If FF are the Republican Party then FG are clearly the Bailout Party. From the Party that brought you proposals to compensate Eircom shareholders, and taxi plate holders they are now proposing the mother of all bailouts - developers and residential property investors. Make no mistake - their proposal for a State backed home equity purchase fund is no more than a charter for the bailout of developers and investors using taxpayers money. You could not make this stuff up. Market interference with subsidies through tax breaks etc got us into this mess in the first place and FG's solution is even more subsidies through an indirect social wefare scheme for developers/investors!
http://www.irishtimes.com/newspaper/ire ... 77596.html