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Sean Fitz arrested?

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  • Registered Users Posts: 19,018 ✭✭✭✭murphaph


    Well, that's where he lives but who knows. I hope somebody is brought to book because I'm sick of the PS unions using it as a reason not to take paycuts lol.


  • Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    yep must be him, i wonder how many men in their 60s in a town of 18000 are under Fraud investigations ;)

    However, Anglo is entitled to pursue Mr Fitzpatrick for any assets including his family’s home in Greystones, Co Wicklow

    source


    actually from the same article few days ago
    However, the situation becomes more complex if some assets are held jointly or have been transferred to the ownership of other family members, as well as if they are held in foreign jurisdictions.

    :cool:


  • Registered Users Posts: 1,443 ✭✭✭Byron85


    Well it took them long enough didn't it? It'll be interesting to see how all of this unfolds over the next few days.


  • Registered Users Posts: 6,468 ✭✭✭Oafley Jones


    Confirmed as Seanie on the news.


  • Registered Users Posts: 26,458 ✭✭✭✭gandalf


    Confirmed on the IT as well.

    Lets hope they do take action and convict all those who did work outside the rules and help make this crisis far worse for Ireland because of their blind greed. If there is justice in Ireland this should be the first of many arrests (and hopefully convictions). Otherwise all we will do is incentivise a new generation of chancers to plunge the country into economic catastrophy for short term personal gain in the future.


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  • Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    deadtiger wrote: »
    Otherwise all we will do is incentivise a new generation of chancers to plunge the country into economic catastrophy for short term personal gain in the future.

    bailing out the banks (again) has shown any current and future bankers that its ok to take on crazy risk since:
    * they wont be the ones cleaning up the mess
    * and they will be the ones claiming the bonuses for short-termism


  • Registered Users Posts: 4,693 ✭✭✭Laminations


    rte.ie/business/2010/0318/anglo.html
    There might be some justice yet


  • Registered Users Posts: 11,907 ✭✭✭✭Kristopherus


    Hopefully not the only arrest. And its convictions that are required.


  • Registered Users Posts: 26,458 ✭✭✭✭gandalf


    ei.sdraob wrote: »
    bailing out the banks (again) has shown any current and future bankers that its ok to take on crazy risk since:
    * they wont be the ones cleaning up the mess
    * and they will be the ones claiming the bonuses for short-termism

    Only if those in charge of those banks get away scot free.

    If we find that the banks have been bailed out and those who were in charge and made crazy decisions get punished then I won't be as angry.

    Unfortunately I am an eternal optimist and the people in charge of governing this country and those in the justice system always seem to disappoint me.

    If those who were in charge of management of the major banks and who did take risks that put those organisations in harms way and even worst the economy of the whole country at jeopardy are not dealt with in the harshest manner then how can we expect the ordinary taxpayers of this country to knuckle down to get everything back on track again.


  • Closed Accounts Posts: 1,697 ✭✭✭MaceFace


    Fantastic news.

    I hope that this development will go someway towards quelling the conspiracy theorists that exist in certain peoples heads (looks around suspiciously)

    Of course, this should have been done a long time ago, but better late than never.
    Now, lets hope the move through the legal process is more swift wioth Seannie as well as moving on to all others who may have acted inappropriately.


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  • Closed Accounts Posts: 3,859 ✭✭✭bmaxi


    Let's hope the Gardaí had all their i,s dotted and t,s crossed before making the arrest. I can see the technicality word already.


  • Registered Users Posts: 4,693 ✭✭✭Laminations


    Hopefully more will follow. I really want to see David Drumm dragged back from the states where he is busy buying mansions. And we must remember this is just an arrest, there is no charge yet but Section 4 of the criminal justice act under which Fitzpatrick was arrested carries sentences in excess of 5yrs. I read on another site that Anglo are about to reveal losses of 14 billion, the largest ever recorded in the state so is the timing of this arrest merely coincidental?


  • Closed Accounts Posts: 3,305 ✭✭✭yoshytoshy


    The first bit of good news about anglo ,in a long time.


  • Registered Users Posts: 7,338 ✭✭✭bladespin


    Has to happen, if the government aren't seen to take a hard line on these guys they'll never see a dollar invested here, least not in anything financial.


  • Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    deadtiger wrote: »
    Only if those in charge of those banks get away scot free.

    If we find that the banks have been bailed out and those who were in charge and made crazy decisions get punished then I won't be as angry.

    Unfortunately I am an eternal optimist and the people in charge of governing this country and those in the justice system always seem to disappoint me.

    If those who were in charge of management of the major banks and who did take risks that put those organisations in harms way and even worst the economy of the whole country at jeopardy are not dealt with in the harshest manner then how can we expect the ordinary taxpayers of this country to knuckle down to get everything back on track again.

