How much does Sean Dunne 'owe' you?

johnty56 · 31-03-2013 11:05PM #1

Just curious about how much Sean Dunne, who filed for bankruptcy in U.S. on Friday, owes the banks, which means how much does he ultimately owe the taxpayer. How much would that debt work out at per man, woman and child in the country?
His comments that he paid 350 million in taxes and so owes us nothing is particularly galling... its a little like a shopkeeper borrowing the money (from us) to buy his stock, selling it and enjoying the profits, going bust and handing the bill to us saying 'but I paid the VAT on it so I owe nowt'

uch · 31-03-2013 11:07PM

€6.40

Peregrine · 31-03-2013 11:08PM

Three fiddy

It doesn't really matter, he can never pay it back anyway.

galwayrush · 31-03-2013 11:08PM

No point in being outraged at something we can't do anything about.

johnty56 · 31-03-2013 11:10PM

It just sticks in my graw thats all.... I mean what kind of fcukwit pays 500 million for a couple of acres.. the guys selling that must still have a good old chuckle

'good ole Sean' they'd say, 'little touched don't you know... did you hear he's going bankrupt in Amerikay'

galwayrush · 31-03-2013 11:12PM

johnty56 wrote: »

It just sticks in my graw thats all.... I mean what kind of fcukwit pays 500 million for a couple of acres.. the guys selling that must still have a good old chuckle

What galls me is the Bankers who lent him the money get massive salaries and bonuses. He was a chancer, they were the idiots and yet they are rewarded very well for their stupidity.

johnty56 · 31-03-2013 11:13PM

And pretty soon you won't even be able to go on't web and give out about them if Gilmore gets his way..

Cavehill Red · 31-03-2013 11:14PM

Nimrod 7 wrote: »

Three fiddy
It doesn't really matter, he can never pay it back anyway.

But his wife could pay a whack of it. And it certainly does matter. We're the ones paying for his arrogance and poor gambling decisions.

the groutch · 31-03-2013 11:14PM

https://www.youtube.com/watch?v=l91ISfcuzDw

galwayrush · 31-03-2013 11:16PM

johnty56 wrote: »

And pretty soon you won't even be able to go on't web and give out about them if Gilmore gets his way..

**** that ****, if it happens to me, they can have the house, i'll go to the UK and in a year, i'll have my web and SKY sports back.

Peregrine · 31-03-2013 11:21PM

Cavehill Red wrote: »

But his wife could pay a whack of it. And it certainly does matter. We're the ones paying for his arrogance and poor gambling decisions.

Actually you're right, whatever transactions he made to his wives account should definitely be taken into account in court. He shouldn't be allowed to hide his money and claim bankruptcy. But the rest..

JonathanAnon · 31-03-2013 11:24PM

I havent checked my accounts recently but I'm pretty sure I owe Sean Dunne a boot up the h0le...

galwayrush · 31-03-2013 11:26PM

Nimrod 7 wrote: »

Actually you're right, whatever transactions he made to his wives account should definitely be taken into account in court. He shouldn't be allowed to hide his money and claim bankruptcy. But the rest..

Apparently assets and money transfered longer than 18 months cannot be touched. I imagine he's looked after things pretty much in his / wife's favour.

amacca · 31-03-2013 11:31PM

I dont know how much I'm owed but I have several ideas on how the repayments should be made.

shedweller · 31-03-2013 11:34PM

galwayrush wrote: »

No point in being outraged at something we can't do anything about.

Which is why they'll get away with it again in 20 odd years!

Cavehill Red · 31-03-2013 11:42PM

Nimrod 7 wrote: »

Actually you're right, whatever transactions he made to his wives account should definitely be taken into account in court. He shouldn't be allowed to hide his money and claim bankruptcy. But the rest..

They're not living like paupers. When they are, that'll do. I'm not being vindictive. As far as I'm concerned I don't see anything different from his gob****ery and Nick Leeson, and Leeson's still paying back a quarter of everything he earns forever.

galwayrush · 31-03-2013 11:44PM

shedweller wrote: »

Which is why they'll get away with it again in 20 odd years!

That is absolutely certain.

RobbingBandit · 31-03-2013 11:49PM

Could be grounds for a class action here, seems though he has gone to the land of retarded legal rulings may be someone should take up the chance to sue this ****er for all he has.

WhatNowForUs? · 31-03-2013 11:49PM

johnty56 wrote: »

It just sticks in my graw thats all.... I mean what kind of fcukwit pays 500 million for a couple of acres.. the guys selling that must still have a good old chuckle

'good ole Sean' they'd say, 'little touched don't you know... did you hear he's going bankrupt in Amerikay'

The horror of those couple of acres is that as the bidding went in each of the banks involved were hedging their bets and bidding against themself.

AnarchistKen · 31-03-2013 11:56PM

I'm not condoning what Sean Dunne did but it was a vicious circle of greed and availability of easy credit.

