A quickie this morning. I’ve been out of the loop for the last couple of days so could someone explain what’s going on with the Quinn Group?
Is it basically that an insolvent company run by a man with FF connections is about to be taken over by the most corrupt and useless bank in Irish history, a bank in which the man who owns the insolvent company was a shareholder, with cash from the €30bn the taxpayer is paying to keep the corrupt bank in business?
Anyone?
Yeah, that’s pretty much it!
Oh, just that the owner of the company is blustering all over television and radio that there’s nuttin wrong in his company and the financial regulator is a big meanie who should eff off and leave him alone. You forgot that bit.
Of course, they’re just being meanies.
Cool. So you’re not just paying a fortune for a condemned house, they’re making you cough up for the rotting garden shed too. Ah the charitable Irish. Always feeding the hand that bites us.
Yup a bit odd alright considering Quinn himself has 2 billion in reserves but why risk your own money when you can use the taxpayers.
Anglo are going to claim its good business & that they’re using the bail out money to protect jobs. They’ll claim they’re doing what banks are supposed to do, lend money. Its all just wheels within wheels.
Short of a coup of some sort I really don’t think things will ever change.
Oh & by the way I read yesterday that 13m a year is given to the parties by the Oireachtas for their day to day running costs but the poor things have to pay for their own elections. Meanwhile 1m a year will be saved by pulling 24hour search & rescue cover from Waterford where all those fishermen drowned in the last few years. They must need the chopper for ministerial transport.
Bottom feeding scum sucking cunts each & every one.
Always feeding the hand that bites us
I like. The comment, that is. Not the fact that we do it.
Don’t forget that Mr Quinn (allegedly) ploughed millions into Anglo to keep share prices up, so that he could cash out….but that didn’t work.
Pass the parcel – sure the tax payer will foot the bill anyway : )
Twenty:You missed all the employees out protesting on radio basically saying that the Sun shines out of Sean Quinns arse(with no encouragement from Quinn Management mind you!)..
If I was them,i would strip the offices of pretty much anything not nailed down,coz they’ll need to get to cash convertors in a few months…
Well this does give us a good look at the peasants sector of the population (again). I realise that offends some people but here is my case;
(1) These people do not understand why the regulator has been called in. It is purely because of the way Sean Quinn has been ‘running’ the business.
(2) They think he’s a great man because he provides local employment and puts money in their pockets.
(3) They are so pliable that they can be bussed, under Garda escort noticeably, to demonstrate outside the regulators office.
This is the equivalent of of Bertie Ahern being charged and a load of FF turning up to demonstrate outside the judge’s house.
Do these fucking eejits in Cavan and Fermanagh not realise WHY their jobs are at risk? It isn’t the Irish taxpayer or the regulator.
I’ll know they’ve developed a brain beyond peasant me feinism when I see them demonstrate outside Sean Quinn’s house.
Maybe they should ask him whether its was a good idea to dstribute hundreds of millions in dividends to his family in the last two years and whether the Quinn family, out of devotion to the people of Cavan and Fermanagh return those hundreds of millions to the Quinn Group?
Doubt that’ll happen.
Its going to be interesting though as FF and the regulator are going to find themselves in a face-off.
If FF manage to bail Quinn with public money via their corrupt piggy bank Anglo then you had better get on a fucking plane because all your taxes and your kids taxes if the can get a job will be paying for this daylight robvbery to prop up yet another FF Exemption From Law Certificated prat.
I hope the UK FSA descend on Quinn from a great height- they have been muttering about him for some time and the UK regulator has developed some long arms recently.
‘Feeding the hand that bites us’ is beyond perfect.
One rather important point that gives a heavy clue as to whats going on at Quinn- Brian Lendahand is apparently looking at a £700million injection to Anglo in order for Anglo to propo up Quinn Insurance.
It is envisaged that the person responsible for this demand for more public money is intended to stay as Chairman.
Let that settrle in your mind for a moment- a rich man (on paper anyway) who owns a private company is to be bailed out and he is to retain a stake in the business and continue as Chairman.
In other words a polite little note to the Irish taxpayer saying ‘bend over. We’ve discovered another reason to fuck you up the ass and steal your money’.
Here endeth the summary.
The slain child who’s entrails and brain bits drip and slide down the walls, the slain child in the room is,
WHO BORROWS €4,000,000,000 - Sean does
WHO LENDS $4,000,000,000 - Seany does.
