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Cowen seriously ill ?

darkhorse3

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This is totally untrue. The buccaneer bankers and builders were far more culpable than any private individual trying to buy a house. Yet
Fianna Fail forced them and the rest of us to bail them out. Still you blame only the private individuals.
No one forced anyone to borrow anything
If people borrowed too much it was entirely their own fault.
Any that's what pushed up property prices - too many greedy bastards over borrowing to try to make a killing. That's why builders built more and more of them. It the demand wasn't there they wouldn't have built them.
 

valamhic

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No one forced anyone to borrow anything
If people borrowed too much it was entirely their own fault.
Any that's what pushed up property prices - too many greedy bastards over borrowing to try to make a killing. That's why builders built more and more of them. It the demand wasn't there they wouldn't have built them.
Private individuals over borrowed and they are forced to pay it pack with terror.

Buccaneer builders and bankers over borrowed and I am forced to pay ti back with terror.

Explain why one set of over borrowers are treated differently to another please.
 

darkhorse3

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Private individuals over borrowed and they are forced to pay it pack with terror.

Buccaneer builders and bankers over borrowed and I am forced to pay ti back with terror.

Explain why one set of over borrowers are treated differently to another please.
Because builders operated as a limited company and so had the protection of limited liability
Private individuals did not
 
D

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The only people who are responsible for the bust are those who spent way beyond their means and took up mortgages and loans knowing that they could never afford to repay the loans but they had hopes of selling on the properties after a few months when prices rose even more and they would make a killing!

If those fools are now hanging themselves they only have themselves to blame!
My guess is that many are not in the situation as described. They are just finding it impossible to make ends meet in a very expensive and very high taxes country. What is the figure, is it about 10 billion a year now just on the interest.

Never in history has such low intellect fools like MagicArse caused such huge financial disaster.
God help the Irish people as the downturn which has now started globally begins to impact.
 

jmcc

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Because builders operated as a limited company and so had the protection of limited liability
Private individuals did not
Are you even in Ireland or do you have any experience of dealing with banksters in Ireland? Builders might have run limited companies but banksters often tried to get personal guarantees for loans to companies.
 

Karloff

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200 billion national debt.

That's what his and his predecessors legacy is. When you think of it it would be better if we had been invaded and run as a colony during those years, less damage. Golden Circle, on the edge of the Atlantic we were Atlas holding up the EU banking system on our shoulders.

It's not his fault fully though, it's our fault. We should have raised hell on the streets like the Icelandic people did.
 

darkhorse3

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Are you even in Ireland or do you have any experience of dealing with banksters in Ireland? Builders might have run limited companies but banksters often tried to get personal guarantees for loans to companies.
Thats not the way its supposed to work in limited liability companies
The loan is taken on by the business and not the individual shareholders
Otherwise it defeats the purpose of limited liability
 

Karloff

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MICHEÁL MARTIN has been presented to hospital staff at St. James’s Hospital by a number of worried members of the public after the Fianna Fáil appeared to be walking around in a confused state, with no recollection of much of the past 20 years.


“Ah, you just have to act when you see someone so worried, scared and lost looking,” said Mary Tynan, a passerby who said she witnessed the Cork TD talking about becoming the next Taoiseach, “he’s clearly suffering from severe amnesia, he wouldn’t be thinking about being Taoiseach surely if he remembered he was part of the previous Fianna Fáil governments”.

Martin had held several ministerial posts, including health, education, employment and foreign affairs during the Bertie Ahern years, but after making several statements about how this current government ‘can’t be trusted’, members of the public bundled him into a van and demanded he be treated for amnesia.


“Yes, we did receive a 54-ear-old Fianna Fáil leader in our A & E department this morning,” explained staff nurse Victoria Benson, “we asked him some questions to establish his basic grasp with memory, you know the usual stuff – ‘what day is it?’, ‘what’s your name?’, ‘where you part of that Fianna Fáil shower that fucked the country over?’ and he answered very few of them correctly”.
 

jmcc

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That what limited liability means
Everywhere
In theory. And that's what most people who have never dealt with Irish banks generally think. The reality is quite different and banksters will try to get personal guarantees.
 
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