His treatment of Anglo Irish Bank as a private source of funds is reminiscent of the behaviour of Michael Corleone in Godfather III in the take over of Immobiliare. Quinn has suborned a publically limited company for his own illegal purposes. His dealings are simply those of an organised criminal conspiracy. Like a feudal prince he treated the Bank’s assets as his own and not subject to all rule of law. He brazenly lobbied for less regulation in order to allow his plundering to continue without scrutiny.
Anglo Irish Bank should be let fail, without any Government subsidy, funding or support. They should call in their loans, especially to the Quinn Group. When the Quinn Group fails to repay those loans, the Government should then take over the group, worth considerably more than the now pathetic valuation of Anglo Irish Bank.
The assets of the Fianna Fail hack developers should be acquired when they too cannot repay their loans. At least in time, stupid ideas such as the Chicago Spire and the land the site occupies, just might acquire a value that can be realised.
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