“If I was them,i would strip the offices of pretty much anything not nailed down,coz they’ll need to get to cash convertors in a few months…”
very good fill2up – almost made me spit my morning hot chocolate all over the place with laughter -
Fermanagh and GAA – say no more.
so Anglo will get the cash from us and rite it in the books as a payment from quinn.
Is this the case?????
Apart from the geographical location and accents,that filthy shithole “Oirland” (morally and in every sense)is akin to some corrupt Eastern European or Central American dicto-state.This is what happens when ignorant, narrow minded, uneducated people get a little taste of modernism.There was even a short period when the “Oirish” believed they were held with some esteem in the developed world. Eejits the lot of you. Expecting any sophistication from the “Oirish” is comparable to teaching a blue whale to crochet.My escape was perfectly timed, and I took with me an HONESTLY amassed fortune.
See its made you humble then.
Good piece by Matt Cooper – http://www.irishexaminer.com/opinion/columnists/matt-cooper/quinn-the-gambler-has-played-his-last-hand-and-should-leave-the-table-116705.html
The last stand of the gombeens in this sad country?.Remember this prick was fined approx 3 million euro in 2008 for financial shenanigans by the waster regulator. And that one Harkin. You couldn’t make it up.
a hardworking man like Seán Quinn, who has given so much to the economy
Heh.
very organised, Dail in recess
this is why the governmemt seems so incapable, their very best people have been working on engineering this theFFt of taxpayers cash via Anglo
the peasants adoration of FF will grow.
The Kyrgyzstanis seem to have the right idea although they are better armed than we are. Most of us (with the exception of Cavan men) don’t even have pikes in the thatch any more.
I wonder, though, if 75 dead is a fair price to pay for regime change.
@Crank
We would need to kill 166 + bankers, Neary etc. so that’s 300 for starters?
Rope and Stephens Green
Q:What do you call 166 dead bankers?
A:A good start..
A hanging party sounds great.
Environmentally sound too.
We could call it ‘The Green Solution.’
Guillotines and revolutions go well together.
Its just been pointed out by a sharp-eyed poster on politicalworld.org
http://www.politicalworld.org/showthread.php?t=896&page=5
That originally when FF went to the ECB for 8.3billion in funds and then went back asked for 2.14billion more which was about the sum needed to prop up Quinn and its solvency funds.
The announcement from the regulator happens when the Dail has broken up so the opposition don’t get to question support for Quinn in the Dail.
It looks like this Quinn caper has been on the cards for some time.
Essentially Sean Quinn’s personal gamble with his private company is being added to the Anglo bailout by FF if public money is used to support Quinn now.
The smell of fish gets stronger.
Good to see that the compliant taxpayers are also paying the wages of the extra security folk hired to protect anglo’s premises from attack from the same compliant taxpayers.
bend over peasants your FF betters will do you now.
(@fill3rup the 166 refers to the members of Dail Eireann)
Suckers!!!!! Pay for my friends.
yeah,just copped that,was wondering where you plucked that figure from…
The 300 indeed..
Regulator may refer Quinn Insurance to Garda Síochána
http://www.irishtimes.com/newspaper/breaking/2010/0409/breaking4.html
Heh – Quinn is looking a cert to be the next Teashop – he has the pedigree.
RTE are aiding Quinns SPINNING
Quinn are stating that ‘their level of debt will not increase’
while that may be factual it lacks full disclosure
the fact is, If Anglo swap out the Barclay Bonds THEN
The liabilities of the Quinn Group being CARRIED by the Irish taxpayer VIA Anglo WILL INCREASE
why are RTE presenting the Quinn LIES in a digestable manner? Are they trying to brainwash the peasants?
Didn’t he give his kids €200 Million ( only ) each or collectively last year – as a pressie – like you would – happy birthday rich Quinn-cunt kid.
just got a tax bill for 2000 ha ha ha ha i would do time; before i would pay the cunts
This sort of shit won’t stop until a Golden Circle Merc gets scattered in bits all over Dublin.
Every bit of news concerning handouts of public money to FF crooks and gombeens has been stage managed for the cunts (the people).
Strangely enough this whole Quinn caper was timed to emerge when the Dail wasn’t sitting.
I suppose next there’ll be the charade of grim-faced suits walking in and out of meetings ostensibly about jobs at Quinns but in reality the real subject is how to get Elderfield off Quinn’s back.
