Vulture Funds weren’t really here pre crash. You stated;
Wrong. Pepper et al are pretty much new to the market. Giving out about them has merits, but once again you show yourself to be all over the place in your comprehension of the issues.
Whilst it is true that a great many people in Ireland did have to honour their debts while losing their jobs, it is also true that a great many ordinary people went into arrears and managed to stay in their homes.
A great many ordinary people also benefited from the state saving the banks.Bondholders did well, but don’t forget that many bondholders are simply ordinary pensions of workers who paid into them their whole lives. People with money in the banks weren’t running to get their cash out in September 2008 because the State guaranteed over and above what the EU would. On the flip side, a great many investors lost out on the banks shares tanking - from institutional investors to ordinary people.
As with everything, there’s nuances to everything. On Planet Mike everything is a conspiracy against the little guy.