Seanie Fitz "on €188 a month"

Liam Byrne · 23-09-2010 11:48AM #1

The attention-grabbing headline of Seanie being "on €188 a month" is a con!

He receives €3,693 AFTER TAX. If he has liabilities & bills to pay from that, it means he's like the rest of us surviving on €50 or so a week DISPOSABLE income.

And most of us don't have our houses and cars in our wife's name!

So he and his FF buddies can f**k off with the twisted sob-stories! :mad:

JonathanAnon · 23-09-2010 11:50AM

He was on 70k a week in 2007, you think he would have put some of that aside and not gambled it all.. The man is lucky to have his liberty, so I dont want to hear his sob stories.. He helped ruin the country..

Drumm is the one that really gets my blood boiling though.. For the Government to say that "he's in the US and we can touch him" is just not good enough... The man is living in a 4 million euro house (i.e. I mean he was on 90k a week in 2007) while everybody here is on the breadline (partially due to Anglo).

Biggins · 23-09-2010 12:24PM

I don't believe for one second he is on €188 a month.
A man of his long, vast experience, contacts, ways and means would know exactly how to make it look that way but as for money stashed away somewhere outside the state, I have no hesitation in thinking he is still well off with foreign accounts elsewhere.

Sir Oxman · 23-09-2010 12:58PM

It's the gall of the little bollicks, another little technicality, he and his well-paid advisors can claim - and a kick in the balls to the ordinary people out there who actually are down to their last penny every day of the week.
Fitzpatrick thinks it's funny and two fingers to the rest of yis.

djpbarry · 23-09-2010 01:40PM

Liam Byrne wrote: »

The attention-grabbing headline of Seanie being "on €188 a month" is a con!

He receives €3,693 AFTER TAX. If he has liabilities & bills to pay from that, it means he's like the rest of us surviving on €50 or so a week DISPOSABLE income.

My own thoughts exactly upon seeing the headline in this morning’s (yesterday’s?) paper - the guy is still pocketing about €44,000 per annum. Boo hoo. It’s sensationalist nonsense, as is the following...

JonathanAnon wrote: »

...everybody here is on the breadline...

gambiaman wrote: »

...the ordinary people out there who actually are down to their last penny every day of the week.

Nijmegen · 23-09-2010 02:16PM

His wife and kids are awfully rich. Somehow.

No wonder he has that big smile on his face.

PeterIanStaker · 23-09-2010 02:26PM

He signed over all his assets to the missus and then declared himself bankrupt the cute hooir.

Here's hoping Mrs Fitz runs off with Horst the ski instructor and takes Seanie boy to the cleaners.

rightwingdub · 23-09-2010 02:45PM

He should be taken out and lined up against a wall, then he'd in a wooden box below ground on nothing FOREVER:D

Mr.Micro · 23-09-2010 02:54PM

I had to laugh last night on Vincent Browne both he and a woman journalist saying that Fitz is being pilloried even though he has stayed in Ireland and is co-operating with the authorities, and that he was honest with the regulator with most of his filings blah blah....until someone pointed out that several others in the US had done the same as Fitz and got sentences of 26 years in jail..Is that not Ireland and some little s*it does untold damage to our economy and future and created a financial meltdown that is Anglo a bottomless pit that will never be sorted......but sure ah shure poor auld Fitz.

Fitz stays because he knows nothing will ever happen to him and the 188 a month is pure BS.

Cyrus · 23-09-2010 03:01PM

Mr.Micro wrote: »

I had to laugh last night on Vincent Browne both he and a woman journalist saying that Fitz is being pilloried even though he has stayed in Ireland and is co-operating with the authorities, and that he was honest with the regulator with most of his filings blah blah....until someone pointed out that several others in the US had done the same as Fitz and got sentences of 26 years in jail..Is that not Ireland and some little s*it does untold damage to our economy and future and created a financial meltdown that is Anglo a bottomless pit that will never be sorted......but sure ah shure poor auld Fitz.

