Here's another perspicacious post from July 2006:
"so the first sign that prices wont increase at 100% pa and we immediately have a soft landing, or is it like watching a car crash in slow motion
where the hell are we when the property scam ends, huge budget deficits, overpaid civil servants, doctors, shite health service, poorly paid teachers and everyone with a mountain of debt to pay for the next 30 years for their 3 bed box
probably quoyted here before but the book "Manias panics and Crashes " is well worth a read, apart from oulining property bubbles it outlines the effect on the banking system, banks can actually go bankrupt!! unless the state, ie the taxpayer, bails them out . This happened back in the 80s with AIB so Paddy taxpayer bails out the bank so it rip u off as before
i am just wondering will some of the banks go under when the whole charade ends, if u have money on deposit u might bear that in mind
and to think idiots call mccreevy the greatest finance minister we ever had, a buffoon would be closer to the mark"
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