Re: David Hall of New Beginnings Resigns Due to "Pressures from Outside Interests"
Those who lent the money are insolvent therefore already "hurting" it is thanks to the generosity of the Irish people and to the detriment of public services that these money sucking institutes are liquid.
Originally Posted by Baron von Biffo
The State needs to let private banks go bust.
Do you believe we can afford the cost of rehousing occupants of distressed mortgage households ? Immediately these people are on the streets the cost to the State rises and once the bank reposses we still have to cover the cost of mortgage via recap for banks. As unpalatable as this all may be the mortgage crisis will have to be addressed and the cheapest option may well be the "writedown" one.
Thomas Jefferson : Banking Establishments are More Dangerous to our Liberties than Standing Armies.