Sean Quinn Jailed

Japer · 02-11-2012 03:39PM

General Zod wrote: »

Sometimes capitalism doesn't work.

Its the best system there is. In this country though its the overpaid corrupt inefficient public sector that let it and the country down. If Bertie Ahern, Charlie McCreevy, the Central bank, The regulator, the dept of finance all done their job properly during the tiger years, we would not be in the mess we're in. Yet all these public sector workers are still out of jail and still getting big pensions. Jail them and the bankers.

HellFireClub · 02-11-2012 03:40PM

General Zod wrote: »

Sometimes capitalism doesn't work.

What happened here wasn't capitalism, it was over 6 million people being ORDERED, without any legal basis whatsoever, to back up a failed business, to protect creditors who were not owed anything by this country.

There couldn't be anything more the opposite of capitalism about it. You don't sound like you know what you are talking about to be honest. Maybe try not patronising people and argue your position on merit or otherwise...

bbam · 02-11-2012 03:41PM

HellFireClub wrote: »

WHAT THE FÚCK HAS ANY OF THIS TO DO WITH THE IRISH GOVERNMENT OR THE IRISH TAXPAYER?!? IT HAS NOTHING TO DO WITH THEM!!!!!!!!!!!

the rule of law and due process.. is that not enough??

Quinn borrowed the money against his assets.
Bank goes tiits up and Quinn is asked to pay up, he doesn't.
Bank (IRBC) follows Quinn for his assets that the money was borrowed against..
Quinn decides to move away the assets as he doesn't want to play the game any more because he won't win.
IRBC bring Quinn to court for asset stripping (its illegal)
At this point it becomes the business of the state and the citizens of the state as he must now be held accountable for breraking the law.
He then proceeds to be found in "contempt of court" and is jailed for same..

Simples..

The majority of the country could care less about the Quinns and their business dealings... but when they started breaking the law and defying the high court it became the concern of the state and its citizens.

He should be released after the nine weeks and given a month to purge his contempt (get back the assets that were put into the hands of third parties for the purpose of hiding them).
If he doesn't produce the goods, back in for another 9 weeks..

This is simple... he either makes arrangments to get the assets back or he keeps getting sent down again, again, again.

Similarly Sean Fitzpatrick and others from Anglo are due to go to trial for their part in the whole collapse, this isn't just about the Quinns, Sean Quinn is just the first of many to be hauled up... its just all too slow, but at least its a start !

Chips Lovell · 02-11-2012 03:44PM

HellFireClub wrote: »

Look at what happened in Iceland, the answer to the banks was, "sorry lads, not our problem, go fúck yourselves!"

Do you actually know what happened in Iceland? By the sounds of it you think the government didn't pour money into the banks their too.

Red Pepper · 02-11-2012 03:44PM

9 weeks for utter contempt for Irish people everywhere. Very soft.

I dont understand how anyone can defend his greedy actions

SafeSurfer · 02-11-2012 03:44PM

kunst nugget wrote: »

Okay, you don't. So how do you know no one else is being investigated?

Also, you never answered my question. Having admitted that Quinn is being jailed for contempt of court for not helping to recover assets he had hidden, do you see anything wrong with the punishment he is receiving?

Who is cheerleading Anglo Irish Bank here? The IRBC's job is to recover the funds owed to Anglo to help alleviate the burden to the taxpayer from Anglo being wound down after the reckless actions of the likes Sean Fitzpatrick and, gasp, Sean Quinn. I'm sure nobody here is under the illusion that this money is going in to fund services - it is being collected to pay off the burden of debt this country has because of the actions of the banking sector.

My point is this:

If Anglo had not acted illegally IBRC would not be seeking Sean Quinn's imprisonment for illegally hiding assets in contravention of a court order.

Anglo acted illegally first and the Anglo case should have been heard first because the outcome of that case would make current proceedings moot.

I think Quinn should be in jail for possible other crimes like using company funds to pay for family weddings etc, but the contempt of court charge, indeed these IBRC proceedings should have been contingent on the outcome of the larger Anglo case.

HellFireClub · 02-11-2012 03:47PM

kunst nugget wrote: »

Who is cheerleading Anglo Irish Bank here? The IRBC's job is to recover the funds owed to Anglo to help alleviate the burden to the taxpayer from Anglo being wound down after the reckless actions of the likes Sean Fitzpatrick and, gasp, Sean Quinn. I'm sure nobody here is under the illusion that this money is going in to fund services - it is being collected to pay off the burden of debt this country has because of the actions of the banking sector.

