IBEC: Are they out of control?

[Mariella Froster]

DSCH

SSIAs were not a form of 'saving'. It was a form of theft - money stolen from those who could least afford it, which they gave for investment in public infrastructure and services - not for a bunch of selfish twits to pay for nose jobs etc etc. Dress it up anyway you like - that's all it amounts to - a disgusting election bribe by Fianna Fail which paid off for them - all those dividends coming through in the middle of their election campaign - the trough hoggers got the message all right.

IBEC are now announcing, whaddya know, that a lot of folk are using the money to pay off their credit card debts! So, while these people were 'saving' other people's money - they were borrowing money at higher interest rates than they were getting on their SSIA. So now we get to pay their debts for them too.

If you really want to save, use a bank or a credit union - stop thieving from the rest of us.

http://www.irishexaminer.com/irishexami ... qqqx=1.asp

[Halibut]

..SSIAs were not a form of 'saving'. It was a form of theft...

You guys!