The loan managers in Ulster Bank, BOI and AIB have questions to answer too but they're not being scapegoated today in the media.

Whatever he "owes us" is irrelevant at this point. Let sleeping dogs lie and all that.

AnarchistKen · 31-03-2013 11:56PM

I'm not condoning what Sean Dunne did but it was a vicious circle of greed and availability of easy credit.

The loan managers in Ulster Bank, BOI and AIB have questions to answer too but they're not being scapegoated today in the media.

Whatever he "owes us" is irrelevant at this point. Let sleeping dogs lie and all that.

amacca · 01-04-2013 12:11AM

AnarchistKen wrote: »

Let sleeping dogs lie and all that.

Not much of an anarchist are you?

Cavehill Red · 01-04-2013 12:19AM

The dog ain't sleeping, Ken. He's in the US, doing land deals under his wife's name. (Anyone who believes that he has nothing to do with her bizarre transformation from gossip columnist to major property developer is too gullible to live.)
He still lives in a mansion, still drives a nice car, eats in the best restaurants wearing the nicest suits.
The only people lying down in this scenario is us, Ken, lying down and taking it nice and hard from behind.

Koops80 · 01-04-2013 12:22AM

johnty56 wrote: »

Just curious about how much Sean Dunne, who filed for bankruptcy in U.S. on Friday, owes the banks, which means how much does he ultimately owe the taxpayer. How much would that debt work out at per man, woman and child in the country?
His comments that he paid 350 million in taxes and so owes us nothing is particularly galling... its a little like a shopkeeper borrowing the money (from us) to buy his stock, selling it and enjoying the profits, going bust and handing the bill to us saying 'but I paid the VAT on it so I owe nowt'

He owes a lot of it to ulster bank which is nothing to do with the irish tax payers. Uk tax payers paying for this.

Cavehill Red · 01-04-2013 12:25AM

Koops80 wrote: »

He owes a lot of it to ulster bank which is nothing to do with the irish tax payers. Uk tax payers paying for this.

If we're not paying for it, how come NAMA are pursuing him through the courts?

true · 01-04-2013 12:35AM

AnarchistKen wrote: »

The loan managers in Ulster Bank, BOI and AIB have questions to answer too but they're not being scapegoated today in the media.

and our regulator / central bank has a lot to answer for too. Instead those w*****s get away scot free, and rewarded by golden pensions, no stress, like the bankers who lent the money and got the bonuses.
They are all still living in mansions, still driving a nice car, eats in the best restaurants wearing the nicest suits.

TheUsual · 01-04-2013 12:55AM

I agree it would be nice for him to pay back some of his income for the rest of his life but he was just one guy. The whole setup at the time with zero financial watchdogs and a smug Government boasting to other countries how great they were.

Also Irish people have to take some of the blame individually too. Borrowing ridiculous amounts of money and gambling on land and housing was part of the equation. People like Dunne could not have done what they did without a willing customer (forgetting the high-wealth developers here for the moment).
Yeah hindsight is bitch now, I'm sure a lot of people getting mortgages didn't work out compound interest and loss of earnings when signing on the dotted line. But they do know about the small print now.

true · 01-04-2013 01:02AM

TheUsual wrote: »

People like Dunne could not have done what they did without a willing customer

Dunne did not have a customer for the Jury's site in Ballsbridge he paid hundreds of millions for.

People like Dunne could not have done what they did without a willing bank manager. The manager still got his salary, bonus and pension.

Cavehill Red · 01-04-2013 02:06AM

And if this were Iceland many of them would be facing jail.
But what is it AH (and all the other boards) are so fond of telling posters who are irreparably underwater with their mortgages, who are considering jingle mail, or emigration?
Pay your debts? You should have realised what you were borrowing? These are our banks now so you're fiddling the taxpayer?
Why doesn't any of this apply to Sean Dunne too?
After all, he's in the hole for the equivalent of thousands of negative equity mortgages.

MadsL · 01-04-2013 02:51AM

He owes some of the Ballsbridge residents a portion of thier lives back after they had to fight so hard to stop him shitting all over their backyard - Dublin City Council being completely in bed with his ego-driven shite planned for the area.

Koops80 · 01-04-2013 10:07AM

Cavehill Red wrote: »

If we're not paying for it, how come NAMA are pursuing him through the courts?

Key word in my post is "a lot". From the journal;

Dunne has been pursued by the National Assets Management Agency (Nama) in the civil courts in Connecticut for debts exceeding €150 million. It is thought he may owe Ulster Bank significantly more.

http://www.thejournal.ie/sean-dunne-declares-bankruptcy-in-us-851642-Mar2013/

Nama only covers boi, aib, acc, irish nationwide, ptsb & esb. Banks like ulster bank, bank of Scotland, Halifax, rbs, national irish etc who are not irish owned have nothing to do with nama their losses are nothing to do with the irish tax payers

How much does Sean Dunne 'owe' you?

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