Indeed, at least there is much more transparency in the equities market and you know where you stand. When we get the same transparency in the housing market then we can make a comparison.

Jack O'Connor: (14/07/07) " We need to get people back buying houses".

Give me strenght.

Jack O'Connor: (14/07/07) " We need to get people back buying houses".

Give me strenght.

Hook talked about Hoover and the great depression. The shantytowns that sprang up were everywhere were called "Hoovervilles" (25% of homes were foreclosed).

George is just trying to make he's on the right side of the debate. He doesn't want our shantytowns to be called 'Hookervilles'.

-Rd

"What we must do is manage this downturn, we will get through it and we will see the housing and property market come back. Any intervention by the Government, such as reducing the stamp duty or propping up an ailing property market using taxpayers' money, would be a disaster, and the bar room economists in the Sunday Independent...shouldn't be allowed get away with that kind of nonsense."

"The banks are effectively closed to lending currently. Taking this action, I believe, would reverse this trend and in turn inject confidence in the economy.

"It would have a very positive influence and could well create the necessary momentum to turn around the current economic situation.

"Many people currently in a position to buy property or to get their first step on the property ladder are sitting on the fence because they feel house prices and commercial property might fall further. The reality is that even if they approach the banks to get a mortgage, the banks simply do not have the money to lend to them.

"The National Treasury Management Agency is an independent body and this is an opportunity for it to show confidence in the Irish banking sector"

"This would be a reduction from 9 per cent to 4 per cent for one year and would act as a vital stimulus for the market. Stamp duty on UK commercial property is at a maximum of 4 per cent and many Irish investors have gone overseas as it is cheaper to make such investments. This would be done as a specific contained measure for a 12 month period, purely to stimulate growth in the economy,"

"The National Treasury Management Agency is an independent body and this is an opportunity for it to show confidence in the Irish banking sector"

"This would be a reduction from 9 per cent to 4 per cent for one year and would act as a vital stimulus for the market. Stamp duty on UK commercial property is at a maximum of 4 per cent and many Irish investors have gone overseas as it is cheaper to make such investments. This would be done as a specific contained measure for a 12 month period, purely to stimulate growth in the economy,"

Brendan Burgess on Six One today said that thinks we'll look back on current Irish bank stock prices & ask ourselves why we didn't 'fill our boots' when they were so low.

Words fail me !

Brendan Burgess on Six One today said that thinks we'll look back on current Irish bank stock prices & ask ourselves why we didn't 'fill our boots' when they were so low.

he must have balls like church bells to be trotting out that line.