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So SF were right.. we should have burned the bondholders...


rockofcashel

Well-known member
Joined
Jan 23, 2005
Messages
7,956
Website
www.sinnfein.ie
Economic illiterates eh ?

Haven't a clue eh ?

The sky would have fallen down eh ?

And then eventually, years later, after huge, ongoing austerity... one of the main architects of the IMF bailout deal admits what SF have been saying all along..

Austerity wouldn't work.. and we should have burned the bondholders...

Too much austerity, says former IMF mission chief - RTÉ News

No doubt it won't be long before this thread is de-railed by the usual ballsology... but when you listen to the sleeveens who demanded that Irish people impoverish themselves and their children and their grandchildren... you begin to understand why were were loading up ships full of meat and grain during the famine..

T'would make you sick to be honest
 

Dublin 4

Well-known member
Joined
Feb 6, 2011
Messages
12,993
They backed the Bank Guarantee.

Why don't you rejoin them?
 

kbcav

Well-known member
Joined
Feb 11, 2011
Messages
1,248
Economic illiterates eh ?

Haven't a clue eh ?

The sky would have fallen down eh ?

And then eventually, years later, after huge, ongoing austerity... one of the main architects of the IMF bailout deal admits what SF have been saying all along..

Austerity wouldn't work.. and we should have burned the bondholders...

Too much austerity, says former IMF mission chief - RTÉ News

No doubt it won't be long before this thread is de-railed by the usual ballsology... but when you listen to the sleeveens who demanded that Irish people impoverish themselves and their children and their grandchildren... you begin to understand why were were loading up ships full of meat and grain during the famine..

T'would make you sick to be honest
Spot on.At this stage most people with half a brain know that the real economic illiterates are in ff fg and labour and you know what these idiots actually think that they can fix capitalism which is now as defunct as communism.Thats the really sad part.
 

Maothail Lad

Well-known member
Joined
Dec 16, 2010
Messages
700
They backed the Bank Guarantee.

Why don't you rejoin them?
As has been proven time and again on this site SF did not back the guarantee they backed the previous legislation that allowed for emergency legislation and a bank guarantee, when the actual guarantee was voted on they opposed it. This has been posted with links to the debate and names and votes on other threads on this site.
 

44percent

Well-known member
Joined
Jan 18, 2009
Messages
2,230
A huge PR victory for Sinn Fein. Another building block to credibility in the Republic as an alternative to FF, FF lite and the Labour / Welfare party.
 

rockofcashel

Well-known member
Joined
Jan 23, 2005
Messages
7,956
Website
www.sinnfein.ie
They backed the Bank Guarantee.

Why don't you rejoin them?
And that was a stupid move.. but once they had a chance to look at what backing the guarentee meant, they rejected the notion that all senior bondholders had to be repaid, and that the way forward was to impose harsh austerity measures.. do you not consider it something to be proud of that one can change their position when it becomes obvious that a particular course is wrong.. or do you think when you're wrong, you should just plough ahead anyway

And because I have no interest in being constricted by the policies of a political party.. I prefer to have the ability to think for myself
 

wishywashy

Well-known member
Joined
Sep 19, 2010
Messages
2,616
Spot on.At this stage most people with half a brain know that the real economic illiterates are in ff fg and labour and you know what these idiots actually think that they can fix capitalism which is now as defunct as communism.Thats the really sad part.

The little village,backwater primary school teachers in the personae of Kenny and Noonan knew best. Wonder how they'll skip around this one?
 

drummed

Well-known member
Joined
Oct 22, 2010
Messages
37,438
We never doubted they were experts in banking actually.
 

socmonster

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Joined
Jul 7, 2011
Messages
2,365
The little village,backwater primary school teachers in the personae of Kenny and Noonan knew best. Wonder how they'll skip around this one?
The usual....a bit of oul doublespeak. And there's enough yes men and lemmings around that will actually buy it.
 

sport02

Well-known member
Joined
Sep 25, 2010
Messages
19,656
Economic illiterates eh ?