    Sean is just one of many people who held/hold high positions

    when scamming the banks/government, its all about timing your exit and when to "bail-out" of the train before it hits the wall

    banking would usually attract the risk takers, when knowing that your chances of being arrested are minuscule there's every incentive to give out bad loans and make bad investments, especially when your get bonuses based on short term performance

    unfortunately for Sean F he got caught with his pants down, and rightly so


  • Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob




  • Registered Users Posts: 7,594 ✭✭✭eigrod


    If they get a conviction, they should take him on a perp walk from the new courts, up the quays, up O' Connell St and on to Mountjoy.


  • Banned (with Prison Access) Posts: 23,089 ✭✭✭✭rovert


    Fingleton must be sweating bricks


  • Registered Users Posts: 9,798 ✭✭✭Mr. Incognito


    There has NEVER been a conviction for white collar crime in this country.

    Here's hoping.

    This nonsense has to be rooted out once and for all.


  • Registered Users Posts: 24 allucinator


    Oh dear,oh dear! do you people REALLY think anything is going to change in this country? Fitzpatrick might be hung out to dry as a scapegoat (tho I doubt it) but nothing will change. We will still have the misfortune to live in a very, very corrupt little country. And oyu know what? We deserve it cos we just keep on putting up with it.


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  • Registered Users Posts: 240 ✭✭saltie


    Oh dear,oh dear! do you people REALLY think anything is going to change in this country? Fitzpatrick might be hung out to dry as a scapegoat (tho I doubt it) but nothing will change. We will still have the misfortune to live in a very, very corrupt little country. And oyu know what? We deserve it cos we just keep on putting up with it.

    So what can we do about it?


  • Registered Users Posts: 24 allucinator


    saltie wrote: »
    So what can we do about it?

    It has to be radical change. Two options: 1. For a quick solution, take to the streets and revolution. Not gonna happen, which is ironic given our history.

    2. Longer term, change the way this country operates (possibly from within): government, banks, church, business, education, the lot!


  • Registered Users Posts: 240 ✭✭saltie


    It has to be radical change. Two options: 1. For a quick solution, take to the streets and revolution. Not gonna happen, which is ironic given our history.

    2. Longer term, change the way this country operates (possibly from within): government, banks, church, business, education, the lot!

    I like 1. As you say never gonna happen, we`ve become too passive


  • Registered Users Posts: 24 allucinator


    We've become too comfortable. We're in a "fur-lined rut".


  • Registered Users Posts: 26,958 ✭✭✭✭Dempo1


    I sense one or two developers will also be sweating, i see NAMA has also wrote to some developers seeking any information on (Convenient) property transfers to spouse and family. Hopefully this arrest is the start of a major clean up and prosecutions of a very small amount of high flyer's who have destroyed the economy.

    Is maith an scáthán súil charad.




  • Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    anyone else think

    that this is all a distraction for the media

    shortly before Anglo is about to announce a record 14billion loss

    http://www.independent.ie/business/irish/anglo-irish-banks-bad-loan-losses-expected-to-reach-836414bn-2102830.html


    while the sheeple are entertained and distracted with Sean, the actual bad news is pushed out of view

    very cunning me thinks ;)


  • Closed Accounts Posts: 1,409 ✭✭✭Butch Cassidy


    There has NEVER been a conviction for white collar crime in this country.

    Here's hoping.

    This nonsense has to be rooted out once and for all.


    Never ever? Really?


    The first thing I noticed abuot this story is that RTE and some papers have named and pictured him as well as named Anglo. TV3 in their news bulletins have neither mentioned his name nor the bank just generic terms like "a former executive of a financial institution".

    Any potential case will obviously be prejudiced and there'll be no conviction. Absolutely sickening ahead of the EU saying they want more cuts and November's budget will obviously be written in the next few weeks.


  • Registered Users Posts: 4,693 ✭✭✭Laminations


    ei.sdraob wrote: »
    anyone else think

    that this is all a distraction for the media

    shortly before Anglo is about to announce a record 14billion loss

    http://www.independent.ie/business/irish/anglo-irish-banks-bad-loan-losses-expected-to-reach-836414bn-2102830.html


    while the sheeple are entertained and distracted with Sean, the actual bad news is pushed out of view

    very cunning me thinks ;)

    Yep, I think the announcement of these massive losses likely determined the timing of this arrest.

    I don't see why they bothered searching his home 2 years on, like he would have left incriminating documents lying around all this time.

    I'll also take this opportunity to say I really like your posts on NAMA and the reasons it will fail. As the flaws in NAMA are being pointed out, supporters of this mass robbery device are changing their tune to suggest its aim is anything and everything other than what we were told it was before (increase bank lending) and what we'd get for it (break-even or a return).


  • Banned (with Prison Access) Posts: 34,567 ✭✭✭✭Biggins


    I suspect that he is only the tip of the iceberg and the rest will slither away quietly.


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  • Registered Users Posts: 19,889 ✭✭✭✭Cyrus


    just wondering, everyone that wants him jailed and that are looking for convictions etc

    what crime do you want him charged with and what time do you expect that he will do?

    Also, to the poster that thinks that a few high fliers brought this country to is knees :rolleyes:


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