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Not necessarily everyone involved in the financial system, just people like Sutherland who I do not trust to put national interest ahead of business interest. I'm not sure anyone's worse than the current incumbents, but Sutherland is cut from the same laissez faire cloth.
Hurling from the ditch?Quote:
Originally Posted by Macy
It's a very real problem.
I don't trust Sutherland, member of Bilderberg, director of RBS, director of Goldman Sachs, underpressure as chair of BP. I don't see him as a great white hope for Ireland, but if you see that as hurling from the ditch fair enough.Quote:
Originally Posted by OneRedArmy
The likes of Sutherland and his legion have been engaged in what was basically a prolonged criminal conspiracy against the people of Ireland and the peoples of Europe. When something like that collapses, you don't try to reconstruct it, you wipe the slate clean and punish the wrongdoers.
I am not going to defend any one but what exactly did they do wrong. Seems like a broad sweeping statment above. :confused:Quote:
Originally Posted by Sheridan
Interesting conspiracy theory Sheridan,care to elaborate?Is this like that Zeitgiest film on youtube about the fianancial system in America?Is it a similar conspiracy to that your referring to?Summarise if you dont want to go into detail.I do think theres something dodgy going on.
The crisis was let go this far down the crapper-they didnt have collective world meetings about it till last November.
Its the failure to name realistic alternatives.Quote:
Originally Posted by Macy
Populist conspiracy theory.Quote:
Originally Posted by Sheridan
Over 50% of new mortgages in Ireland the period 2003-2006 were investment loans.
Endemic greed caused what happened and the people of Ireland shoulder a fair bit of the blame themselves. The meedja have consistently played the populist card (what a surprise, tell the people what they want to hear, sell more papers/get more listeners) and tried to blame a small cabal of individuals.
Whilst these people should shoulder their responsibility and be held accountable, the amount of handwashing and retrospective amnesia in Ireland is unbelievable.
I agree with you there ORA and in addition to iI have one problem which is that they say things like we all lost the run of ourselves and we are all the blame etc. Well sorry I did not lose the run of myself and I know lots who did not. I did not take out a mortgage or a car loan and I do not have any debt of any kind. I did not decide to have kids I could not afford. In fact I did not do anything that I could not afford and all my outgoings are sustainable.
Well said.Quote:
Originally Posted by OneRedArmy
I would say it also suits the politicians (both government & opposition) to point the fingers at "the bankers". Exhibit A: Noel Dempsey FF Ard Fheis speech.
I can see how it suits the Government, but I don't see how it suits the opposition? All this happened on FF/PD/Green watch. The banks were a major part of the problem aided and abetted by Government - it just so happens that the main benificaries were the developers and builders who are major backers of FF.Quote:
Originally Posted by pete
I don't actually recall agreeing with the premise in the first place tbh.Quote:
Originally Posted by OneRedArmy
The property developers were the biggest gainers in absolute terms, but in comparative terms you bring a lot more people into the net.Quote:
Originally Posted by Macy
As an example, rank and file gardai are generally seen as being reresentative of "the working man". Yet they have some of the highest ownership rates of investment property, to the extent their union tried to push for a special tax break to get them out of the hole they had dug themselves!!
Cops having several houses is hardly a new thing, however, I'd say a lot of people that had high overtime are now being quite badly hit. Overtime is one of the first things to go (even in the guards). Who was it who allowed the banks to lend based on overtime? The general population isn't faultless (they keep voting FF FFS) - however, they were getting it from every angle that it was a gravy train that would never stop, never mind crash and burn. This was fed by the likes of Ahern and the rest of Government (remember the "suicide" comments about people questioning how sustainable the boom was?), and then facilitated by Government by allowing dubious lending practices by the banks.Quote:
Originally Posted by OneRedArmy
Macy I thinkyour argument that the general population are too stupid to think for themselvs but those coniving big business people are the bad guys is verysimplistic. I have no sympathy for stupid people. If we did reward or refund stupidity were would be as a race of people if you believe in Darwinism.
Def agree with this:)Quote:
Originally Posted by NeilMcD
Here too - no mortgage, no car, no huge loans (credit card apart!), and in a year or two will be ready to plunge into the property market with wife! Im happy that food, etc are going down in price, house prices are down, electricity and gas down, etc etc
Lucky? nah just didnt think buying a mortgage in Longford, etc for 300,000 is a good purchase!
(by the way travel from Sligo to Mullingar and see all the near empty housing estates!!!! Kind of scary really!)
see that silly cow on TV last night - a young teacher trying to "have a word" with Jacob saying she has only about 94 euros left after all her expenses!!!! Wellw hat is she doing with a 300,000 mortgage for a single woman!!!!!!!!!!!!!!! She should resign her job and give it to someone who can appreciate a 40,000 yearly salary
The greed in this country is a joke! When will we ever learn!!!:mad:
There is a noticable trend now. Any one who is able to organise themselves into a special interest group is pleading for special treatment.
The teachers & doctors are moaning this week saying their funding & wages should not reduced but no suggestion where the money will come from. Everyone wants some else to take the cuts.
Teachers are another group of people who feature highly in the investment property owning stakes.
Re the teachers conferences, whilst they have a valid point about special needs teaching (disgraceful situation), they haven't a leg to stand on concerning their remuneration. When you break it down on an hours worked basis the average teacher earns €100 per hour.
Reminds me of the joke that the collective noun for a group of teachers (herd of buffalo, pride of lions etc.) is a whine of teachers.
Women seem to have a fascination with property. The amount of my female friends who were mad to buy houses and were having a go at me for not buying etc. I preferred to read the economic books while they read and watched the property shows. I thought the show recently by George Lee How we blew the boom was a comedy show.
:eek: I want to work wherever those teachers work....Quote:
Originally Posted by OneRedArmy
Any source for this?Quote:
Originally Posted by OneRedArmy
Quote:
Originally Posted by micls
Fair point, just did a rough calculation inQuote:
Originally Posted by osarusan
my head (teachers in the family so fair idea of hours and pay) and it's well off anything bar 3rd level.
FWIW it was quoted on Newstalk this morning.