Sean Quinn, once Ireland’s richest man, loses everything

... a wee bit biased here as we all considered Sean a humble hero and we were hoping his rustic roots would be always there to guide his decisions but in times of temptation shall we call it and with the dreams of Connolly not something promoted by church or state as worthy of pursuit this tragedy was waiting in the wings. Alas, our waiting continues and it will see a peaceful and prosperous united country when we become less self centered and more community focused. And do not worry Sean continues to be a humble and frugal man and by estimates of those who know him as well as one can be expected to know someone he has enough to live comfortably if he lives for a thousand years.

everett11..Who says Ireland was struggling?? We were doing perfectly ok until a langerload of cheap money was thrown in on top of us. It was the transfer of all that borrowed money into private hands was the problem.Before the Celtic Tiger we had sustainable jobs.He created unsustainable jobs as did the Celtic Tiger..DON'T believe all those jobs are safe either..Minister for Finance Michael Noonan is an investor in German government bonds as well as share funds focused on China, India and the US. When you see a captain of a ship telling the crew all is well but at the same time investing in a life boat. You can be damned sure all is not well.Sean Quinn a friend!! Someone to be proud of!! They live on the planet Finance and their God is money.Wake up for fu*k sake.Can you not see we don't have financial leaders or government leaders who care about the people. But the Irish people have learned a thing or two over the decades as well.We know how to hide money as well like Seanie.

Sean Quinn is no more broke than is Bernie Madoff or any of the Capitalists who torn apart the world's economies. To make sure they didn't lose a dollar or a euro, they demanded handouts for the Governments, who used the TAX money of ordinary TAXPAYERS to pay them off. Who said SOCIALISM doesn't work!? It worked for the RICH!! This sort of thing is going to happen again. Because, the majority of the good people of the Western world obey the law, follow the rules, shop at big box stores, eat processed food, work for minimum wage, and work two or three jobs just to make ends meet. They are also willing to run to the doctor for a cure for whatever ails them, then take prescription drugs -that will slowly kill them. Watch television shows that are geared to feed them pap that convinces them they are happy. Enough already!!! I could go on for ever!! When ARE people going to come to their senses!?? These wealthy diabolic people, who live in gated communities think they live on a different planet. Well they don't!! These greedy rich people may think they have dominion over the earth, but Nature, I know, has dominion over everything!

I'm sure in spite of Sean Quinns loss,he will be consoled that the jobs he created will be saved. Don't confuse him with developers who kept borrowing and from the banks to buy properties. He make one massive mistake which cost him everyting.

I coubt very much that one will see Sean Quinn standing on O'Connell Bridge with a Tin Mug in his hand any time soon, Usually in aq case like this, there is ample money stashed somewhere or other.

Still a lot more to fall yet and they gathered in the Shelbourne Hotel to buy over priced but cheap homes today.

I wish i was as broke as Mr Quinn is

"Quinn Group chairman Pat O’Neill paid tribute to his former boss. “He deservedly earned the respect and admiration of people all over Ireland for the work done in starting and building up the Quinn Group businesses to the level they have reached today,” said O’Neill. - Yep in a Word - BANKRUPT!! and this is what they call success? ROFL!!

dont cry for 'em - I'd bet he's got some stuffed away for that rainy day. mo bronich fein.

AIB should go into receivership. It's living off the Irish taxpayer, it never built anything useful, and it fueled the Irish construction bubble and collapse. What weirdness.

Would'nt cry for Seanie. He has already taken sensible precautions in the event of a collapse of the business. For once wasn't he well advised!

1 Timothy 6:17-19 "Command those who are rich in this present world not to be arrogant nor to put their hope in wealth, which is so uncertain, but to put their hope in God, who richly provides us with everything for our enjoyment. Command them to do good, to be rich in good deeds, and to be generous and willing to share. In this way they will lay up treasure for themselves as a firm foundation for the coming age, so that they may take hold of the life that is truly life. You cant put your faith in money but only in Jesus Christ

I'm afraid that is not quite the whole picture. Mr Quinn made various transfers into his children's/families 'individual wealth portfolios' over the last couple of years so there are various acorns stashed away.