I would vote for a
political party that abandoned Anglos Debt.
The
Fianna Fail government took the decision to guarantee Anglos Debt without
knowing the extent of Anglos rogue trading, true size of the debt & total
inability to repay it. At the time the total bill was estimated to be 4.25
billion (we are willing to discuss this amount). We are now facing an
estimated 34 billion, 8 times the guarantee promise. The entities that
loaned to Anglo were not naive school children. They knowingly lent to
Anglo being fully aware of the risk involved with the property bubble in
Why are
we the people paying the debt of tycoons that employ specialist accountants to
ensure that they themselves pay only 5% tax?
I would vote for a political
party that told the lenders to Anglo that your investment was based on risk, and
with all risk your investment can rise as well as fall.