Fitz stays because he knows nothing will ever happen to him and the 188 a month is pure BS.

who got jailed in the US for 26 years for doing the same thing as Sean Fitpatrick? and what was that thing?

Byron85 · 23-09-2010 03:01PM

Just to add some more salt to the ever growing wound:

A beaming Mr FitzPatrick (61), who was in court for the two-minute hearing, had no comment to make afterwards.

There were extraordinary scenes following the brief court appearance when the disgraced banker was given a warm welcome in the Barrister's Tea Room in the Four Courts.

A number of lawyers gathered in the law library's restaurant, shook his hand and joined him for mid-morning tea.

http://www.independent.ie/national-news/courts/wife-worth-euro3m-as-seanie-laughs-all-the-way-to-court-2349465.html

aidan24326 · 23-09-2010 03:22PM

Biggins wrote: »

I don't believe for one second he is on €188 a month.
A man of his long, vast experience, contacts, ways and means would know exactly how to make it look that way but as for money stashed away somewhere outside the state, I have no hesitation in thinking he is still well off with foreign accounts elsewhere.

Of course he's not living on €188 a month. In the league table of spin bullsh1t this is top of the premier league.

Regardless of secret foreign accounts or any of that, his wife will still (reportedly) be worth 3 million which can't be touched and also legally owns a half share in several properties which it seems can't be touched either. So even after his assets are sold off, some creditors paid etc, his wife (i.e her and him as a couple really) will still be well off. He's going to get away with this and it seems he has plenty of friends in the law library to help him do so judging by this report in the indo.

The Irish Independent wrote:

A beaming Mr FitzPatrick (61), who was in court for the two-minute hearing, had no comment to make afterwards.

There were extraordinary scenes following the brief court appearance when the disgraced banker was given a warm welcome in the Barrister's Tea Room in the Four Courts.

A number of lawyers gathered in the law library's restaurant, shook his hand and joined him for mid-morning tea.

Sir Oxman · 23-09-2010 03:24PM

djpbarry wrote: »

My own thoughts exactly upon seeing the headline in this morning’s (yesterday’s?) paper - the guy is still pocketing about €44,000 per annum. Boo hoo. It’s sensationalist nonsense, as is the following...

Well, there are record numbers of ordinary people who can't afford to pay their leccy and gas bills - and according to BG and ESB, it's not the usual customer profile either.

Mr.Micro · 23-09-2010 03:30PM

Cyrus wrote: »

who got jailed in the US for 26 years for doing the same thing as Sean Fitpatrick? and what was that thing?

That thing is fraud but not in Ireland as apparently it does not exist for many.

As far as the names of the individuals they elude me at the minute but if you can get recording of the show one of the panelists states 2 names, both of whom I have never heard of.

Cyrus · 23-09-2010 03:34PM

Mr.Micro wrote: »

That thing is fraud but not in Ireland as apparently it does not exist for many.

As far as the names of the individuals they elude me at the minute but if you can get recording of the show one of the panelists states 2 names, both of whom I have never heard of.

my point is that he hasnt been convicted of fraud, or anything else for that matter, so how could he be jailed?

Biggins · 23-09-2010 03:42PM

Cyrus wrote: »

my point is that he hasnt been convicted of fraud, or anything else for that matter, so how could he be jailed?

For gross incompetence, above and beyond!
..But part of me suspects he knew EXACTLY what he was doing!

Mr.Micro · 23-09-2010 03:43PM

Cyrus wrote: »

my point is that he hasnt been convicted of fraud, or anything else for that matter, so how could he be jailed?

Of course he has'nt. The speakers were making a presumption that if he was in the US or another such country he would have been prosecuted and presumably found guilty, they used the examples of 2 such individuals who acted in a similar fashion to Fitzpatrick. Only here in Ireland nothing happened and Fitz is good guy and Anglo is good bank......and the taxpayer does not mind bailing it out.

aidan24326 · 23-09-2010 03:47PM

gambiaman wrote: »

Well, there are record numbers of ordinary people who can't afford to pay their leccy and gas bills - and according to BG and ESB, it's not the usual customer profile either.

