This is the bit that bugs me! I always hear it as a threat that if the teachers / nurses / whoever don't get paid more, they'd dig in their heels and start distributing drugs to the children / give you wrong medication / whatever. What happened to work ethics and codes of practice?
I am failing to feel sorry for anyone who'd come out and say that they willingly bought a grotty overpriced house when the market was at its peak, borrowed €50k for a flash car, went to Barbados on holiday and raked up a €15k credit card bill at Brown Thomas and now has no money left. Ahem, should have thought about that before, shouldn't you? Oh, and a good few of those insist that it's all government's fault. You may love them or hate them but the government has nothing to do with such unwise choices.
Take the hit and switch to a variable rate mortgage...add the charges for switching to the mortgage if needs be. Should be 300pm there straight away
We have a good public sector in this country (on balance). They are just overpaid. One idiot that feels agrieved that she has to live in the same world as the rest of us where adults are responsible for their own stupid decisions cannot be taken to represent every state employee.
God, our schools are full of whingey teachers, our hospitals are full of overpaid nurses, our government departments are full of lazy civil servants.... Is there any group of public servants out there that are doing a reasonable job and that meet the exacting standards of you lot??
yea the bloody banks with their "gun to the head" policy forcing 26 year old "educators" to take huge mortgages. There's no justice in this world.I just wish she had at least stuck to facts if she choose the wrong place for her personal complaint. Surely it's not possible that any bank/building society gave someone on a salary of 40,000 a mortgage of 300,000.
I just wish she had at least stuck to facts if she choose the wrong place for her personal complaint. Surely it's not possible that any bank/building society gave someone on a salary of 40,000 a mortgage of 300,000. I can only assume that this mortgage is shared with husband, partner, friend etc.
Next time she should stick to the real situation, it might be credible
It was possible for someone in a guaranteed job to borrow that amount. Obviously someone should know better but the system is not completely without blame either.
There was a lack of thought and implementation in the application of stress tests on the part of the banks and the regulator.
The person who took out the large mortgage did it of their own free will and is now suffering the consequences.
Banks lent too much money and their shareholders have suffered the consequences.
The taxpayer supported the lax regulatory regime through the democratic process and we are now suffering the consequences.
No one is completely without blame so finger pointing on the part of anyone who has been part of this whole mess (basically everyone!) is a bit hypocritical
I'm sorry but I disagree with you DerKaiser, this woman is an adult and she knew what she was doing.
We've enough regulation in place and we don't need anymore. By regulating, we introduce more complexity and expand the governments interference in the market place. No thank you very much.
The problem as I see it, is sheeple don't want to be responsible for themselves anymore.
German schools produce students with a higher level of english than Irish schools.
[that German schools produce students with a higher level of english than Irish schools.
I'm not absolving the people who get into mortgage trouble because they've borrowed too much of any of the blame for the situation they find themselves in. On this we definitely agree.
But the next stage of the problem is where they default and the bank shareholders take the hit. In this situtaion it is the bank management who have been imprudent with their shareholders money. The shareholders employed the management to look after their interests so they can't blame anyone else.
The final stage of the problem is when people default en masse and the taxpayer takes the hit. In this case the blame for the loss incurred by the taxpayer must be laid squarely at the door of the regulator for not protecting the taxpayers interests. The majority of taxpayers were quite happy with the levels of non enforcement of regulations so the toxic debts we will ultimately bear should be no surprise.
Everyone is in some way reponsible for the burden they are bearing at the moment. It is unfair, naive and misguided for any of us to point fingers and say we had no involvement in what has come to pass
Hi Derkaiser, quick question, in the UK if the shareholders vote on an issue the board of management can override it. According to Max keiser anyway. Does that hold true here?