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Sean Quinn Laura Hutton/Photocall Ireland

Fermanagh GAA County Convention pledges support for Sean Quinn

The convention passed a resolution in support to the jailed Sean Quinn and his family on Monday, and expressed its best wishes to them.

SEAN QUINN, WHO is currently in jail, received a pledge of support from a GAA convention this week.

Delegates at Fermanagh GAA Convention passed a resolution in support of Quinn and his family on Monday 10 December.

The convention said:

Sean Quinn and the Quinn Group has been a very generous supporter of the Fermanagh GAA family for a long time and his exceptional innovative skills have brought great benefits to all Fermanagh people.

Delegates also expressed their concern regarding the future of employment under the direction of the current management who now control the Quinn Group.

Fermanagh GAA concluded by expressing their best wishes to Sean and his family at this time and “hope that 2013 will bring a favourable conclusion for the Quinn family in their present difficulties”.

Quinn, who was at one time the richest man in Ireland, was sentenced to nine weeks in jail on 2 November by the High Court for contempt of court. The 66-year-old’s son, Seán Jr, was also found in contempt and was recently released after serving his three-month sentence. His nephew, Peter Darragh Quinn, was also found guilty but avoided jail by travelling to Northern Ireland.

Seán Quinn has asked if he can be let out of jail to attend his granddaughter’s christening on 22 December on compassionate grounds.

A number of rallies in support of the Quinns have been held this year in the town of Ballyconnell in Cavan, where Quinn once owned companies that created jobs in the area.

Read: Everything you need to know about the Quinn saga, but were afraid to ask>

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106 Comments
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    Mute werejammin
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    Dec 14th 2012, 2:56 PM

    How about pledging support for the people who have to find extra money for their car and home insurance for the next decade thanks to sean quinns greed?

    286
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    Mute Mainstream Hysteria
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    Dec 14th 2012, 3:48 PM

    The only Quinn I like is the one from Irish Pictorial Weekly. The rest of them should spend the rest of their lives afraid to pick up the soap.

    88
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    Mute Professor Mehoop
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    Dec 14th 2012, 4:05 PM

    And the taxpayer who will be paying for their actions in perpetuity.

    98
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    Mute Nigel O'Neill
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    Dec 14th 2012, 5:11 PM

    Here here! So much for the GAA being non-political

    108
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    Mute Cormac Ryan
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    Dec 14th 2012, 3:00 PM

    So they have support for a man who is partly to blame for costing the country billions and then tried to illegally hide his assets meaning the country has to pick up even more of a tab! Good one GAA! Everything that is wrong with our country in one headline!

    232
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    Mute rusty9
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    Dec 14th 2012, 11:03 PM

    Cormac, you concede that Quinn tried to hide HIS assets. Period.

    23
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    Mute Kerry Blake
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    Dec 14th 2012, 11:54 PM

    Your point rusty9?

    9
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    Mute Y.F.
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    Dec 15th 2012, 9:06 AM

    Kerry Blake,
    Quinn is in jail for hiding his own assets. The ownership of the foreign assets has never been established in a court of law. Anglo claim they own them, he begs to differ, and the issue won’t be solved until the pending courtcase. (Which, I’m sure you’re aware was brought back this week) Justice Dunne was ruling on the case in front of her ie. the contempt of court orders. The validity of the debt has yet to be decided on. Quinn has paid back the 455 Million of undisputed debt, and the rest is in dispute, so that is what he is in jail for….hiding his own.

    15
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    Mute Cormac Ryan
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    Dec 15th 2012, 1:59 PM

    Yes he illegally hid his own assets in contempt of court. I or the courts would have no problem with this if he didn’t owe the state ( granted the only reason it’s the state is cause somebody stupidly gaurented Anglo on our behalf) billions of euros. Just cause you don’t agree with them does not mean you can ignore the rulings of a court or preempt the rulings of a court with illegal actions.

    2
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    Mute Reg
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    Dec 14th 2012, 3:14 PM

    Why is the GAA pledging support for someone who’s in jail for showing contempt for the laws of this country exactly?