That's deluded logic in the extreme. If you want to protect the Irish public from financial losses, then just don't go putting 47 Billion Euro into a hopelessly failed business in the first place, (I think that's what it is although it will probably be multiples of that by the time it is all flushed out!),?!? Plain and simple!!!

This never had anything to do with us, our pea balled leaders were bullied by the ECB who nearly shát themselves when they realised that German banks had a big exposure here, that's why we are involved now!

Don't get involved, it has nothing to do with ya, we have more to be doing with that kind of money in this country than to be getting involved here, don't forget this was a bank that hadn't a single ATM in the state, not a single branch office, apart from their headquarters so don't go giving me any bullshít about the bank being part of the national financial infrastructure!!!

SafeSurfer · 02-11-2012 03:47PM

HellFireClub wrote: »

What happened here wasn't capitalism, it was over 6 million people being ORDERED, without any legal basis whatsoever, to back up a failed business, to protect creditors who were not owed anything by this country.

There couldn't be anything more the opposite of capitalism about it. You don't sound like you know what you are talking about to be honest. Maybe try not patronising people and argue your position on merit or otherwise...

Absolutely is was capitalism when they were making billions and Socialism when they needed our money to save them. But its still capitalism for the thousands of people who will lose their homes.

sfwcork · 02-11-2012 03:51PM

wrote:

[HellFireClub
Registered User

Who is cheerleading Anglo Irish Bank here? The IRBC's job is to recover the funds owed to Anglo to help alleviate the burden to the taxpayer from Anglo being wound down after the reckless actions of the likes Sean Fitzpatrick and, gasp, Sean Quinn. I'm sure nobody here is under the illusion that this money is going in to fund services - it is being collected to pay off the burden of debt this country has because of the actions of the banking sector.

That's deluded logic in the extreme. If you want to protect the Irish public from financial losses, then just don't go putting 47 Billion Euro into a hopelessly failed business, (I think that's what it is although it will probably be multiples of that by the time it is all flushed out!),?!? Plain and simple!!!

This never had anything to do with us, our pea balled leaders were bullied by the ECB who nearly shát themselves when they realised that German banks had a big exposure here, that's why we are involved now!

Don't get involved, it has nothing to do with ya, we have more to be doing with that kind of money in this country than to be getting involved here, don't forget this was a bank that hadn't a single ATM in the state, not a single branch office, apart from their headquarters so don't go giving me any bullshít about the bank being part of the national financial infrastructure!!! /QUOTE]

Its actually going to be between 25-30 million but hey ho lets not get the facts get in the way

Japer · 02-11-2012 03:51PM

the regularor, dept of finance officials , cental bak should be the ones in the dock for not regulating anglo-irish bank correctly, like they regulate banks in the UK. Quinn was based in the UK jurisdiction, and came in to this jurisdiction and assumed the banks here were regulated as efficiently as they were in the UK of Gt. Britain and N. Ireland.
They were not of course : if they were they (the Irish banks + building societies ) would not all be hopelessly bust / insolvent.

The bangsters and top public servants ( regulator etc ) have a lot to answer. ...instead of getting massive pensions...unlike the genuine job creators / taxpayers.

kunst nugget · 02-11-2012 03:51PM

SafeSurfer wrote: »

My point is this:

If Anglo had not acted illegally IBRC would not be seeking Sean Quinn's imprisonment for illegally hiding assets in contravention of a court order.

Anglo acted illegally first and the Anglo case should have been heard first because the outcome of that case would make current proceedings moot.

I think Quinn should be in jail for possible other crimes like using company funds to pay for family weddings etc, but the contempt of court charge, indeed these IBRC proceedings should have been contingent on the outcome of the larger Anglo case.

Why so? The DPP is preparing case files for Fitzpatricks and his ilk which will be presented in due course but I presume the ability of the Quinns to asset strip hundreds of millions and keep them hidden from Nama forced the state to act quicker in relation to the Quinns. Yes, Anglo acted illegally but in collusion with Quinn. He is not an innocent victim in this.

HellFireClub · 02-11-2012 03:52PM

bbam wrote: »

Quinn borrowed the money against his assets.

Bank goes tiits up and Quinn is asked to pay up, he doesn't.

Bank (IRBC) follows Quinn for his assets that the money was borrowed against.

If the bank went títs up, it closes!!! This bank never closed, instead of it closing, the government put around 50 Billion of Euro of taxpayers fúcking money into it, for the purposes of keeping it open!!!

