Public vs Private? Real issue is Anglo

mathie

So now that the Government has added even more fuel to the public vs private sector works when are we going to realise that the billions (I'm not sure if it's more than the 5.5 billion stated here http://www.reuters.com/article/idUSTRE50E8AM20090116) that are being used to bail out Anglo Irish Bank is what we should be taking to the streets for?

Are our priorities in this country really that messed up?

anonymous_joe

mathie wrote: »

So now that the Government has added even more fuel to the public vs private sector works when are we going to realise that the billions (I'm not sure if it's more than the 5.5 billion stated here http://www.reuters.com/article/idUSTRE50E8AM20090116) that are being used to bail out Anglo Irish Bank is what we should be taking to the streets for?

Are our priorities in this country really that messed up?

Banks that go bang in the night have a tendency to kill economies. Lehman Brothers mar shampla. They're endeavouring to avoid making the same mistake as the US government.

jmayo

mathie wrote: »

So now that the Government has added even more fuel to the public vs private sector works when are we going to realise that the billions (I'm not sure if it's more than the 5.5 billion stated here http://www.reuters.com/article/idUSTRE50E8AM20090116) that are being used to bail out Anglo Irish Bank is what we should be taking to the streets for?

Are our priorities in this country really that messed up?

Well lets see ...

There are a long line of things that should have had the people on the streets and ff together with their fellow travellers in PDs and greens being tarred and feathered.

Think of the list...

• -health service falling to bits allowing people die becuase of misdiagnosis or facilities not being used in a hospital, yetthe service is totally overstaffed in some areas that aren't frontline
• -nursing homes setup as tax havens that allow old die due to mistreatment and no regulation by state
• -a government that bails out the church and affectively absolves it of it's responsiblity for 60 odd years of institutional child abuse
• - a governemtn that doesn't pressurize the bishops and indeed the vatican to remove with immediate affect the bishops who ALLOWED child abuse take place
• -a government that rewards it's ministers with lifestyles reminiscent of ancient Rome of Louis XV of France.
• -a 20 billion current deficit since the government ramped up public spending all based on transaction taxes for the construciton bubble inflated by the government in order to make their backers the developers/builders and the bankers very rich.
• -the country being run by governments that have included liars, chancers, theives, corrupt ministers and a leader that had wads of cash yet no bank account.
• -a banking sector, all of them, who chose to throw prudent lending out the window and most of them are now technically insolvent, all due to government controlled lax regulation.
• -billions of state funds being handed over to the insolvent banks yet they continue to promote their own insiders and not lend to viable business.
• -ex bankers, regulatory authority chiefs given handsome payoffs and no one going to jail for what would be seen as corrupt unlawful practices in other countries
• -Fás
• -DDDA
• -flooded homes due to fact prudent planning was ignored all in the goal of furthering interests of developers and the connected ones.

It is one long list and just shows us to be both inept and incompetent as a state and as an electorate.

bamboozle

jmayo wrote: »

Well lets see ...

There are a long line of things that should have had the people on the streets and ff together with their fellow travellers in PDs and greens being tarred and feathered.


Think of the list...

• -health service falling to bits allowing people die becuase of misdiagnosis or facilities not being used in a hospital, yetthe service is totally overstaffed in some areas that aren't frontline
• -nursing homes setup as tax havens that allow old die due to mistreatment and no regulation by state
• -a government that bails out the church and affectively absolves it of it's responsiblity for 60 odd years of institutional child abuse
• - a governemtn that doesn't pressurize the bishops and indeed the vatican to remove with immediate affect the bishops who ALLOWED child abuse take place
• -a government that rewards it's ministers with lifestyles reminiscent of ancient Rome of Louis XV of France.
• -a 20 billion current deficit since the government ramped up public spending all based on transaction taxes for the construciton bubble inflated by the government in order to make their backers the developers/builders and the bankers very rich.
• -the country being run by governments that have included liars, chancers, theives, corrupt ministers and a leader that had wads of cash yet no bank account.
• -a banking sector, all of them, who chose to throw prudent lending out the window and most of them are now technically insolvent, all due to government controlled lax regulation.
• -billions of state funds being handed over to the insolvent banks yet they continue to promote their own insiders and not lend to viable business.
• -ex bankers, regulatory authority chiefs given handsome payoffs and no one going to jail for what would be seen as corrupt unlawful practices in other countries
• -Fás
• -DDDA
• -flooded homes due to fact prudent planning was ignored all in the goal of furthering interests of developers and the connected ones.

It is one long list and just shows us to be both inept and incompetent as a state and as an electorate.

great post, in my mind the finger of blame should be pointed at Bertie Ahern and his FF lead governments especially successive Ministers of Finance, Financial Regulator & Central Bank

had our government not intruduced so many different tax incentives and breaks designed to inflate property prices and land values we would be in a much smaller mess. Had sucessive ministers of finance monitored the Central Bank and Financial Regulator banks would not have been giving out huge loans to one and all.

Had the financial Regulator & Central Bank regulated the banking sector in Ireland we would not have seen people get mortgages 6 and 7 times their salary, over 40 years, not to mention 110% mortgages.

and to think so much of the ineptness has been repaid with pay-offs, early retirements and lumps sums....its sickening