Haven't a clue eh ?

The sky would have fallen down eh ?

And then eventually, years later, after huge, ongoing austerity... one of the main architects of the IMF bailout deal admits what SF have been saying all along..

Austerity wouldn't work.. and we should have burned the bondholders...

Too much austerity, says former IMF mission chief - RTÉ News

No doubt it won't be long before this thread is de-railed by the usual ballsology... but when you listen to the sleeveens who demanded that Irish people impoverish themselves and their children and their grandchildren... you begin to understand why were were loading up ships full of meat and grain during the famine..

T'would make you sick to be honest
You forgot one of Enda's favourites. 'Fantasy economics'
 

oggy

Well-known member
Joined
Oct 28, 2009
Messages
8,958
If ya want growth and a load of goodies austerity doesnt work, even I know that and I am a wellknown fool.

When ya have plenty of growth ya end up with inflation and the cure for that is austerity so that means austerity works.

If ya support SF ya have the perfect economic policies and everyone lives happy ever after.

FG and Labour told us they had the perfect policies just like SF and then they came to government

SF believed they had all the answers in NI and we know where that got them

Do we really want SF in government to prove how perfect they are ?
 

Didimus

Well-known member
Joined
May 9, 2007
Messages
6,285
Burning the bondholders was never a problem as long as those who were our only sources of funding did not object . They did..
Burning the bondholders as a unilateral action would have left us in worse place.
Austerity was not a policy choice - it was a conseqeunce of being broke and gettting money to keep us going from people who told us how we could and could not spend it.
 

truthisfree

Well-known member
Joined
Jul 16, 2009
Messages
6,254
Yes they were right about dumping the bondholders, not exactly amazing on the economic front but does not take an genius to figure out why Iceland is where it is right now....
 

Ren84

Well-known member
Joined
Jan 14, 2011
Messages
50,016
As has been proven time and again on this site SF did not back the guarantee they backed the previous legislation that allowed for emergency legislation and a bank guarantee, when the actual guarantee was voted on they opposed it. This has been posted with links to the debate and names and votes on other threads on this site.
The West Brit knows all this, yet it doesn't stop him or his fellow neo unionists from disingenuously raising it again, and again.
 
D

Deleted member 17573

Economic illiterates eh ?

Haven't a clue eh ?

The sky would have fallen down eh ?

And then eventually, years later, after huge, ongoing austerity... one of the main architects of the IMF bailout deal admits what SF have been saying all along..

Austerity wouldn't work.. and we should have burned the bondholders...

Too much austerity, says former IMF mission chief - RTÉ News

No doubt it won't be long before this thread is de-railed by the usual ballsology... but when you listen to the sleeveens who demanded that Irish people impoverish themselves and their children and their grandchildren... you begin to understand why were were loading up ships full of meat and grain during the famine..

T'would make you sick to be honest
Let's say the bondholders had been burned - and it's not clear whether you're referring to sovereign or bank bondholders - what would you or SF have done about the deficit?
 

Expose the lot of them

Well-known member
Joined
Jan 15, 2009
Messages
20,944
As has been proven time and again on this site SF did not back the guarantee they backed the previous legislation that allowed for emergency legislation and a bank guarantee, when the actual guarantee was voted on they opposed it. This has been posted with links to the debate and names and votes on other threads on this site.
You are wasting your time, there are certain posters who, confronted with facts, backed up with credible, verifiable links, will still revert to the voices in their heads for clarification.
 

SPN

Well-known member
Joined
Feb 2, 2004
Messages
16,890
How would burning the bondholders have changed anything?

The banks repay their bonds, not the taxpayer.


Likewise with the Guarantee. The State never had to pay a penny under the Irish Guarantee because the ECB took on that role after October 12th meeting in Paris.


Finally, we haven't had any Austerity. Government spending is higher today than it was at the height of the bubble.
 
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