āwe demand walk in wardrobes for our 3000sqm mansionsā - eh, no
Iām asking the man who put up the graph a question. Thatās the last iāll respond to you, you smarmy prick
canāt even handle a simple question without becoming irate. The angriest man in the world strikes again
Ah heās not really, heās just drunk a lot and on other occasion ill equipped to take criticism.
Except again itās nonsense. Shareholders were burned badly in the banks. Banks represent more than just bonuses, they represent our savings and the functioning of the general economy as well. You are pitting your basic deposit holder (which runs into millions of people) against a few thousand homeowners. You even tried to pitch the unemployed vs. deposit holders. Iām not sure why, given that so much of our debt is to pay for fiscal deficits.
By working with the banks etc to help provide solutions for individual cases.
No I didnāt. I said the taxpayers paid off the corruption of the banking sector and that, after all other sources of funding are exhausted, something similar will be required on a much more smaller scale.
The other similarity between the two situations is that they were allowed to occur due to a lack of State regulation.
But again, youāre wrong. They paid for your bank deposits as well.
Many of the people who bought into this were pensioners (as well as broader investors), they quite clearly were not ābailed outā.
Your comparison is a silly one and undermines your case.
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