Painting by numbers: The cost and the pain of Anglo turbulence

The devastation wreaked on boom-to-bust Ireland by the collapse of Anglo was barely touched on in the landmark fraud trial.

Painting by numbers: The cost and the pain of Anglo turbulence

Banker-bashing would not be tolerated, nor would personal vendettas over the life-changing bank rescues which the country has yet to recover from.

But the case did provide a chance to paint by numbers the picture of life in the lender’s turbulent final months and the punt by business tycoon Seán Quinn, who now admits: “I was a fool.”

25 minutes — the length of time it took to read the charges to the three accused on the last day of January.

15 jurors picked to hear the trial — 12 of whom were selected by ballot to deliberate. A first for a criminal case here.

24 million documents and 800 witness statements available to the jury.

2.4 billion — the debt run up by Quinn in his punt on Anglo’s shares.

19 million in loans — €450m and €169m to the Maple Ten investors and the Quinn family, respectively.

8 payments by Anglo to the Quinn Group to cover the CfD losses — €150m in November 2007; €510m the next month; €330m the following March; €151m in May 2008; €547m the next month; and €286m in July 2008.

9 brokersM that sold the unregulated CfDs to Mr Quinn, including investment banks such as Bear Sterns and Lehman Brothers.

17 March, 2008 — The St Patrick’s Day Massacre, when bank shares in the US and Europe tanked, with Anglo’s value falling a fifth to end up down from a high of more than €17 in mid-2007 to €6.50.

30billion euro — cost paid by the State to try to rescue Anglo after it was nationalised in January 2009 — €8,095 for every man, woman and child in Ireland.

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