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Quinn and Nama


kkkkkkkkkk

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Joined
May 2, 2011
Messages
1,641
With this situation tonight, and the closing of anglo
and the transfer to nama

where does this leave quinn ?

Is he still liable for the 2.3bn debt for buying anglo shares ?

does quinn have a case, to get out of paying the 2.3bn debt

If a company goes into liqudation, do you owe that company the money ?
 
Last edited:


Dan_Murphy

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Joined
Feb 22, 2010
Messages
3,811
With this situation tonight, and the closing of anglo
and the transfer to nama

where does this leave quinn ?

Is he still liable for the 2.3bn debt for buying anglo shares ?

does quinn have a case, to get out of paying the 2.3bn debt

If a company goes into liqudation, do you owe that company the money ?
He still owes money, it's just to whomever takes over Anglos assets.
 

artfoley56

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Mar 24, 2011
Messages
9,658
With this situation tonight, and the closing of anglo
and the transfer to nama

where does this leave quinn ?

Is he still liable for the 2.3bn debt for buying anglo shares ?

does quinn have a case, to get out of paying the 2.3bn debt

If a company goes into liqudation, do you owe that company the money ?
nope, your hero is still effed, and we're all on the hook with the insurance levy due ot his shenanigans which dwarfs anything those nasty old legal leeches get up to

yo quinn supporters are very ignorant people
 

kkkkkkkkkk

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May 2, 2011
Messages
1,641
nope, your hero is still effed, and we're all on the hook with the insurance levy due ot his shenanigans which dwarfs anything those nasty old legal leeches get up to

yo quinn supporters are very ignorant people
quinn's legal leeches will be on top of this in the morning
 

artfoley56

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Mar 24, 2011
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storybud1

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Oct 25, 2011
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Where is Alan Dukes ? Where is Labour ? Enda is talking the talk just now on Vinnie, the 40 year mortgage on E.U. gamblers begins in the morning.

I wish he just informed the house that every Dail pension is now in NAMA and that unless they get the finger out and create jobs and their pensions will be based on jobs they create from tomorrow.
 

Ryan Tubbs

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Sep 20, 2012
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3,660
The litigation against Seán Quinn, his son, nephew, and his despicable daughters, will all continue uninterrupted. In case there was any doubt about this, Gilmore just said it in the Dáil.

The one possible upside for the Quinns is that whereas IBRC have been ruthless in their willingness to pursue people to the ends of the earth through the courts in muliple jurisdictions, NAMA have been somewhat more restrained and tend to make deals where possible. However given the public prominence of the Quinns and their blatant attempts to subvert the courts and defraud the State, I think it is very unlikely that NAMA will take a view of its cases against the Quinns that is substantially any more lenient than the IBRC.
 

pippakin

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Feb 22, 2010
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I grow ever more curious ahy the Quinns are being hounded through the courts when hardly anyone else has even been questioned.

Are we to assume Quinns are responsible for all the gambling debts.
 

bye bye mubarak

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Feb 2, 2011
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3,454
I grow ever more curious ahy the Quinns are being hounded through the courts when hardly anyone else has even been questioned.

Are we to assume Quinns are responsible for all the gambling debts.
You have to wonder wher these criminal apologists, or gombeen fools have been;do they not know how to read a paper? Quinn like others borrowed millions to boost shares in a 'bank' owned by his friends, and was chased fr this debt, now owned by the Irish nation. He was instructed by the court to keep it within Ireland, where upon he moved this Irish money to eastern european bank accounts of individuals, and the richest man in the country, the astute businessman couldn't get if back of these bad russians. Poor gangster, how was he to know that there was corrupt peoppe out there. Would anyone put money into a bank account they couldn't get access to, employ solicitors, pay them large retainers, only to find no-one can get access to it. What sort of fool are you? He was jailed for contempt of court, he was then released, but I believe is still in contempt. Why is this man still free. No wonder Gombeen is an Irish word.
 

pippakin

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You have to wonder wher these criminal apologists, or gombeen fools have been;do they not know how to read a paper? Quinn like others borrowed millions to boost shares in a 'bank' owned by his friends, and was chased fr this debt, now owned by the Irish nation. He was instructed by the court to keep it within Ireland, where upon he moved this Irish money to eastern european bank accounts of individuals, and the richest man in the country, the astute businessman couldn't get if back of these bad russians. Poor gangster, how was he to know that there was corrupt peoppe out there. Would anyone put money into a bank account they couldn't get access to, employ solicitors, pay them large retainers, only to find no-one can get access to it. What sort of fool are you? He was jailed for contempt of court, he was then released, but I believe is still in contempt. Why is this man still free. No wonder Gombeen is an Irish word.
The Quinns guilt or innocence is neither here nor there, they were not the only ones but they do seem at the moment to be the only ones facing trial. Personally I don't think there's a director a bank who should not be facing charges but all we have is the chance that Sean Fitzpatrick will face trial some time next January.

The Quinns are in trouble but no way are they the only ones who were involved in the boys club that was Irish banking and big business. Keep your insults.
 

