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About LinkBacksThanks your link proves my point, he predicted 50% fall in the link, it has fallen by 20%, but he ups his ante to 80% fall from peak (now that would be negative equity). Next.Originally Posted by muck_savage
Thanks your link proves my point, he predicted 50% fall in the link, it has fallen by 20%, but he ups his ante to 80% fall from peak (now that would be negative equity). Next.
Ahm, do you have any particular reason for believing that we have now experienced the full extent of the crash? As someone else said, you remind me of a guy who, having jumped from a tall building and who has 5 seconds of life left before hitting the ground, starts yelling after 2 seconds 'See! I told there wouldn't be a problem!'
Morkan Kelly is telling the truth. Fianna Failers LOATHE the truth. It makes them go purple in the face and foam at the mouth. Their only response to it is to rage at the truth-teller and call him vile names.
Kelly is a national hero for putting this truth in the public domain. I don't think Fianna Fail begin to realise the storm of anger that is coming their direction at long, long last. Those who realised what a bunch of thick crooks they are a long while ago have been waiting a long time for the truth to come out. Only the most stupid and most corrupt of them will brazen this theft out in public. Mark them well.
The million dollar question here is of course what one Mr B Ahern might have known, if anything, about Anglo Irish goings on? Wasn't he Finance Minister and Taoiseach at one time himself?
Please prove with links why morgan kelly is a hero and not merely an academic looking for his 15 minutes of fame by shouting louder than all the economic clairvoyants?
This is the smoking gun IMO. The opposition has to question why the government went against the advise of the department of finance and the Central Bank. What or who persuaded them to change their mind? Despite what the goverment claims this must be answered NOW!
For this one article alone he is a hero. But there are plenty of others. Google it yourself. What Cowen and Lenihan are doing here is bizarre - inexplicably stupid. I think there is much more to this than meets the eye. There has to be some reason why they are gong to such crazy extremes to keep their friends happy.
Gene Kerrigan is another truth teller that people ought to pay heed to:
"On the morning of Wednesday October 8, "subordinate debt" was mentioned in the Dail. This was just over a week after the Government gave its blanket guarantee to the banks, leaving us exposed to the extent of 440 billion euros, should anything go wrong.
Why, asked Labour leader Eamon Gilmore, was "subordinate debt" included in the bank guarantee?
Subordinate debt is money effectively loaned to the bank by extremely rich people. This is high-risk money, billions of euros. These loans are unlikely to be repaid in the event of a liquidation -- and therefore they attract very high interest rates.
And, just to make things more complicated, there appear to be two kinds of subordinate debt -- the dated kind and the undated kind.
In the Dail on October 8, Eamon Gilmore said that Germany, Denmark and the UK don't provide "a guarantee or cover for dated subordinated debt. Why was this form of debt included in the Irish scheme? Approximately how much of this debt exists?" "
Casino where the gamblers never lose - Gene Kerrigan - Independent.ie
OUR money is being used to service these idiotic loans at exorbitant interest rates - to filthy rich people - even in the middle of this atrocious national economic crisis. Christ almighty! Conniving little gougers indeed.
They probably want to get their large payouts and go off with our tax paying money to build more useless houses in another country or the moon. Hell they probably think its got a breathable atmosphere, "ahh sure that armstrong fella went der." We have plenty of arm strong builders mmmm cowan *licks* rubber lips mmmm.
No let's stay on topic and discuss Morgan Kelly. Can you provide me with Mk quotes and cso or relevant links proving him correct? (i cannot prove a negative). He's your hero after all.
But will they? FG and Labour appear utterly useless at moments like this. there have been countless open goals of this sort and they just turn their backs on them every time. It's as if they are in a thrall to Fianna Fail themselves.
Ah yes. Lets play the man not the ball. It doesn't matter. The fact is FF does not have any interest except its own survival at heart.
I'd agree and disagree with you.
Firstly, I dont think anyone has any idea what employment figures will be like. Its pure guess work and I'd not read too much into that. The crystal ball gazing in such things is fruitless.. you can predict consequences - but not the level of them.... (else he would be in private sector and multi millionaire!).
Secondly, that doesnt take away from the HARD analysis of what has happened to date and what is happening. The Gov should not just be afriad of changing their mind - its not a u-turn, it would be the right move based on the changing circumstances of the past 5 days.
Give me pragmatism over pride...
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