    204
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    Mute Professor Mehoop
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    Dec 14th 2012, 4:06 PM

    Says a lot about the GAA’s ‘value system’.

    120
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    Mute Frank Cluskey
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    Dec 14th 2012, 3:05 PM

    Very bad move by the GAA, nothing to do with them. they are setting a precedent that will have serious consequences

    200
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    Mute Angela Gaffney
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    Dec 14th 2012, 5:22 PM

    It’s one County ….not all the gas membership….

    12
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    Mute Angela Gaffney
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    Dec 14th 2012, 5:24 PM

    Meant all gaa …I don’t support him and I know many who are gaa members who don’t….

    25
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    Mute Frank Cluskey
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    Dec 14th 2012, 6:47 PM

    agree completely angela the need to distance themselves immediately

    17
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    Mute Stephen Downey
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    Dec 14th 2012, 8:46 PM

    What are the serious consequences?

    10
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    Mute Tomy Iona
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    Dec 14th 2012, 11:36 PM

    EVEN RYAN TUBRIDY?!!?!? Welll….. I’m now with you… that’s such an endorsement.

    If Pat Kenny gets on board now I’ll stop questioning EVERYTHING….

    Cult of personality pal….

    18
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    Mute Tomy Iona
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    Dec 14th 2012, 11:59 PM

    I’d prefer if you would reply to my other question which asks you for a link to the claims your making and stating that it’s public record.
    I’ve looked, I can see no offer.

    Back it up with something worthy, not just the doubts of an overpaid celebrity.

    6
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    Mute Kerry Blake
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    Dec 15th 2012, 12:01 AM

    Rusty every time I insure my car, my house or something of personal value. Brass neck Quinn is costing me extra. Those are the facts, No matter what you might claim. Even tonight he is costing me money as he is locked up for contempt of court. State needs to recover any money possible and hopefully lock that example of Irish business away for a long time.

    Ryan Tubridy called to the defence – infantile.

    10
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    Mute Jason Culligan
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    Dec 14th 2012, 2:59 PM

    Cut their state funding due to the cutbacks needed to fund Quinn’s gambling. See how quick they are to voice support then.

    173
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    Mute michael o'toole
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    Dec 14th 2012, 3:37 PM

    like you Jason,
    the DUP aren’t very much in favour of “state funding” for Fermanang GAA, either,
    or for funding of the GAA in any of the Six Counties.

    111
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    Mute Professor Mehoop
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    Dec 14th 2012, 4:07 PM

    The Six Counties? Is that an official geographical term, or is it just one that SF/IRA use?

    36
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    Mute Tomy Iona
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    Dec 14th 2012, 4:08 PM

    michael, that’s taking his comment in a light you know it wasn’t intended.

    If there’s one thing we learn from this story it’s that even thieves can manage to take advantage of the Irish addiction to (the financial equivalent of) parish pump politics.

    Hello fermanagh & cavan by the way – the red thumb is the one on the left….

    40
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    Mute michael o'toole
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    Dec 14th 2012, 4:36 PM

    Professor:
    is “SF/IRA ” a political party, or is it just a term that ol Jim Alster & those of his ilk tend to use ?

    “The Six Counties?”
    yeah – the six counties of northeast Ireland that are still under British rule.

    Tuigeann tú anois ?

    66
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    Mute Professor Mehoop
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    Dec 14th 2012, 4:43 PM

    Michael,

    Spoken like a true Ra head.

    Show me the map which shows that part of the British Isles officially known as the Six Counties. Only the mentally deficient would seriously think that SF and IRA are not two sides of the same ugly coin.

    Póg mehoop. Tuig that.

    29
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    Mute Tomy Iona
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    Dec 14th 2012, 4:57 PM

    To be fair, I grew up in Donegal where the term “six counties” was used a widely – by that I mean by people with all kinds of political persuasion.

