The picture is of Sean Quinn. Until yesterday he was Irelands richest man with a supposed fortune of £4.4 billion.Today he is revealed to have lost £1.75 billion in gambling on "Contracts for Difference" (no, we don't know either) during the St Patricks Day Massacre of 2008.
Astonishingly though, he is also revealed to have debts of £3.5 billion on top of those losses. In addition the Quinn family owes £2.5 billion and his various companies owe a further £1.15 billion.
But before we dance a happy jig on his meatphorical grave, let us remember that all of this debt is attached to Anglo Irish Bank... to which we, through RBS are exposed to £26.5 billion pounds of toxic debt already. We are paying the interest on this debt as the price for his greed and lavish lifestyle!
