Second part of RTE documentary series Quinn Country charted collapse of former billionaire’s business empire
The second part of the television series, written and directed by documentary maker Trevor Birney of Fine Point films, features the story of the collapse of Mr Quinn’s business.
Mr Quinn said he made an “awful lot of good decisions” in his four-decade career but that the Anglo investment was “one bad one and one fatal one”. “That was wrong I shouldn’t have done that. There was no excuse for that. It was stupid to increase it at all. I accept that. I shouldn’t have bought more shares,” he said.Mr Quinn said that he was “ambitious” and “hungry” and liked to be successful and to win in business but acknowledged that in the pre-crash period he was “maybe taking too much risk” and was maybe “too close to the decision-making at all times”.
He ended up owing the bank almost €3 billion, which eventually resulted in the bank seizing control of his business empire in 2011.
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