So ?

Snowie

Do you think this is a good idea ?

http://www.breakingnews.ie/ireland/eyojmhkfgbql/

Anglo proposes to invest €700m in Quinn
Print
09/04/2010 - 00:22:44
Anglo Irish Bank is proposing to invest €700m in the Quinn Group.
If the plan can be agreed, the state-owned bank would become a majority shareholder in the Quinn Group of companies.

Coriolanus

Well, no doubt FF boys will get places on the board when they retire from politics. Wonderful idea imo. :rolleyes:

Swampy

What a joke.

Rabies

Do you want an a real answer or a hate filled one sided AH response?

I can move the thread if you want, but I presume you don't

I miss the Lisbon threads

galwayrush

A country ran to the ground by gob****es, no real surprise here:mad:

Dave!

I don't know anything about economics so don't know if this is a good idea or not

SeaFields

As a matter of interest how many would still consider insuring their car with Quinn after this?

If ye saw Primetime lastnight the story was basically that Seanie Quinn was taking all the money paid in to his company in insurance premiums and instead of doing the right and legal thing :rolleyes: and putting it aside for claims he was throwing it in to Anglo (and the dotcom bubble before that) to make a quick buck out of shares....:mad:

My insurance ain't up for a few months but if Anglo or government (i.e. the taxpayers, us again) "decide" to bail him out Im going to move my insurance.

Might be a small gesture but one that would make me feel better.

Pherekydes

Dave! wrote: »

I don't know anything about economics so don't know if this is a good idea or not

So, are you an economist working for the banks or Government?

Pherekydes

SeaFields wrote: »

If ye saw Primetime lastnight the story was basically that Seanie Quinn was taking all the money paid in to his company in insurance premiums and instead of doing the right and legal thing :rolleyes: and putting it aside for claims he was throwing it in to Anglo (and the dotcom bubble before that) to make a quick buck out of shares....:mad:

And now Anglo are tossing it back. Back and forth it will go until there's nothing left.

At least the regulator may refer this case to the Gardaí and charges may be brought and perps may go to prison.

We can but hope...

dr.bollocko

I have strong opinions about this and not a clue what I'm talking about.

Pherekydes

Rabies wrote: »

Do you want an a real answer or a hate filled one sided AH response?

Would they be different?

keano_afc

I was never asked about this. Its some of my money, after all.

TheZohanS

I heard their menstruation attracts bears.

Schism

TheZohan wrote: »

I heard their menstruation attracts bears.

You hear that Anglo? Bears, you're putting the whole insurance group at risk!

Hagar

Sweet baby Jesus. Somebody shoot somebody. That is surreal.

A failed bank get public money and they give it to a failing insurance company. I'm just waiting on Jeremy Beadle to jump out from behind a potted plant.

geeky

Wow. The state-owned bank is now proposing to take over one of the country's largest insurers.

I don't know which to feel - disappointment that the socialist revolution is coming about in such a flawed way and without public support, or schadenfreude that Seanie Fitz and other market-worshiping hacks have brought it about.

alias141282

On primetime last night they were saying that Anglo would put in 700 million but also that the State (i.e. taxpayer) would have to bail out the bondholders in Quinn insurance to the tune of 4 billion. :eek: I'm not joking.

Hank_Jones

Surprised nobody has mentioned the fact that Quinn owe Anglo something to the tune of €2.6 billion.

So basically Anglo are trying to recoup money by taking a large percentage in a failing company...

Genius...

Ciaran187

I've moved to axa. And for reasons I will not go into, I of all people should stay with Quinn. Just one point to bring up about Sean investing premiums in Anglo, insurance is a loss making business. The only way to make money is to invest it. He just did it wrong. Too much money invested and a bad investment. Simples.

dr.bollocko

Hank_Jones wrote: »

Surprised nobody has mentioned the fact that Quinn owe Anglo something to the tune of €2.6 billion.

So basically Anglo are trying to recoup money by taking a large percentage in a failing company...

Genius...

Sounds like a solid plan. After that we can buy bebo back from AOL. They'll take less than half what they paid for it.
Quids in!

Fago!

Down with this sort of thing!

meditraitor

Whats the crack with the bloody bears?

Cherrycola

Im not surprised Quinn has all this money to throw into Anglo, considering we all pay huge insurance premiums and then never claim on it when we need to for fear of our premium rising even further!!!:mad:

Its a win win situation for insurance companies in Ireland, we all buy it, but hardly any of us use it! Great business to be in!:mad:

mikom

meditraitor wrote: »

Whats the crack with the bloody bears?

You hear that, Ed? Bears. Now you're putting the whole station in jeopardy.

Le King

Jesus Christ, some people never learn.

Chorcai

I'd say Sean Q had a right good ****, I know I would.

KevinVonSpiel

1st wrote: »

Sweet baby Jesus. Somebody shoot somebody. That is surreal.

A failed bank get public money and they give it to a failing insurance company. I'm just waiting on Jeremy Beadle to jump out from behind a potted plant.

If he does, sh/t yourself, he's a vuckin' zombie.

galwayrush

I expect if this deal goes through, it will entitle the top people involved to receive massive bonuses.:rolleyes: