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Comment #4920461 by Derek Hackett

Derek Hackett Mar 27th 2016, 9:20 AM #

Can someone explain to me when the Irish taxpayers through the government bailed out the banks what did the money go towards and as it was the people’s money in essence why is the government not bailing out these unfortunate home owners, seeing that the banks were responsible for the carnage in the first place

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Read the article where this comment appeared:

Vulture funds pick and peck and they're not finished yet

Vulture funds pick and peck and they're not finished yet

The vultures arrived in Ireland after the crisis when they realised there was a lot of property up for grabs at knock down prices, writes Michael Byrne.

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    Favourite Bren MC
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    Mar 27th 2016, 11:46 AM

    The government have this silly theory of “trickle down” economics which means that you give all the money to the super rich for investment and it somehow makes the less rich peoples lives better but all it results in is the money going into a black hole.

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    Favourite john doe
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    Mar 27th 2016, 12:37 PM

    Trickle down economics theory has been debunked years ago. Even one of its main proponents, Alan Greenspan former head of the us financial reserve, has come out publicly to say trickle down was a mistake!
    If our government are still operating on the basis of this economic strategy it explains why the rich continued to get richer all through the rescission. It is a policy that sucks wealth and quality of life from the poorest and middle classes, handing it to the rich.

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