If you would like to submit a contribution to our Readers Blog section then follow this link. Be sure to include your full name, address and contact number otherwise your submission will not be considered for publication. We will contact you prior to publication.

Quinntessentially Irish solutions

There has been a lot of speculation in the media regarding Seán Quinn.

The directors of Anglo Irish Bank realised the markets knew they were over exposed and the share price was dropping.

They approached Mr Quinn and 10 other speculators offering them money to purchase Anglo shares.

Now surely this in itself is illegal, for a bank to lend money to prop up their own share price?

It is manipulating the market and our somnolent Financial Regulator and Central Bank chose to ignore the situation.

Shares continued to collapse so Anglo begged the finance minister of the day to bail them out. Lies were told regarding the solvency of the toxic bank and in panic they were bailed out by the State.

It must be said that Anglo Irish was not a normal bank, they did not give mortgages out to ordinary working people.

Instead they lent billions to developers and speculators, most of whom were supports of ‘ The Soldiers of Destiny’.

Basically, Anglo were just the financial wing of Fianna Fáil.

Now Anglo, aka the ‘Irish Bank Resolution Corporation’, pursue the Quinn family through the courts and succeeded in having one of them jailed.

But, the question remains: why are the other 10 investors not being pursued with the same venom?

How was Mr Quinn to know, at the time he was compelled to buy Anglo shares, that the money borrowed would end up owing to the Irish taxpayer?

Who are the real villains in this farce? When the Gardaí raided Anglo HQ and confiscated documents and computers before they could be destroyed, some senior members of Anglo refused to give the passwords over to the authorities to enable them to access the information.

Surely these individuals should have been jailed straight away for obstructing justice, yet they are still free men, no doubt skulking away in the Algarve or some other refuge on tax payers’ money.

Some have been arrested and charged, but I doubt if they will ever be jailed. If they are, they’ll probably be sent to some open prison holiday resort.

Mike Mahon

Templeogue

Dublin


Lifestyle

In a new daily feature, Arts editor Des O'Driscoll lists the best things on the box for the evening aheadTuesday's TV highlights: The past revisited

Don’t ask me which week it is at this stage — I wouldn’t be surprised to wake up one of these mornings and discover that it’s Christmas Day,Learner Dad: "I’m an Irish male born before 1990, so tears are not an option"

From DIY face masks to luxurious manicures, these will leave you feeling relaxed and rejuvenated.10 at-home beauty treatments to feel like you’re at a spa

Psychologist Dr Meg Arroll tells Liz Connor how to avoid feeling ‘trapped in’ while distancing yourself from others.How to avoid cabin fever while in self-isolation

More From The Irish Examiner