canicemcavoy
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Was the Irish Nationwide extraordinary in this? I imagine that Anglo Irish Bank did many such loans as well. Did the banks perform any meantesting of people, or was the fact he was a councillor enough of a guarantee?
(For more details on his land deal gone wrong, see [broken link removed]. Is there a Gaelic equivalent of schadenfreude?)
Senator Francis "Francie" O'Brien has repeatedly refused to comment on reports that he owes large sums for several properties to Irish Nationwide after getting loans processed by its former chief executive Michael Fingleton.
He has been a member of the Seanad since 1989 and also served as a councillor on Monaghan County Council. A farmer by profession, his register of interests in the Seanad declares no other means of income except his Seanad salary of around €70,000 and his expenses -- which amounted to €207,089.48 between 2005-2008.
Was the Irish Nationwide extraordinary in this? I imagine that Anglo Irish Bank did many such loans as well. Did the banks perform any meantesting of people, or was the fact he was a councillor enough of a guarantee?
(For more details on his land deal gone wrong, see [broken link removed]. Is there a Gaelic equivalent of schadenfreude?)