He described the legal battle with IBRC, the former Anglo Irish Bank, as a 'charade'.
BBC: Former billionaire Sean Quinn begins nine-week jail term
IBRC's board was dismissed on Wednesday and the accountants KPMG are now running the bank.
BBC: Anglo Irish Bank debt deal gets ECB clearance
In effect this would mean another loan sale competitor to NAMA and the IBRC special liquidator.
FORBES: Euro Exit Scenarios
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