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 Post subject: Re: The Quinn Collapse
PostPosted: Thu May 19, 2016 7:02 pm 
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Of Systemic Importance

Joined: Jun 9, 2008
Posts: 7054
No I don't believe comical ever fessed up. One did, ex-AIB non-exec. Trying to remember his name.

At least Sean can focus on pig farming.

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 Post subject: Re: The Quinn Collapse
PostPosted: Thu May 19, 2016 7:07 pm 
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Of Systemic Importance

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Jim O'Leary - http://www.londonspeakerbureau.com/speakers/jim_oleary

Attended a investment thing where he made a very frank presentation about the shortcomings of non-executive directors in AIB.

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 Post subject: Re: The Quinn Collapse
PostPosted: Fri May 20, 2016 10:02 am 
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Holiday Home Owner

Joined: Aug 30, 2015
Posts: 311
mr_anderson wrote:
I find the whole Quinn debacle fascinating, but from a psychological perspective.

He comes across as a man who stubbornly refused to accept that he lost.

Having fallen from the mountain top, he acts like he's automatically entitled to stay there and demands a cable car ride back up.

It's probably not helping that everyone in Cavan supports him (t'was those jackeens who caused it all), as they reinforce his own bubble.

But unfortunately, the good citizens of Cavan don't control the company he founded (and lost).
And I'd say the new owners really don't have the time or patience to entertain him any more.

By the way, has anyone in this entire bust come out with their hands up and said 'I fucked up !' ?
Think I remember Austin Hughes doing it.


By no means would "everyone in Cavan" support Quinn in the same way that not everyone in Dublin supported the Anglo insiders.

The area he is from, and where his plants are located, is right on the Cavan/Fermanagh border with operations mostly on the Fermanagh side. So we are talking about border people here, they are a clan all to themselves. People along a narrow strip of the border from Donegal to Louth have a history of smuggling and lawlessness and this is just another indicator. Try repossessing a business along the Armagh/Monaghan border or giving evidence against one of these people in court and see how smoothly that would go.

You have got to understand the history here of the ROI/NI border, think localised mini-Mafia with Republican sympathies (when it suits).


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 Post subject: Re: The Quinn Collapse
PostPosted: Tue May 24, 2016 9:44 pm 
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Under CAB Investigation

Joined: Jun 16, 2007
Posts: 2619
Location: Oighearland
when the troubles flare up again, I wonder where its going to start?

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advice to future unemployed TDs at the next general election: dont look at it as a failure, see it as an opportunity to 'upskill'.


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 Post subject: Re: The Quinn Collapse
PostPosted: Sun Mar 12, 2017 11:37 am 
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Joined: Jul 26, 2009
Posts: 14797
High Court judge rejects Sean Quinn trust application - -> http://www.irishtimes.com/business/fina ... -1.3005404

Quote:
Donations to a trust set up to pay former billionaire Sean Quinn’s legal bills did not come out of his family’s assets, the High Court ruled on Friday.
A judge also refused to grant a declaration that the funding for the Fermanagh-born businessman was not a proper arrangement.
Sir Paul Girvan said: “The monies in question were kept out of the hands of the Quinns who could not call for them to be paid over to them.”
Once Ireland’s richest man, Sean Quinn lost control of his business empire when it collapsed six years ago.
Receiver Declan Taite was subsequently appointed by IBRC, formerly known as Anglo Irish Bank, to locate and collect any assets.
In proceedings issued in Belfast, he wanted the court to draw an inference that Quinn money was being paid into the Erne Group Trust.

there is more


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