    I’ve always regarded it as an abbreviation for “the 6 counties of ulster that are under british rule, not ulster on the whole which, surprisingly some dopes don’t realise has 9 counties”

    So more a case of identifying a specific 2/3rds of ulster rather than confusing the few who are unaware.

    34
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    Mute Professor Mehoop
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    Dec 14th 2012, 5:06 PM

    I thought the official name, Northern Ireland, would have had the same effect?

    18
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    Mute Robin Pickering
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    Dec 14th 2012, 5:08 PM

    Can’t they just say Northern Ireland?

    17
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    Mute michael o'toole
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    Dec 14th 2012, 5:43 PM

    ah – comon Professor
    you may not be a Professor of Geography, but –
    surely you’ve seen a map of Ireland, showing the border, that partitions our country into the Six & Twenty Counties ??

    as for your “SF/IRA”
    even the DUP & FG have largely ceased using the term.
    the PDs were fond of the term too – but, thank God, they’re no longer with us,
    but i have noticed, that like you, ol Jim Alister & the TUV tend to use it, still.

    17
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    Mute Tomy Iona
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    Dec 14th 2012, 9:53 PM

    We have to refer to everything in it’s official terminology now do we? Let’s not use semantics – it’s completely irrelevant, I said what I said because you appeared to be trying to attach the term to nationalists/republicans. I simply stated that it’s not. So why not refer to NI as the “six counties”. Or are you suggesting that there’s some hidden agenda behind calling the Killkenny team the Cats? Or Limerick/Clare being in the Mid-West or Ireland being in western europe.

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    Mute Tom Quinn
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    Dec 14th 2012, 3:43 PM

    A lot of red thumbs in support of Quinn by the looks of it but none brave enough to voice an opinion. The Quinn situation in Cavan is everything that is wrong with this country. “Jail all the cute hooers that caused this economic problem, but the the cute hooer from our part of the country who we blindly think is a God!”. Its the same bloody mentality in Tipp North when it comes to the likes of Lowery. They keep voting in that cute hooer even though anyone can see he is as crooked as they come………This country is a joke and we have to wake up and stop being so stupid! Baaaaaaaaaaaaaa Baaaaaaaaaaaaaaa

    154
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    Mute Matt McNamara
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    Dec 14th 2012, 5:49 PM

    Well said Tom !

    38
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    Mute Y.F.
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    Dec 14th 2012, 6:15 PM

    Tom you are wrong on so many levels. You, the people who are led by the nose by the gospel according to Dukes and his cronies, are the sheep. There are no, or few animal noises coming from the border region. Fair play to the GAA for standing up to injustice, for standing by a man who is being mistreated and for not being afraid to voice their opinion in a climate where the media circus are running the country.

    52
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    Mute _doesnotcompute
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    Dec 14th 2012, 3:22 PM

    I see the red thumbs brigade are out in force, but oddly silent. Anyone care to elaborate on why they think the GAA should support this traitor?

    148
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    Mute Begrudgy
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    Dec 14th 2012, 3:38 PM

    Something very fishy about these red thumbs. ???

    107
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    Mute Nuffsaid Thatsall
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    Dec 14th 2012, 3:41 PM

    You beat me to it!! Nearly every comment is red-thumbed to green thumbed in equal measure despite most if not all comments making sense! Yet no Pro-Quinn commentary, because at the end of the day, although Quinn is being made the poster-boy for his and his cronies greedy actions in the years gone by, his actions are indefensible!!! Just local parish-pump blind faith from the Cavan Fermanagh crowd who benefited from local jobs thinking the bould Government up in Dublin took their jobs from them!!

    108
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    Mute Frank Cluskey
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    Dec 14th 2012, 3:48 PM

    jazus i thought the same meself serious red thumbs for my comment, i didnt think there was that many gombeens about the place

    107
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    Mute Tomy Iona
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    Dec 14th 2012, 3:54 PM

    The whole of Fermanagh GAA is on…..

