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Sam Boal/RollingNews.ie

Gavin Duffy said he had to remortgage his house to start presidential bid

In order to get on the ballot, candidates need the support of four councils or 20 members of the Oireachtas.

PRESIDENTIAL HOPEFUL GAVIN Duffy said he is financing his own campaign by remortgaging his home. 

The businessman, best known for his role on Dragon’s Den, was present at Kildare County Council where he called on local reps to back him to run for the presidency. 

In order to get on the ballot, candidates need the support of four councils or 20 members of the Oireachtas.

Addressing the council, Duffy said he is using his own money to stop people thinking he “has been backed by big business”. 

Councillors also quizzed the would-be president about his links to billionaire businessman Denis O’Brien. Duffy said that in 20 years of business, he has only been in the employ of Denis O’Brien or any of the businesses he owns for the sum total of 40 hours. 

Duffy set out his stall for his campaign and said that he wants to inspire a number of changes. 

His ideas include the establishment of an “Ireland International Youth Corps which our young people aged between 18 and 23 could join to serve their community at home for three months and then volunteer overseas in developing parts of the world”.

He also called for more respect of everyone in society, specifically “how to end shaming in our society, attacking one another over body image or sexual orientation, particularly as it affects our young people who suffer severe cyber bullying”

Senator Joan Freeman was also seeking a nomination – as were artist Kevin Sharkey and lecturer James Smyth. Freeman said she wants to siphon some of the presidential salary to create a system similar to Britain’s OBE/MBE scheme. She said that that money would best be used to celebrate the volunteers who “work so tirelessly” for their communities. 

Freeman also faced the same question about how she intends on funding her campaign if she is successful in getting on the ballot. 

She said that “sadly for me, I can’t remortgage my home – it’s mortgaged to the hilt. What I am doing is hoping that people will back me and donate to get me across that line.”

Be sure to check out our breakdown of all the talking points at the Kildare council meeting first thing tomorrow morning on TheJournal.ie.

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    Mute Mark Dalt
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    Aug 2nd 2012, 2:09 PM

    That’s what entering the Euro did. It worsened our ability to print money and as a result, we are risky. However, we know S&P is an incompetent rating agency by their failure to predict the global financial crisis. The same rating agencies that gave Lehman a triple AAA on the day they went bankrupt.

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    Mute Stephen Redmond
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    Aug 2nd 2012, 2:09 PM

    ratings agencies are filth.
    look what this and other countries have gone through to make themselves more competitive and lower their public expenditure. it suits them for us to have low rating as their clients will receive a higher return on their investment.

    49
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    Mute B Feery
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    Aug 2nd 2012, 1:34 PM

    Always bad news never good news

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    Mute Damocles
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    Aug 2nd 2012, 2:12 PM

    One per cent growth predictions for next year. That’s good news.

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    Mute Mark Larson
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    Aug 2nd 2012, 2:27 PM

    These rating agencies are a big part of the problem.

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    Mute Paddy O Donnell
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    Aug 2nd 2012, 2:23 PM

    any chance of a carrot instead of beating us with a stick!

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    Mute Stephen Redmond
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    Aug 2nd 2012, 3:07 PM

    that’s an owl Ben Franklin quote that.
    and its right Germany being the wolves and fine gael being the lamb

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    Mute Mick
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    Aug 2nd 2012, 4:18 PM

    @Stephen,

    It’s not actually a Benjamin Franklin quote – I checked before posting, apparently its sometimes wrongly attributed to him.

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    Mute Oliver Whyte
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    Aug 2nd 2012, 2:20 PM

    The ultimate achievement for a country swamped in debt – borrow even more (virtual) money (return to the markets).

    Politicians will not never stop spending.

    Democracy is the bankers best friend.

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    Mute Oliver Whyte
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    Aug 2nd 2012, 2:27 PM

    Banker: I will give 5 more years of political success (hyperinflated wages, pensions, social welfare) in exchange for your national electricity company

    All politicians: sold!

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    Mute Mick
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    Aug 2nd 2012, 2:28 PM

    As a friend of mine likes to say:
    Democracy is two wolves and a lamb voting on what to have for lunch.

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    Mute Brian Daly
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    Aug 2nd 2012, 3:15 PM

    There is an unspoken but implicit part of the S&P statement – we won’t raise your ratings unless it’s in our financial interest to do so. Ratings agencies, in general, are biased and get it wrong more often than right, If they get it wrong you can be assured that they are benefiting from their “error”.

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    Mute Gagsy 99
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    Aug 2nd 2012, 5:14 PM

    Can someone explain the background to the bias of ratings agencies suggested in a few of the comments above?

    Where do they get their revenue? I thought it was primarily from the entities that they rate.

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