Who thinks Sean Quinn is a great businessman now?

Nearly sounds like he’d lost his marbles a bit to me.

PMSL, they lied to Quinn! They didn't have a rashers what Quinn was up to until it was too late, not that they covered themselves in glory when they found out.

We keep hearing about how Quinns interests in Anglo was formed through CFDs but the thing that's never sat well with me is that when a CFD goes south, the loser typically pays the difference between the contracted price and the current share price, no shares are necessarily bought or sold.

When Quinns CFDs went south, he purchased the full amount of shares, almost as if it was written in the contract that neither the buyer or seller could just pay the margin, so not your common or garden CFD.

With this in mind you have to ask yourself why anyone would enter such a transaction and the only explanation I can think of that might be plausible is that it could have been a botched takeover attempt with a side order of Quinn sharp practice by circumventing stock exchange rules about disclosure as he built a controlling stake.

Well while there are a lot of similarities there are some critical differences imo

He did this successfully for long enough to get it to a scale where he could insulate himself from the risk.....unless of course he bet the house on an unseen flop....

Seriously though, once you get to a certain scale you can take a lot of "risks" that you are effectively insulated from that to business people at lower levels would be real potentially life altering game over risks

Have a problem with your insurance, buy the insurance company, set your own premiums, maintenance on 2nd hand machinery a problem.....buy new, lease nearly new stuff out to the council etc etc.......make lots of new "friends"

Of course you have to have the balls/luck/contacts/appropriate people to bribe to get to the promised land....and there will be competition and you will be fighting your own arrogance propensity for gambling too etc

Thats a flavour of the game the likes of Musk/Bezos et al are really involved in too...and it is just a game/competition to them imo

More like changed his horse mid stream.

https://www.leitrimobserver.ie/news/home/975343/sean-quinn-no-longer-supports-rte-documentary-quinn-country.html

Dukes hit the nail on the head.

The anger of locals should be directed at the quinns.

Were any jobs lost in the area? Are Mannok succesful too?

Their "contacts" couldnt touch a political appointee like Dukes. They just wouldnt have survived that. Unfortunately for Kevin Lunney and others they were deemed fair game.

Jaysus, he owed 3bn+ and expected the Alan dukes and the lads to just say "no bother Sean, you work away and pay us back when you can"

It would be interesting to know though what actually happened - like why was Sean quinn seen as toxic when the other two guys were not, have they repaid all the money etc etc. Would love to know what sort of changes were demanded and implemented but they prob won't go into that detail

Knew most of the story but interesting none the less to see it play out from the start. What struck me is Quinn just became involved in an area that he knew little about. It snowballed very quickly. One piece of me feels a bit sorry for him but another part doesn't as surely people around him would have been telling him to stop. He strikes me as a man who once he has it in in his head this is the way to go that's it. Nick Lesson took down barings banks basically betting on the way a stock market would move. He had to continue to make margin calls and the bankers allowed it to happen so Quinn was in the same position and he was aided by Anglo.

The part that Sean Quinn has no comeback from was him trying to defend looking for more money and not accepting the game was up. If your 3bn in the hole you can't expect and support the game is over. I wonder why has he done this documentary. Why is his reason for it. The timing is strange in my opinion. Rte obviously approached him and said do you want to be part of it. Strange he'd do it as he's little to gain form it. It was always going to show him up in a bad light.

People will in general have little sympathy for him as it done so much damage to the country. Alot of people played their roles in this saga and ultimately it go's down as a dark period in irish history. Wonder how much the last part will touch on the aftermath. Probably not alot as i still think the police are probably looking at finding more involved. I'm not up on how the family side faired in all this. That would make for another good documentary. Enjoyed the first two parts as it was good see it all put together from the start. The whole intimidation saga and the kidnapping would make for a great documentary that Netflix would do a good job on. Not sure rte would be up to the job on that.

@Buster197456

He said it himself that when you die, you can't take the money with you. All you're left with is your reputation. He seems like he wants to recover his, although PR isn't his strong suit and he's so old fashioned that he probably thinks RTE is a suitable vehicle to that end.

its funny that he says that the documentary doesnt tell his side of the story when its himself in nearly half the footage telling the story from his perspective.

even the side of things that he was so great to have set up all the businesses, you'd wonder how much of it was real success or how much was cross subsidisation of potentially loss making arms from the insurance, and you'd also presume that the group has massive loans for the likes of the glass plant which means that the banks owned the quinn group the whole time, not Quinn (or his kids)

No time for him or his ilk.

2% insurance levy (remember Quinn insurance was sold to liberty for €1)

Contributed to bankrupting the country! Don't forget the bailout, we are and your kids kids will be paying for it for a very long time. We pay circa €8Bn a year interest on our national debt, a huge sum....

The €100k wedding cake for his daughter's wedding.

Son and nephew in contempt of court, jailed forn3 months (think they fled jurisdiction)

Son in law with his right to forget on the internet!!

Take off the rose tinted glasses Seanie, get off the tele and apologies to the people of Ireland.

Just had a look on Google maps, and the signs are in English and Polish.