Monday could be interesting. We’ll see then if Elderfield is nobbled or whether his report which will undoubtedly show that Quinn was up to the same tricks for which he’s been fined before.
Could get interesting because I’m not sure Quinn is the brightest cunt in the world but he’s bright enough to threaten FF and the Golden Circle with exposure if he doesn’t get off the hook.
Thats the only problem with the patronage system-everybody has the goods on everybody else and that is why FF are like rabbits in the headlights at the moment- they are terrified that one of the bigger gobshites feels he’s being dumped by the party and starts talking out of revenge.
That could be some event.
Cap’n I love your post…
join us here
http://www.politicalworld.org
ZANU-FF
“they are terrified that one of the bigger gobshites feels he’s being dumped by the party and starts talking out of revenge”
really?!!
Doesn’t/Didn’t Quinn own 25% of Anglo? The slimy fucker bought the shares as CFD’s-so he paid no tax on them (B.Cowen introduced this loop hole as finance minister in ~2006). Its amazing that we are in this mess due in part to light regulation. When a new, proper, regulator does his job there is outrage and protests on the street. What the fuck is wrong with the Irish, do they not see how ironic this is? Quinn was supposed to have a percentage of his companies assets in reserve, around 200 million I think-in case of claims, he had half that so the regulator closed in. Job well done I say. This is a man (Quinn) who borrowed money from his company (illegally) to bet on anglo shares, when the share price tumbled he made a run on his shares causing the share price to fall even more. This is from the same fucker who claimed to bet no more than .50 cent on a poker game every once in a while. Insufferable Cunt.
The staff should tear the copper out of the walls, its worth more than anglo.
If the Irish taxpayer guarantees Quinn Insurance then they’ll also be taking on its commitments, including those in the UK where Quinn provides Professional Indemnity Insurance to 2,000 legal firms.
Have a look at the Insurance Times:”Solicitors face anxious wait over Law Society’s Quinn decision” – http://www.insurancetimes.co.uk/story.asp?storycode=383671
An interesting bit for me is yet again the tinyminded local parochialism takes over.
People in Cavan and Fermanagh see nothing wrong basically with charging the rest of the country additional billions in order to keep them in jobs even though Quinn is the real enemy here and should face a jail sentence in my opinion and have his shareholdings and foreign assets sequestered.
I wonder how many of those brave people in Cavan and Fermanagh who think nothing of attempting to bully the regulator away from a known shyster would be barve enough to go and demonstrate outside Sean Quinn’s house?
None I’ll bet. Both FF stronghold I believe … anybody here feel like handing over money to keep a whole load of FF supporters in a job?
If you don’t like the shitty way Ireland has been run then here’s an excellent chance to stick it to part of that 20-25% of the population who still voted FF in 2007.
Howay the regulator. Let FF explain to their local supporters the ‘emigration option’.
Explains why they gave themselves 2 weeks hols as well Cap,n.
No tinfoil hat conspiracy just FF cunt hoorism at play.
Thats it Noddy. If you gave a Fianna Failer three honest ways of achieving something they’d come to a grinding halt and wait for someone to suggest a way of doing it crooked.
Say one thing about the Yanks – they might let OJ away with murder but if you screw with big money you are stuffed – Kenneth Lay and Enron.
Everything was orchestrated to go down while the Dail is in recess
FF dont play the Irish public for fools, they know them to be.
Wheres the 700 million coming from?
future peasant taxes
pay up peasants
FF enjoy wasting your cash
Love the way the company bussed it’s own workers to Dublin, let them have the time off (on full pay) and then had a selection of managers and PR people act as ‘spokespeople’. Funny if the dreaded trade unions do that (and you don’t get paid by your boss if you strike) it’s rent a mob. Quinn’s brother Peter is a bit of a cunt by the way.
http://dublinopinion.com/2010/04/08/sean-quinn-we-salute-you/#comments
This what the great SINDO genius Sane Ross was writing three years ago
This is fucking brilliant, it’s stories like this that make the people I work with here think I smoke dope in the mornings.
Gone bust? Owe us 2.8 Billion already? We’re gone bust too, but what the fuck, fancy 700 million more?
VASELINE!
VASELINE!
Get your Vaseline now before stocks run out!
Last few tubs left!
Get your vaseline now!
Just bend over and think of Bertie!
So now that they’re staying in business using your money a boycott is out of the question, right?…niiice