Vital that educated people
who see wrong, speak out to protect the unwary!
Somehow, the
original link
to politics.ie no longer works; so as it happens, I had the piece
saved. So
here it is!
[QUOTE=jackryan;2690305]The
property developers got money thrown at them and took it everybody
wants them
to pay the price. Why not the same for those who took all the money
thrown at
them, as there were other people who didn't take this money and lived
within
their means. Anyone ever here of personal responsibility?[/QUOTE]
People, who did not
partake in the mortgage mania, deserve credit for their business sense.
But
this is not enough. In this era of secularism, there is too much
emphysis on
individual rights. But universal rights in a broader sense entails that
the
attainment of these rights are shared. We all identify with sharing the
National Cake; but this should also extend to speaking out against
injustice
which is being perpetrated on your neighbour. If a person thinks that
getting a
jumbo mortgage is wrong; then he has a duty to speak out against a
system that
condones drowning other unwary, less financial savvy people in such
mortgages.
Not enough people spoke out, until it was too late.
The problem now is
that the National Cake is now in the ownership of a greatly reduced
number of
people. It is said that there is over €150bn in savings in Irish Banks.
The
problem is that it is owned by a limited number of people. These people
only
need to spend a small proportion as subsistence. Therefore, the Nation
does not
gain from this savings hoard. It is not being circulated, because the
owners
only need to spend a small proportion for everyday living.
The guy that
shovels the coal keeps the steam train going. The youth of a country if
they
have spending money, speeds up the circulation of money. But the youth
of
Everybody in