Monday 20 November 2017

Mad with rage at the mess we're in

Sean Quinn, who saw an opening no one else could when he bought 25pc of Anglo Irish Bank, who also benefited from a Seanie FitzPatrick €300m bailout to offload his contracts for difference in Anglo, and who now owes almost €4bn to the State and others, tells us that the Financial Regulator, Matthew Elderfield, has made "the biggest mistake in Irish corporate history" in moving to appoint an interim administrator to his companies.

Although a heresy, I think Sean Quinn has gone bonkers.

It seems one of the greatest effects of Celtic Tiger-hubris has been to inculcate a deep-seated denial in its leading proponents.

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