Seanie Fitz. RIP

https://www.boards.ie/discussion/comment/118146093#Comment_118146093

It wasn't anywhere near a billion.

See above.

RunningFlyer

His estate will be one to watch when probate is granted. No doubt he has millions hidden that he hadn’t yet transferred to his family.

foxsake

https://www.boards.ie/discussion/comment/118146093#Comment_118146093

what is there to blame?

he didn't do anything illegal at the time.

rules is rules. your opinion (nor mine) is not rules.

also his loans weren't the reason the sh1t him the fan

Hotblack Desiato

https://www.boards.ie/discussion/comment/118145814#Comment_118145814

It's normal for people to buy a home in an estate either still under construction or off the plans.

It's normal to move in while other phases are still being built and public areas in the estate are unfinished.

It only became a ghost estate when the chancer developer shagged off into the sunset leaving homeowners in the lurch.

As for the Anglo 10 wheeze - lending money to big customers to buy shares to prop up the share price - that was fraud.

The shenanigans with hiding his Anglo personal loans in Irish Nationwide - that was a fraud too.

Hotblack Desiato

https://www.boards.ie/discussion/comment/118146322#Comment_118146322

he didn't do anything illegal at the time.

He most certainly did.

Why people feel compelled to stick up for this man I'll never know, but it's clear that they know very little about what actually occurred

jmayo

https://www.boards.ie/discussion/comment/118144190#Comment_118144190

Why not say it now?

Why does a lying coniving sack of shyte deserve respect in death or in life.

He helped create an economy built on sand that helped ruin the lives of countless people through no real fault of their own.

Oh and the family.

You mean the ones that got million in loans written off.

https://www.boards.ie/discussion/comment/118144654#Comment_118144654

Did any other country have it's entire indigenous banking sector wiped out ?

How many other countries had the IMF and EU in ?

Lehmans me hole.

He even admitted prior to the crash on Rte Radio that most of his lending was construction related.

How the fook is that building a business when you put everything into one sector.

A sector completley dependent on the availability of ongoing cheap credit.

Of course he spun it that they were lending to entrepreneurs.

Yeah entrepreneurs that all had to be bailed out.

Massive growth for his mates not the country.

And massive growth is not creating a mega bubble.

https://www.boards.ie/discussion/comment/118144796#Comment_118144796

No he wasn't, but the crash can't be put down to some that borrowed for 5 apartments in Bulgaria.

The root cause of the crash was because you had bankers like Fitzpatrick and Fingelton who set the trend of lax lending, later to be followed by the ones in AIB, Ulster, BOI, RBS, etc etc.

The crash wasn't because someone over borrowed for a house.

It wasn't even because someone overborrowed for an investment property.

It was because banks and bankers decided that they could make massive profits by lending like crazy, and the regulators and politicians gladly played along.

Yes people should be responsible for their own decisions, but was Seanie and Co ever found responsible for all the shyte they did ?

BTW a fair few of us never did any major borrowing, but yet we carry the can for Seanie and Co.

Allinall

https://www.boards.ie/discussion/comment/118146448#Comment_118146448

Which of his family had millions in loans written off?

That's a fairly serious claim to make.

thefallingman

https://www.boards.ie/discussion/comment/118142197#Comment_118142197

Edgy

political analyst

https://www.boards.ie/discussion/comment/118144677#Comment_118144677

Whoever told Casey it was a good idea to do what he did was not a lawyer and so, as the Supreme Court ruled regarding Casey's appeal, Casey couldn't use officially-induced error against the prosecution's case. Is it really that difficult for a senior banker to say No?! If Anglo had been allowed to collapse then FitzPatrick, Drumm, McAteer, Casey and others would have simply walked away with their pensions without even being arrested.

political analyst

https://www.boards.ie/discussion/comment/118145118#Comment_118145118

Indeed, the idea of 'not speaking ill of the dead' is a load of crap. That was Paul Kimmage's point in the article he wrote about Davy Tweed in the Sunday Indo last weekend. However, it's not like anyone who worked at or was involved with Anglo committed a sexual offence or got people hooked on heroin, is it?!

The Fitzpatrick's did have the audacity though to try to get a share of the Bankruptcy assets of Sean Fitzpatrick even though the assets were in his name and he obviously made all the financial decisions as acknowledged by the wife herself in court and in the bankruptcy the debts were more than 3 times value of the assets at €147 million

The OA and IBRC said she had no legal, equitable, or beneficial interest in assets held in the sole name of her husband. They said she was not entitled to rely on that alleged interest to make her claim under family law.

