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Thread: Chairman of Anglo Irish Bank Resigns

  1. #1
    Politics.ie Member
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    Default Chairman of Anglo Irish Bank Resigns

    Seán Fitzpatrick has resigned due to a controversy over loans to directors. He had an 87 million loan from the bank.

    More to follow.

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    Politics.ie Member cyberianpan's Avatar
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    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

    Indo
    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.
    cYp
    Last edited by cyberianpan; 18th December 2008 at 11:13 PM. Reason: Added lien issue
    "Yawn , am I alive yet ?"

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    Politics.ie Member Bobert's Avatar
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    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.

    - Niccolò Machiavelli

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    Politics.ie Member Ramon21's Avatar
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    Quote Originally Posted by Bobert View Post
    He borrowed 87 million?

    How did he explain it?

    "Well, we're putting up new curtains..."
    dinner for two...
    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"

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    Politics.ie Member ballot stuffer's Avatar
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    This bank is a shining example of the worst corporate excesses of the celtic tiger.

    This bank needs to be wound up.

  6. #6
    Politics.ie Member Bobert's Avatar
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    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.

    - Niccolò Machiavelli

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    It can't be wound up because everyone is wound up in the windup to the woundup.

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    Default Aer Lingus

    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.

  9. #9
    Politics.ie Member Pauli's Avatar
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    Quote Originally Posted by ballot stuffer View Post
    This bank is a shining example of the worst corporate excesses of the celtic tiger.

    This bank needs to be wound up.
    Agreed. Put it and those who used it for corporate racketeering to the sword.
    Fianna Fail - The Loss of Sovereignty Party.

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    Politics.ie Member ballot stuffer's Avatar
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    Quote Originally Posted by youngdan View Post
    It can't be wound up because everyone is wound up in the windup to the woundup.
    My brain has just melted.

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