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Forum Post: Ireland's Richest Man Declares Bankruptcy

Posted 12 years ago on Nov. 13, 2011, 8:41 a.m. EST by Scout (729)
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Sean Quinn, once rated Ireland's richest man with a fortune estimated around €4 billion (about $6 billion), declared bankruptcy yesterday. The Irish Independent reports Quinn told a Belfast court he acquired untenable debts after investing in the failing Anglo Irish Bank. In technical finance terms, Quinn performed what is commonly referred to as a "Reverse George Jefferson."

http://blogs.villagevoice.com/runninscared/2011/11/irelands_riches.php

7 Comments

7 Comments


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[-] 1 points by nucleus (3291) 12 years ago

1 down, (some unknown number) to go.

[-] 0 points by Scout (729) 12 years ago

yes indeed !!! ha ha ha

[-] 1 points by MJMorrow (419) 12 years ago

Then it looks like John Galt is shrugged, this time, huh? [giggle] Good, now maybe he is hungry and will take any job, just any job. Instead of bringing foreigners to sh-t all over Ireland, this former parasite can mow a lawn. If he mows enough lawns, he will make the billionns back, in no time. He should just shut up! Stop being a cry baby! Stop looking for the Governemnt to make it all better! Just take any job, no matter how demeaning, even if he has to give an Indian businessman a lap dance. He should make something of his life. It is that easy, is it not? This is what the Objectivism/ Satanism crowd, on this forum tells me, anyway...

[-] 1 points by opensociety4us (914) from Norwalk, CT 12 years ago

So is he no longer the richest man in Ireland?

[-] 1 points by infonomics (393) 12 years ago

Moving on down to the east slums, gonna get me a deluxe apartment down by the river.

  • Reverse George Jefferson
[-] 0 points by Scout (729) 12 years ago

he invested virtually is whole fortune with the banksters so I have absolutely zero sympathy with him