How much does Sean Dunne 'owe' you?

Death and Taxes · 01-04-2013 10:39AM

Dunne actually owes us comparativley little most of his debts are with Ulster Bank and other forigen banks.
Not saying I agree with the point he made but what he said was that NAMA are chasing him for €150 million, and he paid over €100 million in personal (not vat or stamp duty or corporate) Taxes alone in Ireland and over €250 million in other taxes so he doesnt feel like he owes Ireland anything.

Death and Taxes · 01-04-2013 10:41AM

Cavehill Red wrote: »

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.

Well they can do what he did and declare bankrupcy, thousands are just waiting for the new insolvency laws to come into force so that the rest of us (the taxpayer) can pick up their tabs too!

dissed doc · 01-04-2013 11:49AM

galwayrush wrote: »

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.

They are the wealth creators. It was the public sector's fault, remember.

TheVman · 01-04-2013 11:50AM

His thick head on a stick.
What turns my blood is the thick boggers in my home village who were the stupidest fools in school and just cause uncle willy or cousin paddy was an electrician or worked in the bank these f***ing boggers, then the elite of the village, even coopted into confreries, who built 10 bedroom houses and drove around in touareg v10s in the hayday now owe millions but are still in their 10 bedroom houses... getting debts written off. Someone explain it to me in english ?

johnr1 · 01-04-2013 12:01PM

TheVman wrote: »

His thick head on a stick.
What turns my blood is the thick boggers in my home village who were the stupidest fools in school and just cause uncle willy or cousin paddy was an electrician or worked in the bank these f***ing boggers, then the elite of the village, even coopted into confreries, who built 10 bedroom houses and drove around in touareg v10s in the hayday now owe millions but are still in their 10 bedroom houses... getting debts written off. Someone explain it to me in english ?

Bitterness and jealously, - thats the explanation for you. :pac:

G Power · 01-04-2013 12:08PM

galwayrush wrote: »

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.

they're all chancers and have practically gotten away scot free out of it. we are a joke of a nation for sitting back and watching it all like a bad soap opera more interested in fighting amongst ourselves than ever mobilising to fight back against private and bankers debts being anything to do with us!!

donegal_road · 01-04-2013 01:42PM

moral of the story... the people who just lie down and roll over (Sean and Mary and the Ford Fiesta), will end up paying for everything

the culture of deference · 01-04-2013 01:54PM

galwayrush wrote: »

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.

I remember years ago when the salaries of bank staff were in the news for being too high, the quote "if you pay peanuts you get monkey's" obviously turned out to be incorrect.

Irish Independent, Friday November 09 2012
THE boss of the former Anglo Irish Bank – now IBRC – has robustly defended the €500,000 salaries paid to his top officials.
In an exclusive interview with the Irish Independent, Mike Aynsley said the public should not be "bloody-minded", nor should they believe that "all bankers don't deserve to be paid these high levels".
Mr Aynsley said IBRC was an "easy target" for people who wanted to bash at bankers because it was seen as the bank that took the country down.

Speaking at his headquarters in Dublin, the Australian, who was brought in to sort out the mess of Anglo Irish Bank, said there was a high turnover of staff at the bank and that he needed high salaries in order to keep good staff.
Finance Minister Michael Noonan and Tanaiste Eamon Gilmore have insisted that they will push for lower salaries at IBRC, which is 100pc-owned by the taxpayer.
He warned that the loss of good staff would cost the taxpayer in the long run.
"There is a direct link between the quality of people we have and the recovery of assets.
IBRC's top six executives earn more than €500,000 each.
Mr Aynsley is paid €663,000 -- a €500,000 salary, allowances of €38,000 and a pension sum of €125,000.
The head of IBRC's UK operations, Jim Brydie, is on a salary of £400,000, or €501,000.
Chief financial officer Jim Bradley; head of asset recoveries Tom Hunersen; head of Irish recoveries Mark Layther; and head of specialised asset management Richard Woodhouse, are each paid a salary of about €400,000. They also receive the equivalent of 25pc of their salaries in annual pension payments -- on top of €30,000 each a year in allowances.
Mr Aynsley's outspoken defence came as Michael Noonan, who controls IBRC, said he would continue to push the issue. The Finance Minister has admitted that he asked IBRC's chairman Alan Dukes for wage cuts at the bank, but said his request was turned down.

zom · 01-04-2013 04:09PM

galwayrush wrote: »

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

NONSENSE - we can do a lot about it. Anyone. It's just Them want Us to think "we can't do anything about".

Originally Posted by Cavehill Red View Post
And if this were Iceland many of them would be facing jail.

WHY OH WHY nobody else can do like them? What stops people from all other places think and do like Icelanders?
They recently (January) won in European Court against few other ex-bankers and they have clean hands now.
When Irish will get their hands clean?

Cavehill Red · 01-04-2013 06:42PM

Koops80 wrote: »

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

That 150 million on the other hand has everything to do with the Irish taxpayer. If John and Mary should continue repaying the outstanding debt on a mortgage even after the house is sold at a loss, why shouldn't 'the Baron of Ballsbridge' pay the 150 million? How many carers' respite grants, student grants, nurse's salaries etc are we having to cut to pay for his hubris?

How much does Sean Dunne 'owe' you?

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