Saturday 21 January 2017

Martina Devlin: How financial virtuoso Seanie became the face of bank crisis

Published 19/03/2010 | 05:00

If the Irish banking collapse wears a face, most people would identify it as Sean FitzPatrick's. No one man can be held single-handedly responsible for the crisis of the past 18 months that has attacked the fabric of Irish society -- raising unemployment, levelling egos, ending careers ignominiously and resuscitating the spectre of emigration.

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Yet the former chief executive of Anglo Irish Bank, later its chairman, is the first name that springs to mind when talk turns to banking failure; a disaster that transformed an economic recession into a depression.

When the scale of the crisis became known, the self-made multi-millionaire -- said to be worth €90m at the height of the boom -- was caricatured as Public Enemy Number One.

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