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derek quinlan's sideline


stoichkov

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Jun 10, 2010
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apologies if there is already a thread on this -- couldn't see one.

was reading the tribune yesterday and mick clifford's column contained this frankly jaw-dropping nugget about derek quinlan, the financier who is now holed up in sunny switzerland.

Michael Clifford - Back in the funhouse built by the hardy bucks

Another man who left for entirely different reasons, but retains interests in this septic isle, is financier Derek Quinlan. Back in the day, he borrowed recklessly, put together consortiums of masters of the universe, and reaped obscene profits for all involved. Once the foul stuff hit the fan, he was out through the gap, relocating to Geneva, far from the madding crowd. He owes our bank, Anglo, €300m. He made the Nama top 10. His debts have been socialised into your pockets.

Imagine my shock when I read in the Irish Times a few weeks back that Derek is a director of a company which has won a state contract to collect unpaid court fines. The company, Tazbell, employs "pro-active contact attempts" to get the court's money. Quinlan is a director, but his wife is a shareholder. Sound familiar? If poor old Derek was the one holding the shares, somebody could go after it on our behalf. But conveniently, he doesn't.

If you don't pay your TV licence because you've lost your job on account of the excesses of Derek and the mates, and you can't pay a fine, Derek's outfit will come after you with their pro-active contact attempts. Derek will make money out of your hardship, while he lies up in Geneva, rebuilding his empire. He owes us €300m, which we will never see, yet his family prosper on the back of the misfortune to befall the most vulnerable who can't pay court fines.

He's another man who will spawn a dynastic fortune, passing on great wealth to his kids, just as he passed on his debts to ours.
good jaysus.
 

Cael

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"He's another man who will spawn a dynastic fortune, passing on great wealth to his kids, just as he passed on his debts to ours."

That sums up the obscenity of all this. The vermin are spawning more vermin to suck the blood of our children when we have been sucked dry.
 

jmcc

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"He's another man who will spawn a dynastic fortune, passing on great wealth to his kids, just as he passed on his debts to ours."

That sums up the obscenity of all this. The vermin are spawning more vermin to suck the blood of our children when we have been sucked dry.
It amazes me that there are so many revolutionaries on this site and no sign of a revolution.

Regards...jmcc
 

Cael

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It amazes me that there are so many revolutionaries on this site and no sign of a revolution.

Regards...jmcc
Given the number of cowardly footmen of the ruling class there are on this site, Im not surprised that the oligarchy are still sucking the blood of the Irish people.
 

lostexpectation

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Last edited:

stoichkov

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a shame he doesn't feel the need to pay his own bills.

then again, a risk-taker and wealth-creator like derek is beyond all those petty rules.
 

Mar Tweedy

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Dec 12, 2008
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a shame he doesn't feel the need to pay his own bills.

then again, a risk-taker and wealth-creator like derek is beyond all those petty rules.
Seeing as the argument goes that we should avoid alienating these risk-taking wealth-creating types in case they take themselves and their wealth out of the country, I wonder should the converse also be the case, that we should actively seek to attract back those wonderful creating types who have already left. I imagine a little debt forgiveness would go a long way. After all, what will we do without them?
 

Desperate Dan

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apologies if there is already a thread on this -- couldn't see one.

was reading the tribune yesterday and mick clifford's column contained this frankly jaw-dropping nugget about derek quinlan, the financier who is now holed up in sunny switzerland.

Michael Clifford - Back in the funhouse built by the hardy bucks



good jaysus.
Derek Quinlan still has his pension from the revenue where he was a senior I can't tell you what it is but it must be considerable. Now that would make you sick. :shock:
 
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