not TOP OF THE MORNING

[Mega]

http://www.independent.ie/opinion/an...t-1720223.html

1ST Ireland, then Blighty..........BRING IT ON!!!!!!
Mike

[metalman]

Re: not TOP OF THE MORNING

http://www.independent.ie/opinion/an...t-1720223.html

1ST Ireland, then Blighty..........BRING IT ON!!!!!!
Mike

They still look rich on paper -- but they can't pay their mortgage, their property portfolio belongs to the banks, their businesses have collapsed and they don't qualify for welfare payments as they were self-employed.



The Range Rover is unused, not taxed and uninsured. Losing their trophy home is "a given". Ann recalled how, in her state-of-the-art kitchen, she collapsed in tears as she pleaded with the social welfare officer for money. "I said: 'I know it looks posh but I would rather have nothing and be in your system for €200'," said Ann.

she ought to look on the bright side... least she doesn't have swine flu.

[cobben]

Re: not TOP OF THE MORNING

Why didn't you say "they should have subscribed to iTulip and they would have known to get out in time?" like you usually do?

Looks to me like they missed the window to get out by as little as a few months or so.

Timing is everything . . .

[bpwoods]

Re: not TOP OF THE MORNING

Well those of us who read iTulip 'saw' this catastrophe coming. I did 'warn' anyone I could, but I was dismissed as some sort of crank! Colleagues who retired at same time as self, have - quite literally - lost half of their pensions. I have my Eagles stashed in bank. Thank you iTulip.

Generally the situation is dire and deteriorating. The main daily 'debate' - if that is what you might call it - is about the Gov rescue of Zombie Banks! Insane madness. Any economist I come across I ask whether they know about FIRE! No - whats that?? Draw your own picture!

Brian P

[jtabeb]

Re: not TOP OF THE MORNING

she ought to look on the bright side... least she doesn't have swine flu.

New catch phrase: "If the economy doesn't get ya, the swine flu will!".

[LargoWinch]

Re: not TOP OF THE MORNING

They got drunk, gambled on RE rising and lost. Yeah, you looked so smuck with your Range Rover back in 2005 and the nice house. You felt like a Queen.

Now your situation is sad, but I also remember all the renters who refused to speculate on "marble floors" and who lived within their means.

Payback and Kraftdinner time for you.

[SBell]

Re: not TOP OF THE MORNING

Why didn't you say "they should have subscribed to iTulip and they would have known to get out in time?" like you usually do?

Looks to me like they missed the window to get out by as little as a few months or so.

Timing is everything . . .

They didn't need iTulip they had a highly qualified financial adviser ;)

"They bought it in 2007 on a commercial loan with punitive 11 per cent interest rates (the recommendation of their financial adviser)."

That was my favorite part.....

[goadam1]

Re: not TOP OF THE MORNING

she ought to look on the bright side... least she doesn't have swine flu.

lol. you still aren't getting my stash of tamiflu or painter's masks.