BoI life loans discussion on RTE’s Liveline

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ATC110

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This discussion is infuriating.
These people who knowingly took out loans secured against their property who were fully aware of the terms, conditions and applicable interest rate now presenting themselves as victims.
Their offspring are also implying their parents weren’t in a fit state to have made the decision to take out these loans at the time, which smacks of a masquerade for their concern about diminished inheritance.
Does anyone take personal responsibility for anything anymore.
 
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Duke of Marmalade

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Brendan is doing very well. He dared criticise programs like Joe Duffy and Joe sanctimoniously thrashed him - a disgrace. 12k did not compound to 45k in 10 years as Brendan pointed out. Hall is an idiot.
 

odyssey06

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the boards.ie thread for this is hilarious.
Basically Brendan came on, with just the facts and showed up the nonsense of the other callers, no matter how many Joe threw at him.
Joe will never let him on again.
 

Delboy

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This discussion is infuriating.
These people who knowingly took out loans secured against their property who were fully aware of the terms, conditions and applicable interest rate now presenting themselves as victims.
Their offspring are also implying their parents weren’t in a fit state to have made the decision to take out these loans at the time, which smacks of a masquerade for their concern about diminished inheritance.
Does anyone take personal responsibility for anything anymore.
I'd like the offspring to say if they benefited from any of the loans before they go on with the 'woe is me' tales
 

ATC110

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I'd like the offspring to say if they benefited from any of the loans before they go on with the 'woe is me' tales
It would indeed but eaten bread...I expect it's more likely they don't want to lose any estate value to inherit
 

Conan

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Amazing. Loans expected to be repaid! Doesn’t everybody know that you never have to repay loans. Banks etc are charities
 

odyssey06

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Amazing. Loans expected to be repaid! Doesn’t everybody know that you never have to repay loans. Banks etc are charities

We bailed them out!
We deserve interest free loans now.

Wait... what?
How long do you think before we have to bail them out again?
 

Purple

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We bailed them out!
We deserve interest free loans now.

Wait... what?
How long do you think before we have to bail them out again?
"We" meaning the future generations who will have to repay the loans.
"Bailed out" meaning the money was borrowed to put back into our accounts so savers didn't lose everything and so that the State didn't collapse.
"Them" meaning the depositors and pensions funds who owned the Bonds.
 

Conan

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The biggest “bailed out” group was depositors. I get infuriated at certain politicians who rabbit on about “bailing out the Banks”. The very same politicians would be at the front of the protest march if depositors were not bailed out 10 years ago. Worth repeating that Bank shareholders were almost completely wiped out.
 
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