Accountability Rambo! When has that been done here? Never, the Dublin media seems to focus on him and seems to be making him the whipping boy for the economic collapse. Have you any evidence for your accusations against him? If not you should be careful what you say on a public forum..
Maybe not in your part of the country, but right now in my part of the country we've two gangsters in court over a shooting, one already jailed is giving evidence against another one. Quinn has done time in jail too... but don't worry. You haven't seen the end of this saabsaab your hero will be held accountable. Like Hutch it takes time, but eventually his little campaign will catch up on him.
What campaign?
Are you implying that he is behind and I quote you verbatim..
'Then, there's the beatings, intimidation and vandalism aimed at local employers and other Irish entrepreneurs, business owners and investors.'
?
I very much doubt that anyone will be making him or anyone else involved in the financial collapse accountable. If it was to happen it would have been done by now.
You're confusion will be all cleared when the chickens come hope to roost saabsaab.
What would you do in the circs?
I'd probably not have cost the State €6 billion by using a Building Society as my own personal investment fund, hugely concentrated in Irish residential property and with no sensible corporate structure for a bank of its size.
All fair points but don't see why his family is to blame.
You seem rather angry about INBS specifically. Nothing about the other 90% of the taxpayer losses from the other banks. Did you have bad dealings with Fingleton or the INBS previously?
My view is that Fingleton and Drummer/Fitz are being scapegoated.
I'm not confused. the gravy will be gone well cold before that ever happens.
The bad dealings I had with Fingleton was the potential €10k-€15k demutualisation windfall that I would have received if he/they had done the sensible thing and sold out to the Icelandic shower when the market was booming;
I had no direct involvement in Anglo, so perhaps I'm less invested there, though I know the losses were bigger. The problems at Irish Nationwide were well established, and were covered at AGM time every year, so it was a very avoidable loss.
Maybe Desmond will end up banging heads in a family row.
https://www.irishtimes.com/business/2022/12/13/michael-fingleton-asked-to-disclose-financial-means-in-ibrc-case/
They have had a long time to prepare and get all the ducks in a row, lawyers now wanting their cut.
Do you not think he is contributing to the media attention? He seemed a willing participant.
Extract from an interview about the accusations made against him
"Quinn said Lunney didn’t deserve what happened to him, but that he also didn’t deserve to be named as the organiser.
He said: “I don’t think anybody, regardless of what way they’re annoyed, should have stooped to the level of what they done to Kevin Lunney.
"That should never have happened. Human beings don’t do that to each other. But there’d be doubts in people’s minds, you know.
'"How come there’s television crews from all over Ireland promoting this thing about Sean Quinn and he was responsible for the abduction of Kevin Lunney.’ People do believe that…
“What they done to us is unbelievable. It was hard to believe they’d go and try to take the business off us but now to try and make us criminals being involved in Kevin Lunney’s attack."
Are you surprised that he would deny involvement? If nothing else, we can be certain that self preservation is an instinct Sean Quinn possesses.
What evidence have you or anyone else against him?
I’m not a Court, it is not my job to collect irrefutable evidence. But if it walks like a duck and quacks like a duck, most often, it’s a duck.
That's a view profoundly at variance with the known facts.
Fingers greatly enriched himself (and hence his family) through, if not outright fraud, the extremely negligent running of INBS while the bank was, not uncoincidentally, paying him unbelievable sums of money.
INBS's share of the net bank bailout cost is more like 25-30%. AIB and BoI paid back large sums to the state, all of the taxpayer's money put into Anglo and INBS might as well have been set on fire. A €5.4 billion hole in the books for a bank as small as INBS shows that it was a shockingly badly run organisation even by Irish banking standards.
Drumm is a convicted criminal who set out to defraud the taxpayer. Fingleton has played a blinder delaying legal action for 10+ years. Fitzpatrick we know all about. Scapegoats my hole.
Saabsaab, grow up, cop on, read between the lines and take your head out of Quinns arse.
Was it Q anon that did it?
No evidence then. As I thought you just like to make baseless comments.
Do we have to have evidence to have an opinion?
Yes Sean Quinn is a great entrepreneur. But stock markets are a different beast. Beware the beast.
Someone call?
I'm not saying Quinn had anything to do with what happened to Lunny. But having watched the TV programmes, I got the impression that Quinn wasn't woefully upset at what happened to Lunny and certainly Quinn's wife seemed to be very very bitter against Lunny. Extremely so.
If he was a great entrepreneur he wouldn't have done the equivalent of putting his entire business on black at the roulette wheel. If he was a great entrepreneur he wouldn't have got involved with complex financial instruments he didn't have a breeze about. If he was a great entrepreneur he wouldn't have risked the jobs of everyone in his companies by doing the above. If he was a great entrepreneur he wouldn't have run an insurance company fraudulently as a cash cow to try to bail out the rest of his empire and we wouldn't all still be paying for that for years to come.
Feeling that you're master of the universe because you've mastered one area, and then betting the farm on something else (in the belief that you can master that too) isn't new.
We've just seen Elon Musk do exactly that with his cash cow by buying Twitter. It may yet mean the end for him and Tesla.
It could be argued that Denis O'Brien has done something similar. He has remortgaged his mobile license cash cow more than once. That has yet to fully play out.
There are exceptions. Richard Branson took his cash cow - Mike Oldfield's Tubular Bells; remember that? - and turned it into a billion dollar empire.
D.
Entrepreneurs are risk takers. The greater the risk the higher the potential return and the larger the potential loss. Most who do make a fortune are simply in the right place at the right time, but more lose than win when the stakes are big. That's what the financial crash showed. Some people then throw good money after bad, usually because their ego is so big. Some are lucky and manage to turn it round, but that usually requires a change in leadership. When the leadership is also the owner the risks are typically higher and the falls typically greater.
O'Brien lost about half a billion with his little foray into Independent Newspapers. He could still lose more financially and reputationally as the various investigations play out.
It was about control in the end for Quinn he was and is a control freak losing the money didn't even bother him losing control of the business is what killed him inside.
Had not seen anything about CFD being from the kids, not one of them is qualified to understand them, maybe they thought is was like having a bet at the bookies on an even/odds on favourite, wonder if they/Daddy even knew it was a supreme gambler in J P McManus on the other side of the CFDs.
It is ridiculous that this family owns a bookie company, Quinnbet.
Unhinged, yes, many see this as a basic quality in an entrepreneur, look at Musk.......
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