[QUOTE=“briantinnion, post: 938747, member: 6”]They were doing what they could to save the bank, this wasn’t a case of a white collar crime being committed for direct personal enrichment. A custodial sentence would have been grossly unfair.
?[/QUOTE]
But presumably they all personally owned a bunch of shares and options, whose value they also wanted to protect by propping up the share price?
CFD’s mate, no one knows who owns what.
Dipped in and out mate.
I think after taking all evidence into account it would it be fair to say the Anglo boys were patriots trying to save the country from what sadly proved to be an inevitable financial collapse.
They had been virtually wiped out at that stage I think.
Neary needs a fucking clipping, that’s all I’m getting out of this. Cunt is living a life of luxury and will do for the rest of his life. Imagine what would happen if “a person known to the Gardai” went down the road of saying I don’t remember over 80 times in court. This fucker is in it up to his neck.
He’s a nice man though.
[QUOTE=“briantinnion, post: 938747, member: 6”]I would have a strong degree of sympathy for the lads in Anglo. They were doing what they could to save the bank, this wasn’t a case of a white collar crime being committed for direct personal enrichment. A custodial sentence would have been grossly unfair.
When is the trial related to the directors loans going ahead?[/QUOTE]
Why the sympathy? They broke the law and will suffer little consequence. Seems to me they’ve done alright.
I think bt is referring to these particular charges not what anyone did or didn’t do to get the bank into the predicament in the first place. There are developers hugely bankrupt still living in Connemara mansions and still buying major properties who no one says a peep about.
I’m not talking about their previous actions either. I see no reason for sympathy. They broke the law, got convicted and will suffer no consequences. I imagine most people who are found guilty of crimes would consider them lucky.
See post #129 on this thread
Surely as a student of dostoyevsky you should be delighted that they never see the inside of a barbaric irish jail cell
[QUOTE=“Bandage, post: 938470, member: 9”]Many thanks, bt.
Never mind light touch regulation, this is a light touch judgement that should delight the entire business sector.
Now we have the desired environment with very strong regulation ensuring exorbitant fees for lawyers, accountants and other professional advisers.
But we can all rest assured that there are no implications for not abiding by the regulations.
A great day for entrepreneurs and those involved in commerce in Ireland.[/QUOTE]
A magnificent post.
Not sure what you’re getting at. Tinnion said he felt sorry for them. You would assume in this case that the law has been applied in its most extreme form. However, it has not. No custodial sentence(I understand entirely the Judge’s logic). It has been lenient. I therefore see no reason to pity or feel sorry for these boys. They’ve done alright out of it.
What did they do wrong?
Anything they supposedly did was under the advice of their solicitor.
A criminal act?
Wheres the moral culpability of an act which you were told was legal?
The smart guys had prepared for rainy day and are weathering the storm nicely. However a fair few got badly burned and will never recover.
The bigger you were the safer you were really.
[QUOTE=“count of monte cristo, post: 939022, member: 348”]What did they do wrong?
Anything they supposedly did was under the advice of their solicitor.
A criminal act?
Wheres the moral culpability of an act which you were told was legal?[/QUOTE]
Yeah - this. The legal advice is the clincher for me. What’s the point of legal advice if you can’t rely on it in a legal situation?
That and the whole telling the regulator what you’re doing and him encouraging/condoning it.
[QUOTE=“count of monte cristo, post: 939022, member: 348”]What did they do wrong?
Anything they supposedly did was under the advice of their solicitor.
A criminal act?
Wheres the moral culpability of an act which you were told was legal?[/QUOTE]
Broke the law. The fact that they were convicted shows this. They acted in a manner completely out of the ordinary(I believe that was central to the conviction) when they offered ridiculous terms of repayment in 25% liability. That’s what they did wrong.
Yes they got legal advice. Which was obviously wrong as what they were told to do was against the law.
Should they sue their legal advisors? I would.
Do they deserve to go to jail? Probably not for this.
Moral culpability??? Grow up you fucking idiot. If my accountant fucks up my taxes, it’s my responsibility, even though I pay him for his advice. Is it my fault? No. Do I have to bear responsibility? Yes.
Have I more questions? No.