Seánie Fitz broke: says he can't repay €70 million in loans

[Libero]

Indeed, but not amongst the posters on this site and the main protagonists, which was the point I made.

You're right: that's what you were suggesting. And I picked it up wrong.

But in what you were suggesting, you're still wrong: those who refer to the man as "Seanie" may be sneering at him, rather than claiming some sort of intimacy with him.

Do you think that people who referred to the last Taoiseach as "Bertie" were somehow trying to claim a personal connection with the man?

Even by your usual standards, you squeeze a lot of incorrect statements into that original post. Do you accept that the man was commonly called "Seanie" before the crisis broke, and so the use of that moniker can't be called a cliché of the crisis?

[MsAnneThrope]

Perhaps a concert could be arranged to help raise funds for Seáiní and the other new poor. Bob Geldof, where are you when we need you?

The Boomtown Rats need the Boomtown Rats!

[maxthedog]

In the maelstrom of cliches that is the Irish Banking Crisis, is the repeated reference to Sean Fitzpatrick as 'Seanie' Fitzpatrick the daddy of them all?

Its use appears to be exclusive to commentators whose understanding of the crisis is limited, and who seek to mask this fact by introducing colloquialisms that suggest some sort of intimacy between them and the main protagonists.

To try and protect the taxpayer from being raped. We need to personalise the NAMA swindle.

It would be very nice for ZanuFF, to put forward the spin . That the MOF is putting together a package which will rescue the Irish economy.

But by putting names on the faces involved. We have a true appraisel of the situation.

And that is corrupt FF are bailing out Seanie, Fingers and all other buddies of the Galway tent. And are going to stiff the Irsh worker to the tune of 60 Billion.

[dalywise]

Is Anglo-Irish doing any business whatsover at the moment - even car loans?

[teapot]

Too bad about this - how many of us (out here in the cold) figured this would be the scenario on the day that Anglo took a dive... D'you know how long this ba$tard has had to get himself ready for the day when this would finally 'emerge' and who helped him? Ireland - pls wipe that expression from your abuse of English - does this type of information actually crawl into the light of day from some FF cavern where it has been (wilfully) concealed? But of course, you'll likely re-elect the concealers, after all, where's the corruption down the line if you don't. Fitzpatrick is just a bit of the pus oozing from a large Irish boil. 'Emerging' as they say...

[bagel]

On the other hand if I had 60 million in assets and 80 million in debt at some point in my life, I'd make sure there were some liquid assets offshore that only I knew about.

Remember that interview with bertie when he smirked while he said "i'm sure seanie has a few quid stashed away alright", or something to that effect.
I hope bertie is interviewed by the authorities regarding the possible evidential value of that comment he made on national tv.
I'd love to see the smirk on his face then.

[rockofcashel]

A case could be made to repossess the family home if it can be proven that the family home was placed in joint names while knowingly participating in fraud. That would be hard to prove mind.

However, as for laws can be made retrospective, they can, and have. And a law made retrospective by 12 years was introduced in 1994, by none other than... Minister Bertie Ahern himself.

It benefited Ken Rohan... a well known.. wait for it.. property developer

How Rohan saved £1.5m in art tax - National News, Frontpage - Independent.ie

[LiquidPaddy]

Will there ever be jail time for those who wrecked the economy?

[asset test]

There is obviously some difficulty in attaching judgements to foreign assets. I don't know much about the legalities, maybe someone else does.

If it is true that foreign assets cannot be seized, then it looks like all the work Revenue have done to tax offshore funds/assets etc. does not extend to attachment of those funds for the payment of debt. Am I wrong? Presumably an Irish court order/judgement does not extend to foreign property. What if it is in the EU, is there any scope there?

I accept that if the collateral for the defaulting loans was Anglo shares, he may be ok, and can sip Krug and Bollinger in his pad in Marbella for the rest of his life. Nice.