a hugely successful and diversified business (although I certainly don’t buy the parochial whiter than white old man image which is being portrayed in some arenas).

I just don’t understand why people can’t get past the fact that he went and gambled everything he worked for, all those jobs and assets on Anglo Irish Bank which sought to further fuel the property boom, therefore he is culpable of making a huge investment into the Irish property market, bigger than Paddy Kelly or Liam Carroll in personal terms, and therefore can easily be compared to anyone else who sought to leverage their personal wealth against a speculative bubble that helped collapse the economy. Just because he was a very successful entrepeneur for a long time, does not absolve him for responsibility for failure in the end.

He has admitted a mistake, but people continue to be fundamental about the fact that he shouldn’t be punished, should keep his company, is right to “allegedly” try and defraud creditors (the taxpayer), blame someone else for his mistake

Sean, Cant really agree with you. Quinn invested circa 600 million of his familys profits into Anglo, he made an investment decision on the back of Anglo’s figures ( which were verified and signed off by the financial regulator and central bank ).
Anglo’s share price starts to fall, Quinn has to sell his shares, but Anglo cant and wont let him put his shares on the market as the bank will collapse. So Anglo give Quinns companies ( which he hasnt owned since 2002) 2.3 billion to prop up Anglos shares. Disaster then strikes Anglo nationalised, Quinn while disputing the legality of what Anglo had done acknowldged his part in the whole sorry story and stepped up to the plate, and said his families companies would pay back the money, illegal or not ,over 7 years if no interest was added to the debt. Anglo needed a fall guy, a man from Fermanagh with no political allies or friends, who is not friendly with any media and is in fact a practical recluse. Who does not attend gliteratti events, or be photographed in any of the high society venues. A man who lives, works and socialises with his workers and neighbours, Yep he will do and there commenced the massive PR campaign against Quinn. Which incidentially you are paying for.

I hate inaccurate posts. Quinn gave his youngest DAUGHTER the Slieve Russell Hotel (4 star) in 1990 when she was 3 years old, same daughter is now 24. You would hardly consider this a recent transaction. FYI Anglo have taken this hotel.

Apologies Cath…..i made a mistake like thousands of others did. . .

No problem Phil, however your the only one I see printing it. Always easy I suppose to lump yourself in with thousand of unknown others

Caitriona. Really great to see people clarifying inaccuracies… Up with truth!

Typical misinformation from begrudgers

Is it misinformation that he recently sold russian property and a hotel for 2k and a laptop to a family member recently also ?

Not everyone who thinks his behaviour is reprehensible is a begrudger

So do I. Then he give us back the 2.4 big ones he owes us

You obviously from Cavan

He is from Fermanagh!!!

what has cavan to do with it !!!

Surely you know Ballyconnell and Cavan Town (!) are in Cavan ??? Its got a lot to do with it. Its nearly as bad as Saipan ..

the people of ballyconnell and cavan town defending their jobs but to think all cavan people are with Quinn is very misinformed

The country doesnt need serial gamblers like Sean Quinn. Whilst I admire his honesty, its hollow words to his ex employees who depended on him. Its a sad state of affairs.

This country certainly does not need and more greed.

Sean Quinn invested in an Irish Bank that was regulated by the Financial Regulator and supervised by the Government.. He did nothing illegal or improper.
Are you calling the thousands of people who invested in a bank GAMBLERS, who unknown to them had cooked the books and misrepresented accounts with the approval of the Central Bank and the knowledge of the Dept. of FInance?

Agree,if the banks were dangling millions in front of us we would have gone down the same road,

That he did. And let me add when I was 18, one of his businesses was able to provide me with a job (abeit a summer one). I wish him luck but wish he hadn’t had been so greedy.

Stop the press,” Sean Quinn seen at a disused tyre factory “. Sean Quinn also seen, in the newsagents,GAA match, Sunday Mass, out for a walk, Call in the FBI,CIA, ex army investigators ( oh yeah Anglo already spent our money doing that ). If thats the best Anglo has, or you for that matter Eileen, Role on the Court Case. The Quinns will probably win hands down.

