Records of Mr Dunne’s application to the bankruptcy court in Connecticut show the developer – who, during the boom, famously paid more than €500m for seven acres occupied by the former Jurys and Berkeley Court hotels – submitted his bankruptcy application online late last Friday night.
Reflecting on the fallout from the collapse of the property market, in which he had been a key player, he says: “The idea that the Irish taxpayer would be made liable for developers’ and bank debts was equally incomprehensible and beyond anyone’s worst nightmare.
“I regret any involvement I have had in making life difficult financially for any Irish resident.”
He gambled, he lost. Why that should make him the world’s most evil man escapes me, but he’s certainly lost his luster in Ireland, where I suppose he’s been a disappointment. They sure idolized him when he was on top, though.