Of course the share prices fell, they were invested in an organization that was lying to its investors. Share prices fell across the board, not just for those with banking shares. Airlines, newspapers, etc. investors were burned everywhere.
My argument is that the Government arranged a bail out for the banking sector and will need to do the same for the construction sector.
You havenāt advanced your argument with that statement.
Pensioners invested in Irish banks on a similar basis to how people thought they were getting solid homes, that these institutions were regulated properly.
You have made incorrect statements on the bank and tried to pretend as though the 40bn went into āthe bankersā pockets. It went to a variety of places including your deposits and mine. Investors were wiped out.
Do you think the investors in AIB shares should have got 100% redress because regulation was poor?
John B Keane lives on 
I donāt need to. Iām not arguing. I never said that the bankers got the money, I said the banking sector did.
And of course the shareholders shouldnāt have got 100% redress. They were advised that share prices may rise and fall before they invested.
No one told me that the blocks in my house are liable to crumble in my hand and fall down around me and my children before I bought it.
And there are caveats to buying a home as well, there is nothing in this life that is 100% risk free. You rely on the professional competence of people along with a degree of regulation, but thatās it.
Many of these people were pensioners who put their lump sum retirements into Irish banks, on the proviso that they were well regulated. They were wiped out.
You tried to make out that the ābank bailoutā went into bankers and investors hands, not all true. If you want to boil it down here, you are comparing a 40bn cost that impacted on every citizen in the state versus 3bn for a few thousand. All is this in the scenario of limited resources. I donāt have an issue with redress but 100% for a home of your spec is a max cost for society to take on.
The Society of Chartered Surveyors in Ireland give a rebuilding cost (incl demolitions, professional fees etc, but excluding site cost) of ā¬130/sq ft for the North West.
ā¬350k, the amount the government want to cap at, equates to a house of 2,692 sq ft.
The average price for a house in Donegal on Daft is less than ā¬170k.
I am really struggling to see how the Irish state is being held to ransom for more.
Would you ever get fucked.
Comparing buying a home for your family to investing in share prices. Everyone who invested in shares understood the risks.
You utter, utter, cunt of a man.
agreed, hard not to see some people seeing this as their golden goose & a chance to get one over the dubs
how many square metres is your house?
What you mean actually is pensioners putting their life savings and retirements in something they thought was well regulated. Those peopleās retirements were wrecked. Over 10k people committed suicide in Europe and North America due to the financial crisis, with many pensioners amongst that cohort.
Nice to know how you really see them. I have a lot of sympathy for your situation but you make it difficult when you put a hierarchy in place on people getting screwed over and calling others cunts.
I agree with a level of redress, I donāt think it is equitable or affordable for the State to pick up the tab on a home at a full spec. The amount of money being offered is already very significant.
That is a epic level of whataboutery to try to mask your own level of cuntishness.
Buying a house for you family is not the same as someone who has a house invested excess income in a share scheme that could easily backfire on them.
thus us what 400K buys you in Donegal
Island is a bit small imo.
You are talking about whataboutery when you are the one who brought up the banks ffs.
I simply stated that this assertion on the 40 odd billion was bollix, and that investors who relied on the State to regulate things were wiped out and that much of that money went to protect you and I.
In response to that, you fly off the handle and call me a cunt.
All of this btw when I said that redress should be provided.
I will put it down to you being under pressure.
And then young taxpayers in Dublin canāt get on the ladder. Hard to accept.
You can put it down to you being a cunt.
Comparing investing in a banks shares to buying a home of bricks and mortar.
I made it quite clear.
Pensioners and others put their life savings in what they thought were well regulated businesses.
They were wiped out.
What we have here is a redress scheme running up to ā¬350k for homes that people thought were well well built.
You tried to play a few moral angles here but have been clearly shown up to be all about you. Understandable, but donāt be going around calling others cunts because they point out the fallacy of your argument. To be honest, I find it quite offensive that you attempted to use the banks as your argument. I know lots of people who had their lives ruined by the collapse in Irish banks share prices. You attempted to use them to enhance your case when it suited, but then disparaged them when it came down to it.
I did absolutely no such thing. Youāre a lying cunt on top of everything else.
Those who invested in the banks shares were obviously sold a pup, a generation had pensions wiped out due to the loose touch regulation of the banking sector in the 00s, lessons have been learned and regulations have obviously tightened in that sector.
I wouldnāt compare this with the current MICA issue in Donegal, I would be completely in favour of 100% redress, yes it all of our money, but housing is a basic human right, citizens have to be protected by their government.
Sanctions should be placed against the protagonists but that will be extremely difficult to do given the corporate veil and the time that has passed since construction.
A few lads are ball hopping which can be entertaining, but then there are others who donāt seem to understand the seriousness of the MICA issue and almost feel that it is the fault of the homeowner??
Loose touch regulation of the banks was one of the main reasons behind the Wall Street Crash of 1929.
I wouldnāt be so sure that the lessons learned from the most recent crash will remain forever more.