I am only curious . It was the BBC reported it . I do not use any of the Quinn products , nor will I . The man made a mistake ? I have made mistakes , but I did not cost any one 1.6 billion Euro . . . . . I couldn’t give a fiddlers what Quinn or you Lou for that matter wins or loses hands down or other wise . He must take us all for fools!

Aaah Eileen,” you didnt cost anyone 1.6 billion,” Im sure you didnt cause we hav’nt heard of you. Likewise I’m sure you hav’nt created 8,000 jobs, paid 1.3 billion revenue in your lifetime to the government. Took on monopolies like CRH, Irish Glass , and Axa making products cheaper for the consumer. Likewise Eileen I am sure you didnt have a multinational company who through 2 recessions 1980′s and current, maintained and supported every member of your staff, without 1 redundancy in 38 years. Eileen , Quinn was the only insurer on the island of Ireland who did not move call centres to India , China or outside Ireland as labour was cheaper, within the last 4 years. And Finally Eileen you mentioned fool not me !

Eileen, bet you never created 8000 jobs or have paid the state over a billion in taxes.
Ps you can be fairly certain you have bought Quinn products whether it be insurance, rooftiles, blocks cement glass bottles, insulation, radiators etc but don’t worry Anglo own it now

Hold on a minute now and I will just get my violin ….. It plays the saddest sweetest music you have ever heard. Change the record , its boring ! There is no point in doing all of those wonderful things and then ending up owing 1.6 BILLION euros ……

Finished? Far from it. Legend! As for you eileen, stick with the musical instruments

Legend ! Whatever ! I see you are a believer :) Keep the faith because that’s all you will have .

Eileen , Did you ever buy a bottle of Baileys ? if so you bought a Quinn product, as he supplies 100% of baileys bottles around the world. Wine bottles, heineken, britvic,lemonade etc, etc . Ever buy a carton of butter ? a carton of tomatoes in the supermarket? if so you probably bought a Quinn product. Quinn might be more well known for insurance, cement, radiators, but I doubt if there is anyone in the country that has not bought one of his products, whether they knew it or not.

I have bought Baileys , Yes , So if he was so wealthy and so fantastically rich How does he end up owing 1.6 billion euros…. Greed . Simple . It is people like him who believe their own press . He is a disgrace . Not a man of honour.

3 christian3
Didn’t anyone ever tell you it is bad manners to shout ! Well the same goes for using capital letters in your posts. I do not like S Quinn ,greed is not attractive. Good night .

So Eileen you were wrong about the Baileys, maybe the butter too????? But I want to ask you a simple question, you adamantly stated 2 hours ago you never bought a Quinn product nor will you. It turns out you were wrong do you not think there is a possibility you are wrong about him ? In answer to your question, The Quinns case in Court is basically that Sean Quinn spent 600 million of their money on shares. The Quinns at the moment anyway are not disputing this money, they lost it “investments can go up or down ” when they could no longer pay for the shares they say that Anglo would not let them sell, as it would collapse the share price of the bank, so Anglo gave over 2 billion to Quinn companies to support their own shares. This is what they are claiming and to date none of the Quinns have spoken to the media. Unlike Anglo, so you, me and the rest of Ireland is only hearing one side of the story. Until I hear both sides, I am inclined to support an Irishman who has done so much for the country for 40 years.

I didn’t say I never bought one of his products, I said I would never again , but that seems impossible ….. So tell me how does a man that has so many business interests owe 1.6 billion euros? and back to my original question how does he expect to start a new company owing that much money ?
Good luck with waiting for the other sides to his story , don’t hold your breath ! Goodnight .

LOUD NOISES!

He owes 1.6 billion cause Anglo attached 2.3 billion of share support money to his companies. Then they took his companies off him so he couldnt pay it. Unfortunatly for him he had personally guarenteed the money, as Anglo have taken all his companies off him, he cant pay anything back. If he was left with his companies he promised to pay it back. But they took his companies, he cant make money without them so he cant pay it back. We should have supported our own and left the man his companies to pay back his debts. In all fairness Anglo are hardly going to run these factories better than the man who built and managed them for 40 years.
Good night Eileen

Very good arguments James.

Omg. Will someone give Eileen an aspirin. Don’t mind them Eileen. He’s very popular as he did provide jobs. You’re not allowed give out about Sean Quinn. The poor wife, now that’s another matter. Ahem!

