The Baron of Ballsbridge goes into Receivership

Slideshowbob

http://www.rte.ie/news/2011/0722/nama-business.html

So the man who snapped up a large proportion of overpriced property in recent years is now also in receivership ...

SBWife

His loans were already in NAMA. What's new is NAMA has now appointed a receiver meaning this proposed business plan for the properties and associated debt has been taken off the table and the receiver is now charged with managing the properties on behalf of the secured debt holders in this case NAMA.

Dob74

And he's walked off with enough bread to start up business near New York.
If he failed hear I am sure he will fail in the US.
Some dole head got 12 years for ripping the country off by 250k.
250 million you get a new life in the states. What a great justice system we have:mad::mad::mad:

Slideshowbob

Dob74 wrote: »

And he's walked off with enough bread to start up business near New York.
If he failed hear I am sure he will fail in the US.
Some dole head got 12 years for ripping the country off by 250k.
250 million you get a new life in the states. What a great justice system we have:mad::mad::mad:

er
Yes it seems there is no social justice to this crisis.

SBWife

Slideshowbob wrote: »

er
Yes it seems there is no social justice to this crisis.

The folks in Greenwich haven't actually welcomed them with open arms and they've found out all about local planning laws the hard way.

CiaranC

SBWife wrote: »

The folks in Greenwich haven't actually welcomed them with open arms and they've found out all about local planning laws the hard way.

Im sure hes crying over his Lobster Thermidor as we speak

Degsy

How his wife afforded a multi-million euro house in D4 on a lifestyle reporter's wages is another scandal.

SBWife

Degsy wrote: »

How his wife afforded a multi-million euro house in D4 on a lifestyle reporter's wages is another scandal.

It was bought by Dunne in his wife's name through a trust, there was never any question of her buying it herself. It'll take a little longer and the solicitors and barristers will make a load more money but eventually whatever it's worth will end up in the hands of those he owes money too.

Crazy Horse 6

Dob74 wrote: »

And he's walked off with enough bread to start up business near New York.
If he failed hear I am sure he will fail in the US.
Some dole head got 12 years for ripping the country off by 250k.
250 million you get a new life in the states. What a great justice system we have:mad::mad::mad:

Us and them pal, it never changes.

rodento

Hang on a second, what crime has Mr. Dunne committed:eek:

:rolleyes:

SBWife

rodento wrote: »

Hang on a second, what crime has Mr. Dunne committed:eek:

:rolleyes:

So far I'd say he's guilty of being a bit of a chancer and paying too much for property. If that's a crime the government better start converting ghost estates into jails pronto because a significant section of the population could be found guilty.

CiaranC

rodento wrote: »

Hang on a second, what crime has Mr. Dunne committed:eek:

:rolleyes:

Who said hes commited a crime? Its never been illegal for the rich to rob this country blind.