    92
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    Mute Frank Cluskey
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    Dec 14th 2012, 4:07 PM

    there is no doubt

    66
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    Mute martin o connor
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    Dec 14th 2012, 4:33 PM

    Gombeen haha

    39
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    Mute Y.F.
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    Dec 14th 2012, 7:59 PM

    Does not compute
    Maybe the GAA should support him because they are not afraid to have an opinion, and to voice it, even if it means that people with a lesser knowledge on Quinn matters may take a bit of a huff about it. Maybe they haven’t forgotten the huge contribution Quinn has been to them over the last 35-40 years. Maybe the GAA have read up on the entire debacle, and read the facts, and not what has been shoved in our faces via a biased media over the last 2 years. Maybe they have read http://anglothetruth.files.wordpress.com, which would have left them with no doubt that Quinn is, not only Anglo’s, but the government and the whole countries scapegoat. Maybe the GAA have integrity and are courageous enough to stand up for someone who has been wronged and mistreated

    38
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    Mute John lynch
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    Dec 14th 2012, 8:15 PM

    Maybe the GAA do not bleat…

    11
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    Mute John
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    Dec 14th 2012, 8:24 PM

    On behalf of the red thumbs brigade here are a couple of things for your pipe.
    1) Quinn has forever changed Cavan or the better. It used to be that our children could never hope to get jobs in Cavan. Mr Quinn has fixed that.
    2) I take it none of you live in a border county? Well we are forgotten by Dublin and Belfast, Mr Quinn has put us on the map and given us something to be proud of.
    3) it’s Anglo we should be pursuing not this great man

    I don’t honestly expect any of you smoked salmon socialists to understand but one can always hope

    35
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    Mute Tomy Iona
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    Dec 14th 2012, 9:58 PM

    I’m from a border county and I’m sorry but it’s absolute tripe to see things so blinkered.

    Quinn has bought your loyalty at the expense of the Irish taxpayer – it’s that simple. If you want to continue to delude yourself, go ahead but that’s the facts.

    25
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    Mute rusty9
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    Dec 14th 2012, 11:12 PM

    To all the Quinn bashers, just log on the Concerned IRish Citizens facebook page or Quinn/Anglo blog spot and you will get more commentary than you are able to digest. See in particular a letter from Dr. Rory Hanley who explains effectively why people should support the Quinns. When you have read all the relevant articles, report back. and tell us why we should not support the man who created 8000 jobs, paid bililons to the Exchequer, and offered to pay the State 2.8 billion.

    19
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    Mute siobhan o mahony
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    Dec 14th 2012, 5:00 PM

    The amount of red thumbs is hysterical!!! It’s hard to believe the amount of people that look up to a CRIMINAL as a hero!!! FOOLS!!

    106
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    Mute Robin Pickering
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    Dec 14th 2012, 5:12 PM

    Well said!

    61
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    Mute rusty9
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    Dec 14th 2012, 11:01 PM

    Siobhan, Sean Quinn is not a criminal as this is a civil matter. You are going to have your eyes opened when the full truth emerges.

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    Mute Siobhan O'Mahony
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    Dec 15th 2012, 10:31 AM

    Don’t CRIMINALS go to prison???
    Where is Sean Quinn right now eh??
    Jog on!!

    6
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    Mute Y.F.
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    Dec 15th 2012, 10:46 AM

    Siobhan,
    Your statement really proves how little you know about Quinn. He is not a criminal….it was a civil case. His punitive treatment it not unlike the treatment a criminal would get, but that does not make him a criminal…

    11
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    Mute Siobhan O'Mahony
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    Dec 15th 2012, 11:04 AM

    Justify it how you like, he was the one that got greedy and WE are the ones to suffer because of it.
    When his JAIL TIME is done he will still have his secret stash of millions.
    WE will pay for his greed for a long time!

    5
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    Mute cormac
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    Dec 14th 2012, 3:13 PM

    Should stay well clear of politics.

    105
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    Mute Justin Ferris
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    Dec 14th 2012, 4:08 PM

    What planet are these people living on? That man is costing the state billions. I am a hurler myself and a fan of the Gaelic games but I think the gaa have no place in politics

    97
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    Mute rusty9
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    Dec 14th 2012, 11:08 PM

    Justin, this is not politics. Its a human rights story not just for the Quinn family but for every citizen of this country.