Easy said when borrowed money is involved.

Hmmm, let me clarify… SQ was able to take a gamble based on borrowed money. What the saying … “You should never gamble what you cant afford to loose “ ….

50 riders 50 horses and 30 well fed hounds to chase down one mangy fox!

Hi Michael.
Now what did I tell you 2 weeks ago on this topic. Stop telling porkies. I also see your side kick Ryan has just joined at the same time as you. You were told and reluctantly conceeded that these outrageous allegations were lies, yet here you are back again 2 weeks later saying the same thing.
So I will be just as repetative as you. 1) We all know he has a mansion in Ballyconnell, where is his other mansion ? Please contact Belfast Court tomorrow and advise them on the several cars as Mr Quinn will need to be arrested for contempt for lying to the Court. Please inform us of the hiding place of the yaught, and the villa, someone will need to tell Anglo, The Courts and The Guards. I also told you that the Quinn Group own a company plane , Sean Quinn does not have a private one. Again You are printing lies which you know to be lies therefore I am reporting your comment.

Your being robbed Michael. Most property is not worth insuring now!

Are you the one that moved house and had no telly?

Yep and I have a telly now. Is this a nightly chat up between yourself, Michael and Ryan ?

Yeah we can’t afford tellys. So were here grumping.

So basically what youve said there is that banks are charitable organisations…. Please.

I think this is what the quinn’s are arguing. It is fairly obvious that senior management as well as the board in anglo knew about the loans as did the financial regulator, department of finance and government. Not sure what they were all up to but they are clearly looking to blame Quinn for all

Yes they are. However this is a separate matter.

Are you for real garreth? How does he pay back the money when Anglo have taken all his companies? Are you seriously saying Anglo takes all the companies but he has to pay 1.6 as well?

Garreth, Why does he have to go for Bankruptcy here? Any money he has goes to Anglo, wherever he declares bankruptcy. The only difference is the 1 year and 12 years. If he is bankrupt in Northern Ireland he owes Anglo 1.6 billion. If he is Bankrupt in Republic of Ireland he still owes Anglo 1.6 billion. There is no follow up. He owes the money, Anglo is the only creditor so anything he has they will get. There is no proving the money, it has been proven. He owes it. Anglo took his childrens companies, that he gave to them in 2002, so he cant repay it. So he declared bankruptcy. Just like I cant pay my mortgage if I lose my job, he cant pay his loans without his companies. Its very simple really

Garreth, I repeat the question “How much has Anglo recouped to date for the taxpayers in this farcical deal and how much do you believe they are likely to recoup?”
The answer is ABSOLUTELY NOTHING. INSTEAD WE ARE FACED WITH ENORMOUS BILLS THAT ARE GROWING BY THE DAY FOR FUTILE LEGAL ACTIONS AND SPIN BY ANGLO.

Naoise, I despair when I read comments like yours. Are you that gullible or do you have a vested interest. If you do believe what you are writing, why dont you answer the question “Do you believe that the thousands of people who invested in good faith in an Irish Bank which was regulated by the Financial Regulator and supervised by the Government are all GAMBLERS given that the books were cooked and falsified?

@3christian3 – Quinn was investing billions into Anglo and acquiring substantial ownership of the bank. Checking the books of Anglo and all it’s commercial relationships, future prospects as well as regulatory compliance should have been basic due diligence. Quinn is now trying to pull his latest stroke by declaring bankruptcy outside the state, the man deserves nothing but contempt. In his eyes responsibility is obviously a concept applicable to others but not him.

Naoise, Quinn did not invest billions in Anglo. He invested 600million of his families money, then the share price started dropping and he had to sell, but Anglo couldnt let him sell or the banks share price would collapse and cause a run on the bank so they gave over 2 billion to his companies to prop up the shares. In relation to the origional investment Quinn claims he did do due dilligence, and verified Anglos books, figures and compliance with the Regulator and the Central bank. Anglos bookes were “cooked” no mention of 7 billion transfers, loans etc, and these figures were sanctioned at the time by the Central Bank and the Regulators office. He is being a man, he has admitted what he did wrong ( essentially trusting the central bank , regulator and government to do their job) By not doing their jobs these people essentially dragged Quinn into their mistakes.

