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Monday 17 February 2014

Question: WHEN IS AN INVESTMENT IN AN IRISH BANK A BET?

Answer: WHEN MAINSTREAM MEDIA REFER TO SEAN QUINN'S INVESTMENT IN ANGLO.

Nobody had any difficulty with Sean Quinn's risk with every factory he built, every hotel he bought or built, every new idea that he came up with to create jobs, but when he was conned by a blue chip company in which he invested around seven hundred million euros in good faith and based on impressive accounts that we now know were fraudulent, certain sectors and individuals crucify the man when he is down by consistently talking about his "bet".

THESE PEOPLE SHOULD REFLECT ON THE FACT THAT IT WAS REVEALED IN THE CRIMINAL CASE IN DUBLIN THAT THE MAPLE 10 INVESTORS WERE TOLD THAT THE BANK WAS UNDER ATTACK BY HEDGE FUNDS BECAUSE AN UNNAMED INVESTOR (YES, INVESTOR) HAD AMASSED A 25% HOLDING IN THE BANK THROUGH CFD's.

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