    15
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    Mute Tomy Iona
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    Dec 14th 2012, 11:37 PM

    Yeah, that we’re all paying someone’s gambling debts. almost enough debt to reverse most of the budget cuts.

    10
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    Mute Frank2521
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    Dec 14th 2012, 3:26 PM

    I hope the GAA are not getting goverment grants, lotto funding,or FAS grants. I hope they have no special tax credits or reductions. Children’s allowance and other cuts are paying a percentage of the Quinns criminal activity.

    92
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    Mute michael o'toole
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    Dec 14th 2012, 3:40 PM

    Frank
    you say – “Children’s allowance and other cuts are paying a percentage of the Quinns criminal activity”

    10% correct -

    providing the ‘Quinn’ you’re referring to is called Ruairí or ‘Ho Chi Min’ .

    108
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    Mute Begrudgy
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    Dec 14th 2012, 3:23 PM

    Looks like a lot of people from Cavan and Fermanagh voting here today.

    91
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    Mute Angela Gaffney
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    Dec 14th 2012, 5:29 PM

    IM from Cavan and don’t support him ….do t understand how people can defend his blatant disregard for our justice system or how his supporters can call him a hero ..

    45
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    Mute Stephen Nolan
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    Dec 14th 2012, 3:28 PM

    The GAA in the border areas have a history of backing bad things, they are just continuing their traditions!

    83
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    Mute Peter Lawless
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    Dec 14th 2012, 6:03 PM

    In all due respect GAA people of Fermanagh, it’s easy to see it’s not your tax money being squandered to patch up the Quinn mess.

    71
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    Mute rusty9
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    Dec 14th 2012, 10:59 PM

    Peter, I understand where you are coming from but the reality is that SEAN QUINN AND HIS FAMILY OFFERED 2.8 BILLION TO THE STATE PLUS COMMITTED TO RETAIN ALL THE JOBS AND CREATE 1700 ADDITIONAL JOBS.
    This is a matter of public record and would have saved the taxpayer and consumer at least 5 billion. It would also have prevented any call on the Insurance Compensation Fund.

    THIS OFFER WAS THROWN IN HIS FACE BY PEOPLE WITH VESTED INTERESTS IN FAVOUR OF A STRATEGY THAT WILL NEVER SEE THE RETURN OF ONE CENT AND WILL COST US BILLIONS.

    The people of Ireland deserve to know the truth. The Quinn family have asked to appear before a Dail Com. to answer questions but were denied the opportunity to do so. The decision makers are doing everything possible to sweep the corruption at the very heart of the establishment, under the carpet but it will come out in the big case that Quinn is taking against Anglo next year when it finally comes to court.

    28
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    Mute Tomy Iona
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    Dec 14th 2012, 11:33 PM

    Rusty – provide a link. Where is it in public record? It seems strange to me that anyone who would claim that the loans were 2.34bn would then offer to pay more than that while simultaneously trying to sue anglo over the unlawful character of the loans?

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    Mute Kerry Blake
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    Dec 14th 2012, 11:52 PM

    Tomy forget the link were is the €2.8 billion? Maybe in Russia? Quinn family a bunch of con men costing the tax payer in this country much need money in legal fees every day

    16
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    Mute SMcB
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    Dec 15th 2012, 1:03 AM

    I’ll refer you to the following 2 posts on Boards.ie

    http://touch.boards.ie/thread/post/79993102
    http://touch.boards.ie/thread/post/79883947

    In short, the 7 year plan was waffle.

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    Mute Tomy Iona
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    Dec 15th 2012, 2:13 AM

    My point Kerry is that there appear to be two sides to this. Each side thinks the other is deluded.

    There is plenty of reliable sources out there pointing the finger of blame at Quinn while accepting that Anglo had a significant hand in there too.

    I won’t accept people using CAPS LOCK as any kind of reason to think they should be believed. Source it and it shall be considered.

