RBB is a clever guy, and DOB isn't god!I enjoyed listening to Richard Boyd Barrett on Today with Pat Kenny just before 12pm.
Richard made the point that the Government are borrowing money at 6.5% lending it to the Banks at 0% while the Banks in return hold on to the money and investing, not in small businesses, but in Government Bonds where they are guaranteed a profit by the taxpayer.
Dan O'Brien was flummoxed and said he didn't understand the question when Pat put this point to him. ... he muttered in posh tones meaningless nothings.
Then Richard went on to make the point that Ireland should have set up a State Bank to lend directly into productive activity not dead, failed, private institutions.
Again Dan O'Brien muttered in posh tones and couldn't counter the points of Richard Boyd Barret.
Richard, 3 cheers for you my Boy!
Like RBB you seem to have missed entirely the conseqences of the collapse of all Irish Banks. Fianna Fail and Green voters would not be the only ones to lose their money, everyone would.Here's a viable option - Let the banks sink! Feck it, even if some or all people ended up losing some of their money then so what - these same people are among the idiots who voted the crooks in!
Instead, we try and protect the guilty and prefer to ply the debts onto inncocent children.
People care about little else than money so maybe a tragedy like this would get them to wake up and think about how the coutry is run.
You have to admit though that five pages in no one has actually confirmed the government is lending to the banks at 0%. If RBB was a bank its terms and conditions would be open to very liberal interpretation, and only in RBBs favour.Not sure thats right. The bold Dan did`nt answer RBB central point.