If the proper normal process was followed, it would be the creditors, (the people who were owed money, the bondholders, who would have been the plaintiffs in this case! The government had no business whatsoever getting involved here, not with our money.

sfwcork · 02-11-2012 03:57PM

wrote:

Japer

Friends the regularor, dept of finance officials , cental bak should be the ones in the dock for not regulating anglo-irish bank correctly, like they regulate banks in the UK. Quinn was based in the UK jurisdiction, and came in to this jurisdiction and assumed the banks here were regulated as efficiently as they were in the UK of Gt. Britain and N. Ireland.
They were not of course : if they were they (the Irish banks + building societies ) would not all be hopelessly bust / insolvent.

The bangsters and top public servants ( regulator etc ) have a lot to answer. ...instead of getting massive pensions...unlike the genuine job creators / taxpayers.

you dont have a clue wht the Quinn business assumed lad

Secondly are you saying that because of ll this quinn is the victim? This is not some man who had a small empire where he was the DM.This is a man who had use legal presence and well knew the time of day

HellFireClub · 02-11-2012 03:58PM

sfwcork wrote: »

Who is cheerleading Anglo Irish Bank here? The IRBC's job is to recover the funds owed to Anglo to help alleviate the burden to the taxpayer from Anglo being wound down after the reckless actions of the likes Sean Fitzpatrick and, gasp, Sean Quinn. I'm sure nobody here is under the illusion that this money is going in to fund services - it is being collected to pay off the burden of debt this country has because of the actions of the banking sector.

Again, the IRBC should not exist, it was never the job or the responsibility of the Irish government or the Irish taxpayer to go sort out the debts of private bondholders who made stupid and outrageous speculative gambles with Anglo!!! This couldn't have less to do with us, a pea balled government decided to get involved and drag the taxpayer into it, this was a complete injustice in my opinion!

This NEVER had anything to do with us, our pea balled political leaders allowed themselves to be bullied by a small tiny cabal of UNELECTED ECB vested interests, hence we have a problem now, instead of not injecting 50 Billion Euro of emergency capital into Anglo, they are now trying to claw back 500 million here and 2.3 billion there, fúck off, we ought never have been dragged into it in the first place!

westendgirlie · 02-11-2012 03:59PM

I'm not the sharpest tool in the shed but, here is what I do know.....

Sean Quinn is on trial for illegal activities. This trial is ongoing.
As yet, he has been found neither innocent nor guilty at this trial.
During said trial, he has been found in contempt of court by the judge and jailed accordingly.
His jail time has nothing to do with the final verdict as this has not been reached.
Many others have either been charged or are still being investigated for illegal activities. They will appear in court in their own right at some stage.

I really have no idea why people can't grasp the concept of why he was actually jailed today.

bbam · 02-11-2012 03:59PM

HellFireClub wrote: »

If the bank went títs up, it closes!!! This bank never closed, instead of it closing, the government put around 50 Billion of Euro of taxpayers fúcking money into it, for the purposes of keeping it open!!!

If the proper normal process was followed, it would be the creditors, (the people who were owed money, the bondholders, who would have been the plaintiffs in this case! The government had no business whatsoever getting involved here, not with our money.

Actually the government funded it so a controlled closure could be done to minimise the cost and impact to the state...

HellFireClub wrote: »

Don't get involved, it has nothing to do with ya, we have more to be doing with that kind of money in this country than to be getting involved here, don't forget this was a bank that hadn't a single ATM in the state, not a single branch office, apart from their headquarters so don't go giving me any bullshít about the bank being part of the national financial infrastructure!!!

Are you seriously saying we should turn a bling eye to the illegal dealings of Fitzpatrick, Quinn and others just because the bank didn't have an ATM... So thats our new measure on the states responsibility towards upholding the law? FFS !

sfwcork · 02-11-2012 04:04PM

I do find it funny that Galvin is on the radio defending Quinn.

This is the same geezer who has got it in the neck recently for building on a site which was deemed a flood plain.A "Gent" who will have aday out in court soon over this

K-9 · 02-11-2012 04:04PM

HellFireClub wrote: »

That's deluded logic in the extreme. If you want to protect the Irish public from financial losses, then just don't go putting 47 Billion Euro into a hopelessly failed business in the first place, (I think that's what it is although it will probably be multiples of that by the time it is all flushed out!),?!? Plain and simple!!!

This never had anything to do with us, our pea balled leaders were bullied by the ECB who nearly shát themselves when they realised that German banks had a big exposure here, that's why we are involved now!

Don't get involved, it has nothing to do with ya, we have more to be doing with that kind of money in this country than to be getting involved here, don't forget this was a bank that hadn't a single ATM in the state, not a single branch office, apart from their headquarters so don't go giving me any bullshít about the bank being part of the national financial infrastructure!!!

FF guaranteed the banks, not the ECB. There is no evidence whatsoever for ECB involvement in that decision.

