As much as I despise the way McCarthy treats our livelihoods and services as figures on ledgers to be balanced and rounded down, he is speaking the truth here and showing that this debt is not only unsustainable but immoral.

Keep talking Mr McCarthy!
And don’t let the bastards grind you down

It was but remember that Lenihan and Cown also made it extra toxic by taking one for the team but deciding to pay extortionate rates to do so. There are some queries by financial commentators in Europe that they did not negotiate the punishing interest rates and negative terms in return for the EU not investigating the going on’s in Anglo, as quiet a substantial no. of cabinet ministers and FF back benchers had excellent loan terms from that bank, never mind the other corruption therein.

Morgan Kelly has stated all this before!
Please come back Morgan, we need more of your thoughts!

The Cowen-Lenihan disastrous bank guarantee was given without consulting either other EU finance ministries or the ECB. That guarantee is at the root of the sovereign debt burden. An unnecessary self-inflicted wound. Because no minutes were kept of the fateful meeting that night, the taxpayer is in the dark about what influences were at play. Only in Ireland…

I am struggling enough paying my mortgage, without having to pay Seanie Fitzpatrick’s gamling debts as well

i think it’s beyond time all the bond holders were named. we deserve, and the rest of the world ought, to know just who it is that’s taking us for billions! i also think it wud give us a better footing for any negotiations going on! let’s just see how many have gmbh or srl after their name and see who it is the irish taxpayers are propping up and the ecb are forcing us to “save”!

If we are taking the brunt of it then its because of our spineless politicians. Kenny and Co made too many promises about standing up for us…and renaged on all of them.

He’s back! Mr Colm Mccarthy, professor of stating the fucking obvious!
We’re all saved!

Amazed at how gradually the people in the establishment get it. We ordinary folk knew it all the time, we should not be burdened by the debt of a speculators bank. Time for our national leaders to get it as well.

How many shares did the inner circle of Fianna Fail have in Anglo on the day the guarantee was agreed? A lot of the activity by stockbrokers on that day or week before the guarentee could be interesting reading as Quinn and all his friends as well as FF members were all caught. Cowen and Lenehin families must have been buying shares. A whistle blower in Davy stockbroker could save the country if he had the courage by revealing the sales figures as well as the purchases for a certain period before and after the guarantee.

There hasn’t been any accountability in the state the Berties and Bouchers and johnny ronans of this world still walk around and are still cleaning up from the carcass with no conscience Sean Fitzpatrick and Dunn riding high on the system and NAMA another quango of untouchables protecting and harbouring the vested interests it’s a joke there is no justice in this country at all just find a departure gate because the political class have no interest in the people that elected them and they don’t care a debate in the dail on mortgage debt they couldn’t be bothered to turn up

When all else fails, tell the truth!
Now the question: What is to be done about it? How many arms must be broken and backs cracked before things are set right again?
is it possible there will be a SF government by 2016?

“The cheapest bank bailout in history” is a major reason to vote against the compact treaty. Time to call the ECB bluff. We were told that we were “fortunate” to be in the Euro when Iceland hit the skids. Do we still think that now they have devalued the krona and are back in the financial markets ?

Good man Colm McCarthy for telling the truth, the only man willing to stand up to the eu. It is really time to leave the eu, and set up a new currency for the country. The EU has been good for us, but it is now bullying us, into paying this huge bank debt, which Colm McCarthy says is unsustainable, so why continue paying it, an burdening our descendants with it? We got good things out of the eu but now it is time for Ireland to break free from it after 40 years. I think that we should leave in 2013, when it will be 40 years, since we joined the eu. It is time for a change, because the eu is not treating us very well, now. We could organise our own currency now, and get in set up in preparation for our departure from the eu. I bet that nearly all the politicians in the dail had shares in Anglo, particularly the fine fail, and fine gael gael ones, and that is the reason that they are panicking now, and why they want to please the eu, and the reason also that they don’t want the people to vote no, well they can just FUCK OFF! Must be why they are using scare tactics to get us to pay the house tax too! We are like a country in chains, the chains being this big private bank debt, which is ridiculous.

Mike, good comment. Something has to change, we can protest about the household charge but the money will be raised elsewhere if we don’t pay it, therefore the protest is somewhat futile.
We can take to the streets, however only violent protest will effect change and no-one wants that to happen.
We can vote NO to the fiscal compact, there will be repercussions but I think that Europe need us more than we need them.
Look at Greece, the country is a total basket case and is likely to need financial assistance for 30 years! They are dragging down Europe but instead of kicking them out they have got more and more money. Why?
The wording of the fiscal compact was designed so the we didn’t need a referendum, why?
Because Europe need us in the family and will do what it takes to keep us in.

Eggers and Declan in case you were wondering how many more of them that had loans from anglo try the whole ruling establishment and lets not forget the judges and barristers accountants ,can people imagine the fall out in the political elite had that bank gone under, mass resignations across the board

We may have huge problems but they are money problems we don’t need murderers and phsycopaths running Ireland – I have some sympathy with the protestant people of northern Ireland when they see SF being rewarded for killing women and children with their bombs. Yes we are supposed to move on but I doubt if the Germans would elect the Hitler youth into power.