    P.S. Considered does not mean accepted.

    5
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    Mute Peter Lawless
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    Dec 15th 2012, 4:31 AM

    Rusty in all due respect if I run company A into insolvency while also squandering billions of my only other assets into worthless shares, how the bloody hell can I seriously base my survival strategy on a massive loan injection into A to support repaying my losses on the shares. Fanciful at best! The guy f@&$ed up, insurance is not a sweet shop, money in is not pure income as every cent relates to YOU guaranteeing a possible future event, due to this guarantee naturally you are required to keep big reserves to disperse should these events occur. Quinn didn’t do this so naturally his insurance business was considered worthless and therefore any guarantees or future strategies based on this worthless business non financeable. Why are people too stupid to see this

    12
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    Mute SMcB
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    Dec 15th 2012, 10:33 AM

    In case anyone is wondering, I wrote both of the linked posts above on Boards… If any of the red thumb’ers would care to provide financial analysis on the 7 year plan, I’m all ears.

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    Mute SMcB
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    Dec 15th 2012, 2:21 PM

    Still all ears…

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    Mute siobhan o mahony
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    Dec 14th 2012, 3:23 PM

    Money talks!!

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    Mute Eoin Darcy
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    Dec 14th 2012, 3:44 PM

    Fact of the day!fact f. A. C. T look it up quinners

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    Mute Matt McNamara
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    Dec 14th 2012, 3:26 PM

    Why are people in Northern Ireland having a say in what goes on down here in the South ???

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    Mute michael o'toole
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    Dec 14th 2012, 3:44 PM

    Matt:
    if you’re from “the South”
    why are you “having a say” about what people in Fermanagh are doing ??

    because Fermanagh is one of the 32 counties of Ireland, prhaps ??

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    Mute Professor Mehoop
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    Dec 14th 2012, 4:09 PM

    Hear hear Matt.

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    Mute Professor Mehoop
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    Dec 14th 2012, 5:09 PM

    There’s definitely a concerted effort by the Pro-Quinners to red-thumb and not comment on anything that doesn’t support their emperors’ cause. Wonder what organisation is helping out…? It’s brilliant to watch these bird-brains in action.

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    Mute Matt McNamara
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    Dec 14th 2012, 5:46 PM

    I think the GAA – The Grab All Association should focus themselves on more worthy issues than backing a man that has helped bring this country to it knees with greed on a criminal scale.

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    Mute John
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    Dec 14th 2012, 3:52 PM

    Ah begora! To all you insufferable liberals criticising Quinn, he bought jobs and sprawling housing and ghost estates to Cavan. Ah sure so what if he stole a few billion here or there, wouldn’t you in the same situation. Before you criticise this legend, come to Cavan bring a pair of wellies, knee high muck everywhere you know, talk to us and you will see we aren’t savages that you make us out to be

    *sarcasm

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    Mute Micheal Sheridan
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    Dec 15th 2012, 8:08 AM

    John, I’m from Cavan so am I expected to be loyal to Seán Quinn because I’m from Cavan? I played GAA and all that and grew up in wellies so you cant say I didn’t live out the stereotype some people are using as *sarcasm* in here.
    I don’t disagree that he created employment in the region and had a massively positive impact on people’s lives BUT the fact is he broke the rules of the court and that’s why he’s in prison. Same way that anyone who created hundreds/thousands of jobs broke the law would end up inside for a few weeks.

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    Mute Frank2521
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    Dec 14th 2012, 4:49 PM

    John. — we the citizens of Ireland brought jobs to Cavan it seems. We subsidised all the gambling and reckless management. We are still subsidising it by cuts to caters and children’s allowance plus many more worthwhile projects that have shut as a result of greed by the Quinns , Banks, etc. The Quinns happen to be the most addicted to the money as they will go to any length to keep it like drug addicts. Even jail!!!

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    Mute rusty9
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    Dec 14th 2012, 11:14 PM

    Frank, see my comments above and refer to sites named for FACTS.