SafeSurfer · 02-11-2012 04:07PM

kunst nugget wrote: »

Why so? The DPP is preparing case files for Fitzpatricks and his ilk which will be presented in due course but I presume the ability of the Quinns to asset strip hundreds of millions and keep them hidden from Nama forced the state to act quicker in relation to the Quinns. Yes, Anglo acted illegally but in collusion with Quinn. He is not an innocent victim in this.

Firstly, NAMA doesn't come into the Quinn case. If you accept that Anglo acted illegally can you not see that an outcome of a case affirming this would place Quinn in a completely different position.

SafeSurfer · 02-11-2012 04:10PM

K-9 wrote: »

FF guaranteed the banks, not the ECB. There is no evidence whatsoever for ECB involvement in that decision.

You are saying that a political party guaranteed the banks?

lawhec · 02-11-2012 04:11PM

Japer wrote: »

Quinn was based in the UK jurisdiction, and came in to this jurisdiction and assumed the banks here were regulated as efficiently as they were in the UK of Gt. Britain and N. Ireland.

You've just made me spew my 7up Free all over my monitor with that bit in bold!

kunst nugget · 02-11-2012 04:11PM

SafeSurfer wrote: »

Firstly, NAMA doesn't come into the Quinn case. If you accept that Anglo acted illegally can you not see that an outcome of a case affirming this would place Quinn in a completely different position.

Apologies, I got muddled there, I should have said IRBC. I'm not sure what you think would change if the Anglo case was heard first. If Anglo acted illegally and Quinn acted illegally why do you think the order of the cases would make a difference?

Chips Lovell · 02-11-2012 04:11PM

SafeSurfer wrote: »

You are saying that a political party guaranteed the banks?

Yes. He's saying that. He couldn't possibly mean an FF led government issued the guarantee.

HellFireClub · 02-11-2012 04:15PM

bbam wrote: »

Actually the government funded it so a controlled closure could be done to minimise the cost and impact to the state...

Are you seriously saying we should turn a bling eye to the illegal dealings of Fitzpatrick, Quinn and others just because the bank didn't have an ATM... So thats our new measure on the states responsibility towards upholding the law? FFS !

This is horseshít, the government had no business getting involved! It was nothing to do with us! We were never exposed as taxpayers, there was no risk of cost or impact to the state until the arséholes running this country decided to throw 50 odd Billion Euro that we didn't have, into a bank that was hopelessly bust!

If the bondholders of Anglo wanted to be paid, there was a process for doing that, which didn't involve Irish taxpayers getting involved, this was nothing other than an international people pleasing exercise that has completely fúked us up as a nation for decades to come!

However, rather than face up to that injustice, and stand up to this government, like the nation of clowns and fúcktards that we have become, we just waltz along with this spin that we somehow "HAD" to get involved here to protect "the people", the only people we've protected here are the bondholders who made downright fúcking wooden-headed decisions on their investments with Anglo!

SafeSurfer · 02-11-2012 04:16PM

kunst nugget wrote: »

Apologies, I got muddled there, I should have said IRBC. I'm not sure what you think would change if the Anglo case was heard first. If Anglo acted illegally and Quinn acted illegally why do you think the order of the cases would make a difference?

Because if the Anglo loans to Quinn were deemed illegal then his companies would not have been liquidated and he would not be trying to hide assets from IBRC. Ergo he would not be in Mountjoy.

HellFireClub · 02-11-2012 04:18PM

K-9 wrote: »

FF guaranteed the banks, not the ECB. There is no evidence whatsoever for ECB involvement in that decision.

There was an ECB policy position adopted that no EU bank would be let fail, and ours were the first to be exposed as completely bust! Somehow, we seemed to forget that we hadn't handed over our financial competency to the EU under Lisbon II! It was our decision to make, we unsurprisingly made a fúcking stupid decision, instead of engaging in a round of international people pleasing, we should have told them to go fúck themselves, their bondholders, their losses, therefore, their problem!

K-9 · 02-11-2012 04:19PM

SafeSurfer wrote: »

You are saying that a political party guaranteed the banks?

Well the Greens would say that, more evidence for it than Hellfires rants about the ECB tbh.

sfwcork · 02-11-2012 04:20PM

Hellfireclub b any chance are you a Sinn Fein Voter?

folan · 02-11-2012 04:22PM

if the loan was illegal, does Quinn get to keep the money?

cause that would be awesome for Quinn.

SafeSurfer · 02-11-2012 04:22PM

sfwcork wrote: »

Hellfireclub b any chance are you a Sinn Fein Voter?

Of course. Anyone who disagrees with current government policy must be a Sinn Fein supporter, if not an out and out terrorist.

Sean Quinn Jailed

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