Timeandagain

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Feb 6, 2013
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329
You have to wonder wher these criminal apologists, or gombeen fools have been;do they not know how to read a paper? Quinn like others borrowed millions to boost shares in a 'bank' owned by his friends, and was chased fr this debt, now owned by the Irish nation. He was instructed by the court to keep it within Ireland, where upon he moved this Irish money to eastern european bank accounts of individuals, and the richest man in the country, the astute businessman couldn't get if back of these bad russians. Poor gangster, how was he to know that there was corrupt peoppe out there. Would anyone put money into a bank account they couldn't get access to, employ solicitors, pay them large retainers, only to find no-one can get access to it. What sort of fool are you? He was jailed for contempt of court, he was then released, but I believe is still in contempt. Why is this man still free. No wonder Gombeen is an Irish word.
Quinn borrowed money to buy CFD's. The Share price plummeted due to Anglo's over reliance on the property bubble. Quinn couldn't meet the calls on the CFDs and would have been made bankrupt. But this wouldn't have touched the Group or the overseas properties as they were in the children's name from 2002. Anglo then constructed a loan to offer to cover the calls on the CFDs. This was done at a time when the management knew the bank was fecked. This loan was passed by the management of the bank, very senior civil servants and senior politicians. The money was loaned to cover the CFDs. Long after the money had paid of the calls on the CFDs Anglo went to the Quinns and got retrospective loan agreements signed linking these loans to the Quinn group and the overseas assets. They then used these restrospective loan agreements to snatch the group and try to take the overseas property. They went it via the military takeover of the headquarters to ensure they had all the incriminating documentation. Unfortunately for Anglo, and through the curent disclosure of phone calls, emails etc this will all come out anyway. Sean Quinn was stitched up by Anglo, to ensure that they got control of the group and the foreign properties. I have no doubt that part of this sham last night is to ensure the Quinns can not take their claim against IBRC for compensation. And the other part is quite simply giving the can a very long kick down a very long street.
 

Radix

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Aug 31, 2010
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He still owes money, it's just to whomever takes over Anglos assets.

On a small point of order Dan, Anglo is a black hole with no assets. Wait till you see what the liquidator gets for it.
 

HYENA

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Jan 21, 2011
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The quinns were aided by bankers, civil servants and a parcel of rogues and traitors calling themselves a government. So let the carnival begin by hanging the quinns out to dry and then hunt down the others especially fat boy brian cowan and his cabinet clowns. The cheapest reality viewing should be hounding these traitors and the final act should be trichet accounting for his actions and exhuming that blustering barrister.
 

Timeandagain

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Feb 6, 2013
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The quinns were aided by bankers, civil servants and a parcel of rogues and traitors calling themselves a government. So let the carnival begin by hanging the quinns out to dry and then hunt down the others especially fat boy brian cowan and his cabinet clowns. The cheapest reality viewing should be hounding these traitors and the final act should be trichet accounting for his actions and exhuming that blustering barrister.
The Quinns weren't aided by Anglo, they were douped by them. At the time when SQ was defaulting on his CFD calls, the Anglo management knew the bank was gone. What should have happened was that the calls on the CFDs would have bankrupt SQ personally (But not touched the Quinn group as it was owned by the children). This would have caused the shares to flood back onto the market and thus reducing the share price even quicker. Obviously anglo didn't want this happening so they offered the loan deal to cover the CFDs. After the CFD calls had been paid of Anglo then came to the children looking them to sign the personal Guarantees for the loans. This was done at a stage when Anglo knew the bank had slipped away and were trying to cover their tracks.
 

Astral Peaks

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The Quinns weren't aided by Anglo, they were douped by them. At the time when SQ was defaulting on his CFD calls, the Anglo management knew the bank was gone. What should have happened was that the calls on the CFDs would have bankrupt SQ personally (But not touched the Quinn group as it was owned by the children). This would have caused the shares to flood back onto the market and thus reducing the share price even quicker. Obviously anglo didn't want this happening so they offered the loan deal to cover the CFDs. After the CFD calls had been paid of Anglo then came to the children looking them to sign the personal Guarantees for the loans. This was done at a stage when Anglo knew the bank had slipped away and were trying to cover their tracks.
Please stop with these lies....

Quinnn himself has admitted that he put assets beyond the reach of Anglo...
 

Dan_Murphy

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Feb 22, 2010
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This shower seem unconcerned by recent developments:

http://www.facebook.com/WeAreCIC
CIC has in the past posted articles on the page suggesting that the elites in society had John F Kennedy assassinated in order to prevent technology that violates the second law of thermodynamics being revealed.

I wouldn't pay much attention to them, they are objects of amusement and nothing more.
 

Timeandagain

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Feb 6, 2013
Messages
329
Please stop with these lies....

Quinnn himself has admitted that he put assets beyond the reach of Anglo...
Er the assets being moved had nothing to do with what I said above. Are you struggling to get that? I am explaining the actions relating to the loans in the first place.

I don't appreciate being called a liar.
 

kkkkkkkkkk

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Joined
May 2, 2011
Messages
1,641
it could well be that anglo was shut
to stop quinn in his tracks

if he won the case against anglo
the whole lot of them would be f..ked
the bankers
the politicians
the civil servants
the regulator
the auditors
the legal leeches
etc etc
 

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