I understand what you're saying. Plenty of people who were flashing the cash in the good old days are struggling now.

But Seanie Fitz will never have to worry about paying his ESB bill, of that you can be certain.

Cyrus · 23-09-2010 03:49PM

Biggins wrote: »

For gross incompetence, above and beyond!
..But part of me suspects he knew EXACTLY what he was doing!

course he did, making his 5 million shares worthless was exactly what he wanted

Mr.Micro wrote: »

Of course he has'nt. The speakers were making a presumption that if he was in the US or another such country he would have been prosecuted and presumably found guilty, they used the examples of 2 such individuals who acted in a similar fashion to Fitzpatrick. Only here in Ireland nothing happened and Fitz is good guy and Anglo is good bank......and the taxpayer does not mind bailing it out.

dont think anybody is making him out to be the good guy, and i think everyone minds bailing anglo out, but the fact is all the banks followed poor lending practices that facilitated the property boom, and when that boom ended everything fell apart, and while anglo were the worst offenders the rest of them jumped in with both feet aswell.

people wanting someone to goto jail before that person has been convicted of anything just strikes me as stupid, if he broke a law he will be taken to court, if he hasnt, he wont, there is no point applying your interpretation of fraud or wrong doing and applying that.

Mr.Micro · 23-09-2010 03:55PM

Cyrus wrote: »

people wanting someone to goto jail before that person has been convicted of anything just strikes me as stupid, if he broke a law he will be taken to court, if he hasnt, he wont, there is no point applying your interpretation of fraud or wrong doing and applying that.

I could not care less about the little s*it or whether he goes to jail or not. He is just one of a long list of greedy s*its that Ireland appears to be littered with. So long as the authorities do nothing to these people then we will forever be plagued with corruption that the public at large will pay for.

Biggins · 23-09-2010 04:05PM

Cyrus wrote: »

course he did, making his 5 million shares worthless was exactly what he wanted

He knew what he was doing when he was moving money around in an endless circle in order to create false numbers on balance sheets.
The fact that eventually he lost money (or so he might claim!) by his own previous actions does NOT take away from his earlier actions and/or excuse them in any way!

goat2 · 23-09-2010 04:09PM

Liam Byrne wrote: »

The attention-grabbing headline of Seanie being "on €188 a month" is a con!

He receives €3,693 AFTER TAX. If he has liabilities & bills to pay from that, it means he's like the rest of us surviving on €50 or so a week DISPOSABLE income.

And most of us don't have our houses and cars in our wife's name!

So he and his FF buddies can f**k off with the twisted sob-stories! :mad:

when did he put everything in his wifes name, i thought that spouses were not removed from this that if the husband or wife owes money that their spouse would have to step in and give up the assets to pay the bills

Cyrus · 23-09-2010 04:10PM

Biggins wrote: »

He knew what he was doing when he was moving money around in an endless circle in order to create false numbers on balance sheets.
The fact that eventually he lost money (so so he might claim!) by his own previous actions does NOT take away from his earlier actions and/or excuse them in any way!

im sure he did, unfortunately it appears the regulator and several others did too

djpbarry · 23-09-2010 04:41PM

Mr.Micro wrote: »

I had to laugh last night on Vincent Browne both he and a woman journalist saying that Fitz is being pilloried even though he has stayed in Ireland and is co-operating with the authorities...

I’m not sure pilloried is the right word, but, rightly or wrongly, he certainly represents the face of the crash (and those guilty of creating it) to many.

Mr.Micro wrote: »

Is that not Ireland and some little s*it does untold damage to our economy and future and created a financial meltdown that is Anglo...

All by himself?

Mr.Micro wrote: »

Fitz stays because he knows nothing will ever happen to him...

What should happen to him?

Mr.Micro wrote: »

I could not care less about the little s*it or whether he goes to jail or not.

Your referral to him as “little sh*t” says otherwise.

Mr.Micro wrote: »

So long as the authorities do nothing to these people then we will forever be plagued with corruption that the public at large will pay for.

