I'd say there is a nice percentage of Usc can be attributed to Sean Quinn.
The business was kept local, headquartered local. Executives were local lads who had gone to college. Their parents had worked for Quinn. No one who was going to rock the boat had a senior job there.
No outside influence, no international consultants brought in to make the place more efficient or check all the books were above board.
It was an empire controlled by one man and he made sure it was kept that way.
‘I brought jobs and industry to this region’. Doesn’t mean you get to make up the rules to suit yourself and blame ‘them up in Dublin’ when it all blows up.
He’s still living in a nice house, despite everything. Anyone with eyes in their head wouldn’t be supporting him or paying any attention to him.
Taxes are meant for paying for services and helping less fortunate.
Not to be charged on innocent people to bail others out because of gross mismanagement of the country.
Maybe so but the Insurance Levy would not be there if wasnt for Quinn.
You can interpret it any way u want.
Government taxing people, shock horror - what do u expect them to do? Hand out lollipops..?
Maybe so. Doesnt make it right.
You mean his minions that call him a great fella? He wouldn’t piss on them if they weren’t working for him and making him money. This myth about him being a man of the people and looking after everyone is exactly that, a myth. He paid people a wage for making him money. If he could have gotten people in for cheaper he’d have done so. It’s called business.
Quinn didn’t give one toss about any of the people he had working for him. He was hell bent on gaining as much power as he could get. He didn’t give a shït about his children either, to say he was doing it for them is just lies. The man had a massive ego and it was his downfall. How those morons up that side of the country can still back him is just ludicrous.
Sean Quinn did not force me to pay:
All of these new taxes were introduced by Fianna Fail and are continued by FFG. It is the Government I blame 100% for all these extra taxes I am forced to pay because of their mismanagement of the country. They could have made it so that it was not possible for Sean Quinn to do what he did. When the collapse did happen, they could have made it so that I didn't have to pay.
FFG have cost me thousands.
It's the ones that call him Daddy I really worry about.
He is involved in the programme precisely because it makes ‘good TV’ therefor impacts on the viewing numbers
I just call him The Bollix
But they knew that Quinns cfd exposure in the bank was a disaster and that it needed to be unwound. At least if they got the 25% holding into straight shares that would have been out of the control of the speculators as Quinn and the others could have just held the shares. Even after they tried to rescue him and the bank Sean Quinn bought more cfds . If Quinn had been upfront with fitzpatrick and drumm earlier they might have been able to salvage the situation, they knew alot more about this stuff than Quinn
The thing about cfds is that quinn did not own the shares so speculators could speculate on his holdings forcing him to keep pumping in millions for margin calls.
If quinn had done this earlier he could have rode out the problems although he still would have owned a bad bank but he would out of the control of the speculators
I think ultimately Sean Quinn kind of ran his businesses like a local corner shop - sure my name is over the door, it's all my money
He was prob trying to take over the bank and add that to the group, and used the CFDs to do it under the radar, trying to be a cute hoor about it. If it was 5 years earlier it might have actually worked, if he just bought the shares outright with cash he might be ok as well - would have lost a fortune but wouldn't have been sucked into stealing the money from quinn direct or owing billions to anglo/ibrc, which was his ultimate undoing
My own view is that he’s never taken proper responsibility for the mess he created- there’s always “others” mentioned- ultimately it was his decision to invest in Anglo with money he didn’t have. Compliance and the law were not high on his list of priorities but yet banking and insurance are very much based on rules and regulations, no matter how lax an attitude there was in the 2000s.
Then trying to place assets beyond the reach was again an act which showed no respect for the rule of law.
Greed and ego is what I’m getting from the documentary- had he stuck to the knitting he’d still be doing what he once did well, today. There’s too many people out there on the breadline for me to feel sorry for a former multi billionaire - he’d have a lot more respect from everyone today had he held up his hand at the time and said “I did wrong”- whatever he’s saying now is way too little and way too late.
Quinn took money from a regulated entity to prop up failing parts of his empire if you're caught at that at the scale that Quinn was doing it in the US you're going in an orange jumpsuit he also hid his involvement in Anglo lied to shareholders etc very big no no's in America.
Anyone who calls him Sean knows everything about him.
Anyone who calls him Seanie knows nothing about him.
Strictly speaking, our national debt ballooned on the back of a collapse in tax revenue and an explosion in social welfare expenditure.
The bank bailout, while very expensive, accounts for less than 15% of the national debt.
He broke a **** ton of rules by not declaring his interest in Anglo with the CFDs. Also took money out of regulated business. The one thing the USA takes seriously is white collar crime. He would be in a orange jump suit.
Anything else stressing you out?
Everything I stated there is factual, Seanie contributed with his big gamble and lost, took the ordinary Irish citizen with him to the gutter.
Don't forget USC was directly attributed to the bailout of which Seanie was a main cause.
If every pay slip had a real breakdown of where the USC goes, mentioning why it is in place and who caused it, the public would be better informed.
You are probably one of the CIC crowd who marched for Seanie in 2012. He lost control of his assets as he gambled and LOST after disastrous investments in Anglo Irish Bank.
No different to betting the house on red and black comes up, except he didn't do it with his cash!!
The worst bit then is he is the victim, if he was in Iceland he and the rest of the Golden Circle, the Maple 10 and his 6 kids would most likely be in jail, but this is Ireland, where there are no consequences for architects of our massive national debt!
was not the first time he got a big fine in the early 2000s for raiding the insurance fund to prop up other parts of his empire.
Typical reply from someone who knows nothing about the man.
He has a lifetime of previous for sure.
For creating employment in a region where the rest of the country never gave a damn about.
More than a mouthpiece like Dukes every achieved.
What thwy dont like though is corporate criminals and fraud.
Nope. I’m just someone who doesn’t fall for the shït that Quinn and his cult of followers are forcing themselves to believe. Undoubtedly dodgy from the start of his career, he was dodgy to the end. He no doubt still has money stashed away but the amount doesn’t matter, the bitterness from no longer holding any power is eating him from the inside out. No matter how much money he has stashed away, it won’t make that bitterness and hatred that he has disappear and it’s glorious.
Not true at all.
America love risk taking entrepeneurs, and laud failure as much as success.
Well said! If Quinn had did what he did here in the USA he's be doing 100 years in an Orange jumpsuit.
Could be worse,they could have wheeled out Diarmaid Ferriter the only historian in Ireland!
That's a massive irony as well if he'd stayed out of Anglo and banking in general he'd have been perfectly placed to pick a load of property during the crash for half nothing and turn a massive profit on it now. He'd have been paraded around like a hero by Kenny and Noonan and the rest of them
We are indeed, what tax/levy/tempiorary measure has ever been lifted from the cashcow that is the Irish tax payer? They just rebranded it as "stamp duty"...!
He added that these levies were often introduced on a temporary basis, but ended up being permanent, such as the PMPA one that is now called stamp duty.
Wow you managed to be sanctimonious, arrogant, pompous and condescending all in one post! You're not a related to Dukes by any chance?
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