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Irish Joe Soap and Debt
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<blockquote data-quote="rebelicecreamman" data-source="post: 3008230" data-attributes="member: 17723"><p>Diar2me.</p><p> Like it or not, what you saw tonight on the late late is the tip of a massive iceberg that awaits irish society. If there are three prongs to our current problems, then are only two solutions on the table.</p><p></p><p>1. Government spending cuts can and will bring the current deficit under control. </p><p></p><p>2. NAMA is the proposed solution to the banking/toxic debt crisis. It may work.</p><p></p><p>3. There is no apparent solution yet for the huge number of people who bought houses at massive prices near the peak but have now lost their jobs and can no longer meet repayments or sell their properties.</p><p></p><p></p><p>Now like it or not this is where we are, and you can be sure that these people you sneer at know EXACTLY that their debt is their responsibility. While they are responsible for their own personal actions, they are entitled to feel aggrieved that the government and bankers, through incompetence, greed and averice, stoked the fire in an already overheating property market. Remember, these people aren't property speculators. The majority of these people own only the home they live in. They are entitled to expect the government to regulate the banking sector IN THE INTERESTS OF SOCIETY. To protect people from themselves, if you like. Plenty ordinary people, smart and not-so-smart, now find themselves in this terrible scenario.</p><p></p><p>So lose the sneer and learn some compassion.</p></blockquote><p></p>
[QUOTE="rebelicecreamman, post: 3008230, member: 17723"] Diar2me. Like it or not, what you saw tonight on the late late is the tip of a massive iceberg that awaits irish society. If there are three prongs to our current problems, then are only two solutions on the table. 1. Government spending cuts can and will bring the current deficit under control. 2. NAMA is the proposed solution to the banking/toxic debt crisis. It may work. 3. There is no apparent solution yet for the huge number of people who bought houses at massive prices near the peak but have now lost their jobs and can no longer meet repayments or sell their properties. Now like it or not this is where we are, and you can be sure that these people you sneer at know EXACTLY that their debt is their responsibility. While they are responsible for their own personal actions, they are entitled to feel aggrieved that the government and bankers, through incompetence, greed and averice, stoked the fire in an already overheating property market. Remember, these people aren't property speculators. The majority of these people own only the home they live in. They are entitled to expect the government to regulate the banking sector IN THE INTERESTS OF SOCIETY. To protect people from themselves, if you like. Plenty ordinary people, smart and not-so-smart, now find themselves in this terrible scenario. So lose the sneer and learn some compassion. [/QUOTE]
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