And it’s not like the Irish public ever condones corruption, shenanigans and cute hoorism, is it?

djpbarry · 23-09-2010 04:42PM

gambiaman wrote: »

Well, there are record numbers of ordinary people who can't afford to pay their leccy and gas bills...

I accept that more people are having trouble paying bills, but let’s not lose our grip on reality altogether. We’ll get through this – it’s not like the masses are starving on the streets.

Mr.Micro · 23-09-2010 05:16PM

djpbarry wrote: »

I’m not sure pilloried is the right word, but, rightly or wrongly, he certainly represents the face of the crash (and those guilty of creating it) to many.

All by himself

His position of power and unaccountability as the head of Anglo allowed him to do major damage.

What should happen to him

?

Nothing of course but be honoured and feted like all our other great men. Maybe even a whip round or a personal bailout?

Your referral to him as “little sh*t” says otherwise.

Absolute rubbish, don't get ahead of yourself there, there are plenty of little sh*ts in Ireland does that mean they should all go to jail and you drawing such a conclusion is puerile.

And it’s not like the Irish public ever condones corruption, shenanigans and cute hoorism, is it?

That is just it long may it continue its what makes Ireland great and an example to others.

aidan24326 · 23-09-2010 11:42PM

Cyrus wrote: »

...and while anglo were the worst offenders the rest of them jumped in with both feet aswell.

Indeed they did, and it was actually Bank of Scotland, not Anglo, who really kicked off the madness when they started dishing out 100% mortgages (even 110% in some cases) to every tom dick and harry that wanted one. That caused the other banks to pile in and try to grab more of the action. Anglo just took it further than the rest and left themselves hopelessly exposed.

hinault · 23-09-2010 11:51PM

I can understand the anger of people here regarding Seanie.

Lets try to be analytical about this.
The man has €50m in assets but he has €150m in liabilities.
Therefore he's in quite a bit of difficulty financially.

I would imagine that he's also facing possible criminal charges from the Gardai/DPP pending the outcome of their investigation.

I would also guess that he's facing investigation regarding his bankruptcy and to ascertain whether or not he tried to reduce his assets deliberately.

And I'm guessing on this one - but I reckon that there are a lot of investors who have losts hundreds of thousands, if not millions, by the demise of Anglo.
He could well face several class actions from those investors also.

I reckon Seanie is screwed.

Augmerson · 23-09-2010 11:56PM

This kind of **** really gets to me. I was in the canteen in work today reading the papers and this was all across the frontpages. Does the media honestly expect us to believe this ****? What are they playing at, I don't know.

It's been said before. Seanie Fitz will get away with this. They all will. Nobody will be held accountable for a failure that we can't even fathom right now. Our country is crippled and they are standing on our backs laughing. There's no change. No opposition. Sometimes I just want to get a weapon, a gun, ****ing anything, and go out there and find these people that did this and let them have it, because it's the only kind of justice we will ever get.

aidan24326 · 24-09-2010 12:07AM

hinault wrote: »

I reckon Seanie is screwed.

Well he should be screwed*. No doubt about that. But I suppose there's a feeling that this being Ireland he'll probably wriggle away from it reasonably inatact.

Though in fairness while all the Anglo flak is being directed at Seanie the slippery David Drumm ran off to his multi-million mansion in the US so as not to have to face the awkward questions over here. Seanie Fitz has become the poster boy for the banks wrongdoing but he's far from a lone sinner. When will Fingleton be in court I wonder?

*Preferably by a big fat hairy guy called Princess.

Liam Byrne · 24-09-2010 02:31AM

aidan24326 wrote: »

Indeed they did, and it was actually Bank of Scotland, not Anglo, who really kicked off the madness when they started dishing out 100% mortgages (even 110% in some cases) to every tom dick and harry that wanted one. That caused the other banks to pile in and try to grab more of the action. Anglo just took it further than the rest and left themselves hopelessly exposed.

Anglo didn't do mortgages.

Seanie Fitz "on €188 a month"

Comments