Quinn was borrowing from Anglo to buy shares in Anglo thus pushing the value of his own shares up which if I’m not mistaken is a bit dodge.

Yes you are being totally naive. Quinn companies were extremely profitable and were not trading insolvently. There were no problems paying staff, suppliers or services. The Quinn Group had no difficulties like this. The problems started when Anglo gave the Quinn companies over 2 billion to prop up his Anglo shares, as the bank wouldnt let him sell his shares, as the bank would have collapsed. Quinns companies apart from that had absolutly no problems, did not let go any staff, cut wages or in any way affect his staff until Anglo snuck in in April. There are no criminal investigations into Quinn, and he will be charged with nothing as he did nothing illegal. Meanwhile there are dozens of Criminal investigations into Anglo, and many of you appear to believe everything they say. The mind boggles at the vindictivness, the gullability and the lack of support on this site for a man who has done so much for our country. The country deserves to be bankrupt, and I for 1 totally support Quinn, I hope he wins his case and I hope he comes back bigger and stronger and I also hope Anglo get the commupance they deserve.

My god will people in here get a life mr Quinn owes money to banks and that’s that people in Ireland are going to mount joy for loans they can’t pay 7000 people in Ireland went there if I had my way there be 7000 and one so please stop sticking up for him next thing he be a T.D!!!!!!!!!!!!!!

So Nicey, if it turns out that your house is not built on solid foundations and is collapsing due to subsidence, will you be happy to accept it without question

Your comment is so ridiculous it hardly deserves aresponse but I will anyway. Quinn didnt have 1.6 billion to spend, he wasnt handed 1.6 to spend. Over 2 billion was attached to his companies by Anglo in a desperate attempt by them to stop their share price/bank collapsing. Quinn set up his companies from NOTHING . He dug a hole in the family garden and sold the sand he found. Thus was the start of the most successful private company in Irelands history. The banks over many years gave him nothing , the government did’nt support him and still he perservered, worked on creating massive employment and taking on massive monopolies to reduce prices which benefited you. Suffering, Anglo who have caused his downfall are blaming him entirely, not stepping up to the plate and acknowledging their illegal activities, Anglo have taken every one of his business,s which are located at his back door, The media have destroyed his name, and idiots like you, who are ignorant in the whole matter, spouting rubbish. Yes he will be admired by a great many people, hopefully the Court case next year will bring the truth to the nation. But unfortunatly for Mr Quinn history shows that his true brilliance and vision will only really be appreciated when he is dead, as a great nany Irish men before him.

Shane, you completely miss the point that ANglo is not trying to recoup money for the taxpayer.Why dont you ask them how much has been recouped to date and how much of our money they have wasted on this vendetta,
You are also ignoring the fact that Quinn had a business proposal submitted to the relevant agencies which would have facilitated the return of monies and was approved by Deutsche Bank but this was thrown in his fact in favour of a sellout to foreign bondholders.

Finbar,for the record, I am in no way related or connected to the QUinn family and have never worked for their companies. I do not even live in the same county. Unlike you, I am just an ordinary taxpayer who recognizes when we are being fleeced by the greatest junk bank in the history of our country.

If I were Sean or Patricia Gilheany, I would sue Anglo, elements of the media and some elected representatives for personal injury, pain and suffering, invasion of privacy, loss of their profitable companies and defamation.

They did everything humanly possible to avoid any burden being placed on the taxpayers and it was thrown in their face in favour of a scam that will not see the return of one cent for the people of Ireland.

Typo in last comment.! Should read “If I were Sean or Patricia Quinn, I would sue ANglo, elements of the media, some elected representatives etc. for personal injury, pain and suffering, loss of profitable businesses, and defamation.

No Irish Mother should have to endure what Patricia Quinn endured last week. Isnt it ironic that she was slated for her lack of business knowledge while her husband is consistently being lacerated and ridiculed for his unprecedented business acumen. His failing, like all the other investors in Anglo, was that he believed that he could trust an Irish Bank, the Central Bank and the Government who supervised them.

The Quinns did everything humanly possible to avoid anyburden being placed on the taxpayers and will be able to prove that at the appropriate time. How will Anglo, Gov. etc explain that they recklessly and knowingly squandered billions of euros of our money