They are bust for millions, but still manage to play golf and travel in limos. They are connected, and indebted.
First they had NAMA, courtesy of Fianna Fail, and now Fine Gael is planning to introduce legislation to enable the favoured few of the bankruptocracy to write off their millions of debt.
Individuals who owe millions of euro are being advised not to enter negotiations with banks until new bankruptcy legislation is enacted.
Personal insolvency experts are advising clients who owe vast sums of money that legislation due next year will allow them to write-off their debts.
The Department of Finance has received the findings from the expert group that has been looking at mortgage and personal debt. This report will feed into efforts to reform the country's insolvency and bankruptcy laws.
One of Ireland's leading insolvency experts told RTÉ News that people in negative equity could not expect debt forgiveness "in a month of Sundays".
Jim Stafford, however, said that new insolvency arrangements would allow people who ran up significant debts on things like development land to settle their debts.
Mr Stafford advises clients who owe between €1m and €700m. He said new bankruptcy laws would effectively represent 'debt-forgiveness' for many of them.