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"If they were prudent and paid off their mortgage or rented, give them a small amount of shares in the bank -- so that they don't feel their neighbour is being rewarded for reckless borrowing (and they'll shut up about the moral hazard of helping the economy by helping their neighbour)."

Thanks Carol - most generous! Can I use those bank shares to pay my rent?

+ a billion...


no, wait 24 billion....



ok 70 billion....final offer.

Translation:

Meh. I already posted on the Bubble radio/TV thread that I was bored enough to write a mail to the show outlining the most obvious problem that I saw with the proposal, namely that it would cost a multiple of just giving the money to the banks.

It's a coverup I tells ya. The game is afoot.

anyone remember back 20-30 years ago ...in school....learning about Irish poetry
and how many Irish poets would use the girl's name "Aisling" to personify Ireland

Aisling is someone that borrowed stupidly and spent it frivolously
now owes more than she's worth,
and wants her debtors to reduce her debts.

Would people's feelings towards differ if they knew that Aisling was really Ireland?

Of course one place where this analogy breaks down is that Aisling has stopped borrowing!

Is there a Property Pin in China?

If there is then Jiang Xueqin probably posts there

Some quotes from one of the best articles I read in a long, long time.
(and I´ve read a few)

"Do we blame our leaders for giving us what we want, or do we blame ourselves for always succumbing to our worst instincts"

"Ironically, we’re in this mess not because governments cared too little, but because they cared too much about what their people wanted."

And how about if we're Chinese? Well, this is our moment in the sun. But our economy is in many ways just a lie—and we know it"

Full article here: http://goo.gl/dLV6C

Or alternatively

Charlie Haughey quoted Othello in his farewell speech. Maybe Cowen should have done the same...

I remember an Aisling: she was slow and ugly.

I think Carol is from Anneguish's stable of 'contributors rather than Aenguish's lot.
Cant be friggin arsed backtracking though posts - not even my own -but isn't this the same Carol that put her North inner-city pied-a-terre up for sale at a ludicrous price and bought a' just have to have second home' -before she sold her first -just as the market ground to a halt - all based on her view -and apparently that of the fuckwit who lent her the money -that there would always be a rising property market -and that Carol's day job as a Dublin 'historical walking tour organsier' was a secure number in a solidly based growth industry. If I'm wrong -no doubt someone will tell me.

Reinforces my view that that having one'e eyes scored with a hot poker -is less painful than reading shite like the Sindo

Hard to comprehend how Carol has a column at all, quite the reflection on irish newspaper quality. Utter BS

her twitter...
Carol Hunt
@carolmhunt Dublin
Journalist, permanent student, mother, feminist, book addict. All offers of work considered! Well. Nearly all.

oh my god what a complete ashling: http://www.facebook.com/group.php?gid=108317527124

Carol Hunt: Unless personal debt is renegotiated, we face collapse -> http://www.independent.ie/opinion/analy ... 24203.html

Still at it, everyone else to blame for her decisions, someone must pay her negative equity.