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    Mute Donal Ferrie
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    Dec 14th 2012, 5:10 PM

    Are there so many Red Hands being pressed as that is the hand the associate with the most in Northern Ireland

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    Mute Tomy Iona
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    Dec 14th 2012, 11:42 PM

    Sorry Donal…. That’s the red hand of Ulster you’re talking about. that’s ULSTER with 9 counties not NI with 6 counties.

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    Mute Michael Smyth
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    Dec 14th 2012, 6:56 PM

    Cavan and Monaghan. Full of numptey’s.

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    Mute Michael Smyth
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    Dec 14th 2012, 7:03 PM

    Actually that’s a bit harsh. Monaghan people are all right

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    Mute Cpm
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    Dec 14th 2012, 5:36 PM

    Are these people for real?

    To quote Jacobim Mugatu in Zoolander; ” I feel like I’m taking crazy pills! “

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    Mute Matt McNamara
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    Dec 14th 2012, 6:24 PM

    The way things are going it looks like we will have a new political party for the next general election – The GAA Party !! Love to see their manifesto :-)

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    Mute rusty9
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    Dec 14th 2012, 11:49 PM

    Matt, I do not know if the GAA will run a candidate but I will tell you one thing for certain. IF the Quinn family run members in a number of constituencies, they will have no problem being elected and whats more THEY WILL KEEP THEIR PROMISES AND WILL DELIVER ON JOBS ETC.

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    Mute Tomy Iona
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    Dec 15th 2012, 3:24 AM

    and so the financial equivalent to parish pump politics would become parish pump politics.

    hopefully it’s just a noisy minority supporting the Quinns.

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    Mute Maureen Mc Gee
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    Dec 15th 2012, 1:32 AM

    Can’t understand why you are all so down on Sean Quinn. He did bring a lot of wealth to Ireland and jobs. We all gambled during the boom and lost the run of ourselves. Does that make us greedy too? You talk about how much it is costing the taxpayer, well what is it costing us for the many people driving about in uninsured vehicles do you not think our insurance costs are higher because of them? Anyway I think Quinn is being a scapegoat because they haven’t jailed any of their cronies in the banks yet and they were the real crooks in all of this.

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    Mute SMcB
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    Dec 15th 2012, 12:35 PM

    We all gambled… Did we now? *Rolleyes*

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    Mute Maureen Mc Gee
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    Dec 15th 2012, 1:22 PM

    What I’m saying SmcB is the majority of people cashed in on the boom. I personally didn’t gamble but you can’t say it didn’t happen. The only difference is that Anglo KNEW they were in trouble well before anyone else and were hiding it. Even when the government guaranteed the banks they didn’t come clean.

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    Mute SMcB
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    Dec 15th 2012, 1:56 PM

    Anglo DID NOT force Sean Quinn to gamble on their stock. He did that of his own free will.
    The mistake Anglo made was lending him the funds to take out his CFD position as under company law ‘it is unlawful for a company to give any financial assistance in connection with the purchase or subscription of shares in that company or its holding company’. On that basis I think SQ will win his case however that does not excuse his reckless behaviour (in term of the CFD purchased) or his nonsense offer to repay the funds borrowed. Nor does it excuse his behaviour in respect of Quinn Insurance or his current contempt of court.

    Ultimately the taxpayer will pay again for Sean Quinn’s recklessness. It’s bad enough that we’re paying for Anglo and the rest of the banks.

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    Mute Y.F.
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    Dec 15th 2012, 6:06 PM

    SMcB,
    Anglo did not force Quinn to invest in their bank. You’ re right there. However, they cooked their books, and showed fictitious accounts for the bank, that made investment in it look extremely attractive. On the basis that what Quinn was investing in was false and incorrect, then one could assume that any dealings, based in these false accounts, would then become nul and void. This too, must be determined in a court of law.
    Also, the plan than Quinn put forward to repay the entire debt was perfectly viable. It was approved by the Deutsche bank and government ministers, (even Anglo, initially). However Matthew Elderfield did not want Quinn involved in the running of the companies, and the plan was ignored based on this. What we have seen since that has been the catastrophic effects of putting people who know nothing about a business into the running of said business.

