Owen O'Callaghan on the burst bubble: It's the Dubs' fault

[He3]

ONE of the country’s largest developers blamed a handful of Dublin-based builders "who lost the run of themselves" for some of the current financial crisis.

Owen O’Callaghan, of O’Callaghan Properties, said this core group of about six developers was assisted in some cases by the banks.

He believes NAMA, the agency that will take over banks’ bad debts, will not work and bad press abroad is not helping the economy.

"Developer is a dirty word at the moment. There are a half a dozen developers in the country, I must admit mainly in the Dublin region, but not all in the Dublin region, who really lost the run of themselves, and got us in to all kinds of problems, I’m afraid assisted in some cases by banks," the Cork-based developer said.

Irish Examiner

He was speaking after a press event to boost his bid to get planning permission to build a private hospital on the Western Road in Cork, on a site that was to have been developed for apartments.

[121.5]

A load of bollocks

They are all jumped up bogmen who just 'had to' live in D4

Sean Dunne - Carlow
Bernard McNamara - Clare
Sean Mulryan - Roscommon
Paddy Kelly - Laois

There are plenty of gobshites in Cork too

Owen O'Callaghan would be serving this country better if he were forthcoming about his cash payments to FF

[FakeViking]

He was speaking after a press event to boost his bid to get planning permission to build a private hospital on the Western Road in Cork, on a site that was to have been developed for apartments.

So Harney's tax breaks have out-FF'd FF!

[Christine Murray]

is he not a co-location fan then? l would look at council zonings cos the whole thing appears to be symphonic at all levels of planning. (and er banking)

[smithy]

A load of bollocks

They are all jumped up bogmen who just 'had to' live in D4

Sean Dunne - Carlow
Bernard McNamara - Clare
Sean Mulryan - Roscommon
Paddy Kelly - Laois

There are plenty of gobshites in Cork too

Owen O'Callaghan would be serving this country better if he were forthcoming about his cash payments to FF

I am aware that Sean Dunne and Paddy Kelly are both in serious financial difficulty. But in the case of the other two I am aware of no evidence of substance that states they are in difficulty. Perhaps you could provide links/reference?

[He3]

is he not a co-location fan then? l would look at council zonings cos the whole thing appears to be symphonic at all levels of planning. (and er banking)

He bought the site for apartment blocks, got planning, and the bubble burst. He must reckon a private hospital might pay.

[FakeViking]

I am aware that Sean Dunne and Paddy Kelly are both in serious financial difficulty.

What's the difference between 'serious financial difficulty' and 'moving the money to offshore tax havens'?

[Christine Murray]

amazing ! lts zoned residential, well tough tits then to him, funny how thick investigative reportage is - do they even know where to look ?

[He3]

they know where the wine and finger food is

[Christine Murray]

incestuous, they really have to stop ligging and start digging.