The case was about to enter its fifth day when Jacqueline O’Brien, for the FitzPatrick side, said the court could make orders dismissing proceedings brought by Mrs FitzPatrick against the the OA and the other two sets of proceedings, by the OA and IBRC, could be struck out

https://www.irishtimes.com/business/financial-services/catriona-fitzpatrick-settles-high-court-actions-1.3480397

furiousox

https://www.boards.ie/discussion/comment/118146513#Comment_118146513

Your welcome.

jmayo

https://www.boards.ie/discussion/comment/118146473#Comment_118146473

Remember this ...

https://www.rte.ie/news/2010/0921/135848-fitzpatricks/

Or maybe look up this....

https://politics.ie/threads/sean-fitzpatrick-was-able-to-clear-his-familys-loans.138667/

From Indo on Jul9th 2010

FitzPatrick's wife and children borrowed money from Anglo for a series of property investments.

Fearing that the bank would pursue them for the millions they borrowed as the financial crisis deepened last year, FitzPatrick sought to protect them by offering to swap a greater share in the Nigerian field in return for a promise that his children and wife would not be pursued.

He also offered greater security over other assets, sources strongly emphasised.

In February 2009, the bank agreed to do this. Effectively, this meant that FitzPatrick's wife and children would only be liable for the worth of the properties -- not for the total amount borrowed on them.

Legal papers filed by Anglo state that on February 4, 2009 the bank "did limit its recourse as against the family" and in return Anglo's security over the Nigerian field was "enhanced".

He basically used his own assets to clear off their loans, even though he owed something like 140 million himself.

It was more of his usual shifty moving of money around.

Oh and Anglo had a 87million loan fund that Fitzpatrick and his family could tap into and it was still open to them after he left the bank as his son got a 500k loan for property in New York after the bail out.

gormdubhgorm

https://www.boards.ie/discussion/comment/118141499#Comment_118141499

Nice play on what Sean Fitzpatrick said similar when he was asked would he sorry to the government - @1:30.

https://youtu.be/T8D7H_rhw8o

I worked in Anglo years ago. Leaving everything else aside, he was a nice man. He would insist everyone called him Sean. From the cleaners to the next new hire, he'd chat to every new face he saw and introduce himself.

Hopefully his family aren't reading this thread.

Hotblack Desiato

"Leaving everything else aside" 🙄

Yeah sure if you ignore every criminal's offences, they're innocent!

Some of the braindead crap on this thead really takes the biscuit.

endacl

Prick's not dead enough.

Fattybojangles

https://www.boards.ie/discussion/comment/118146358#Comment_118146358

Some people just love the taste of boot they see a nice suit and just think decent man pure slavish mentality.

jmayo

https://www.boards.ie/discussion/comment/118148053#Comment_118148053

Ah yes the usual shyte "shure he didn't do anything illegal"

Except his hiding director loans from annual accounts is kinda breaking company law.

At least it usually is for most normal people.

Well supposedly the auditors never saw them, but any auditor worth their salt should, then again the same fiorm auditing was probably also touting for other business much like the rating agencies in US do the bidding of the major institutions.

The fact he did deal to take on the debts of his kids when he already had massive ones of his own is very questionable and underhanded.

Of course he could only do that with the complicity of the bank, the one which was owned and being supported by us the taxpayers at the time.

We will probably get the same type of shyte when old Quinn pops his clogs about how great he was.

And the same people won't bother thinking they have been paying more for every kind of insurance thanks to him.

Hotblack Desiato

"just asking questions" 🙄

Rothko

https://www.boards.ie/discussion/comment/118151189#Comment_118151189

Important enough for you to reply to

breezy1985

https://www.boards.ie/discussion/comment/118141889#Comment_118141889

Let's not forget Bertie and the people who voted for him

tdf7187

https://www.boards.ie/discussion/comment/118152213#Comment_118152213

As though that was the be all and end all.

He was acquitted in a number of trials (but you knew that, didn't you?) Anyone who thinks his actions at the helm of Anglo revealed before and during the trials were all kosher obviously lacks a moral compass.

tdf7187

https://www.boards.ie/discussion/comment/118155492#Comment_118155492

Google is your friend.

Hotblack Desiato

Or you could just read the damn thread.