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    Mute SMcB
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    Dec 15th 2012, 6:48 PM

    Would you sue the owner of a horse that turned out to be a crock of shite just because you stuck your life savings on? Quinn will get away with his recklessness because of Anglo’s stupidity. Taxpayer pays again.

    In terms of the 7 yr plan, funny you’ve chosen to ignore my post above – links are attached again http://touch.boards.ie/thread/2056714200?page=13#post_79993102

    http://touch.boards.ie/thread/2056707066?page=16#post_79883947

    As well as that… The CFD loan was PERSONAL debt (€2.8bil that is)… His companies would have needed to make in the order of €5.6bil to allow the Quinn Family pay back the Anglo debt alone!!! Profits paid from a company to a shareholder (individual(s) that is) are taxed at the marginal rate…. (You do know that of course?) As well as forgetting about interest, the Quinn’s forgot about tax as well….

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    Mute Y.F.
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    Dec 15th 2012, 7:49 PM

    I see no correlation between betting on a horse, and investing (through CFD’s, or otherwise) into a bank that has shown the investor fictitious and aggressively overstated bank books, which were audited yearly. Don’t you find it strange that the bank has now started investigating the auditors of the bank at the time? They know the proverbial is about to hit the fan, so they’re shifting the blame once again. The arguements on your link are lame re the viability of the plan…….things like paying back no interest etc……Do you really think that the paying back (or lack of ) the interest would have had any effect on the consideration of the plan? Don’t you think that to it would have been a better scenario with regards employment, the tax-payer footing the bill etc?

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    Mute Ru Ni Digs
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    Dec 14th 2012, 6:15 PM

    “Fermanagh’s greatest wedding band “The Wedding Banditz” plan to release a Christmas single with the proceeds going Sean Quinn and his family.The song will be the classic “Release Me”.Let’s get this to number one.So watch out Simon Cowell.”

    Disclaimer : I have no idea,whether “”The Wedding Banditz” support the Quinn’s or not??? I used there name for the purpose of the comment because it sounded better than “Wedding Knights”(both are actual wedding bands from Fermanagh) and I certainly wasn’t going to sully the good name of “Mama’s Boy’s”.

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    Mute Joe Sixtwo
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    Dec 15th 2012, 12:36 AM

    A bunch of parochial idiots supporting a disgraced dishonest person who is costing the people of this country billions.

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    Mute rusty9
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    Dec 15th 2012, 4:26 AM

    Maureen, good for you. It is nice to seeing people such as yourself not falling for the Anglo propaganda that we are all being billed for.

    The Quinn bashers are in for a real surprise when the big case runs.

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    Mute Richard Vickery
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    Dec 14th 2012, 7:09 PM

    Does anyone know how much exactly is been stolen from me to pay and all of us for this guys need for greed on insurance polices? Is it a percentage or a set amount per policy?

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    Mute Reg
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    Dec 14th 2012, 7:23 PM

    I think it’s a 2% levy……for the next 15 years or so.

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    Mute rusty9
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    Dec 15th 2012, 4:27 AM

    Sorry Maureen. My response to your comment is posted in the wrong place and can be seen a few comments above this.

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    Mute Begrudgy
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    Dec 14th 2012, 5:41 PM

    I think Michael O Toole is the red button saboteur.

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    Mute Gerry Campbell
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    Dec 14th 2012, 5:23 PM

    Says it all.

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    Mute Philip Howlin
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    Dec 15th 2012, 12:53 AM

    So much for GAA being neutral

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    Mute padraig
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    Dec 16th 2012, 1:17 PM

    Sad. Quinn never made a profit, and the claim that the reserves were set higher for them is beside the point. There was a call elsewhere on all the money in the accounts from other parts of the group. This was a Ponzi scheme.

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    Mute SMcB
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    Dec 16th 2012, 4:40 PM

    I wish you the best of luck explaining that to the Quinnites… Financial literacy is not one of their strong points.

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