LinkBack URL
About LinkBacksSeán Fitzpatrick has resigned due to a controversy over loans to directors. He had an 87 million loan from the bank.
More to follow.
Seán Fitzpatrick has resigned due to a controversy over loans to directors. He had an 87 million loan from the bank.
More to follow.
Drumm is very exposed now, that news 2 weeks back about loan re-classifications from commercial to development has caused a total collapse of market confidence
If Fitzpatrick can't repay those loans he is in very deep doo doo
cYpIndo
By far the biggest loser amongst Ireland's bank bosses has been Anglo Irish chairman and former chief executive Sean FitzPatrick. At the top of the market in early 2007 his 4.5 million Anglo shares were worth almost €80m. By yesterday these shares were worth just €1.6m.
Last edited by cyberianpan; 18th December 2008 at 09:13 PM. Reason: Added lien issue
"Yawn , am I alive yet ?"
He borrowed 87 million?
How did he explain it?
"Well, we're putting up new curtains..."
Every one sees what you appear to be, few really know what you are, and those few dare not oppose themselves to the opinion of the many, who have the majesty of the state to defend them.
- [SIZE=2]Niccolò Machiavelli[/SIZE]
dinner for two...Originally Posted by Bobert
Still, even as the investor consensus ravages the euro, it's worth remembering that the same herd instinct not long ago was pronouncing last rites for the dollar. Last year, as China's central bank chief called for a new global currency and Russian central bankers dumped greenbacks to buy euros, many saw the dollar's decline as inevitable. Now, the dollar is riding high, and the euro looks bedraggled.
"Views might change very quickly"
This bank is a shining example of the worst corporate excesses of the celtic tiger.
This bank needs to be wound up.
Cookie won't like that when he sees it.
Every one sees what you appear to be, few really know what you are, and those few dare not oppose themselves to the opinion of the many, who have the majesty of the state to defend them.
- [SIZE=2]Niccolò Machiavelli[/SIZE]
It can't be wound up because everyone is wound up in the windup to the woundup.
Has the Clown resigned from the Aer Lingus Board aswell or is it just his own personal piggy bank that he has quit?
A Zanu-FF'r actually bites the dust!
Sweet baby Jesus, the walls are beginning to crack.
Agreed. Put it and those who used it for corporate racketeering to the sword.
Fianna Fail - The Loss of Sovereignty Party.
My brain has just melted.
Reply With Quote