I’m fucking fed up. I’ve just been trying to explain to my Fiancé via email why people are not out waving pitchforks and dragging bankers and politicians by the feet behind a battered Hilux but I just cant think of a good reason.
She comes from Italy, and wants to know why she has to pay a levy because of political incompetence and the fact that the banks are managed by people who, were they managing banks anywhere else would be in jail by now. I cant answer her questions. I just don’t know how to explain it.
We, the rogered, have taken it upon ourselves to make our own lives harder in order to finance the likes of Brian Cowen in their mad schemes aimed at keeping their buddies from going under and possibly revealing the full scale of the goings on in Anglo Irish Bank. One major stakeholder invested half a billion quid into the bank back when it appeared at least to be worth something.
Did he rally a team together to generate the capital through shrewd investments?
Did he redirect dividends from any of his other ventures to raise the funds?
Did he fuck.
He borrowed the money from Anglo Irish Bank.
HE BORROWED THE MONEY FROM THE COMPANY, THEN USED THAT SAME MONEY TO BUY SHARES IN THE SAME COMPANY.
Now, I want you to do me a favour. Call it for science, like. I want you to find someone you know from another country. Say, France or England or somewhere like that. Maybe even Poland. Then, you sit them down and give them a brief run-through of whats been going on in a non essential organisation. The directors loans hidden from the auditors, the insanely liberal lending policies that led one borrower to claim he didn’t want the loan of eight million and when he told the bank that he had no capacity to repay they gave it to him anyway, the very fact that the bank could be wound up without any real consequence to anyone but the developers who were instrumental in destroying it in the first place. Remember, these developers are now looking at launching legal action against the banks because they claim the banks shouldn’t have authorised the loans that they applied for, which is absolutely fucking mental in itself.
Now explain to them why the government is nationalising this bank at the cost of €3 billion to the tax payer. Bear in mind, the bank is currently worth less than €200 million (my figures are probably skewed, but my journalism will stop being lazy the day I start getting paid for it).
Now explain to them why it seems sensible to hock all the money to Anglo Irish, and in doing so have no money left over to prop up AIB and BoI, the collapse of which will spell ruination for everyone. Meaning YOU. Your employer wont be able to pay your wages and even if they can, where are they going to pay them to? If you are self employed you can kiss goodbye to your business because you will be short of cash to meet new orders, relying on prompt payment from customers who cant find the money to pay you in order to keep your head above water.
Cant explain it? Me neither.
Absolute disaster is on the horizon unless fast action is taken to stop the Jobs for the Boys mentality of the people in government and on the banking boards.
I’m fed up of wankers trying to tell me I need to pay for it, that we must all shoulder the burden.
Cowen, Lenihan, Harney, Ahern, McCreevy, the lot of you can shoulder my hole for the mess you’ve made. The only thing I got from the “Celtic Tiger” was hope. No mortgage because by the time I wanted one it was clear to me that the whole thing was built on shite. No credit card because I am smart enough to realise that 17.5% APR is a fucking rip in any mans language. No personal loans because I realised years ago that if its not a car or a house if you have to borrow for it you cant fucking afford it. Hope was all I thought I needed.
You’ve taken it from us all and replaced it with a fist full of fuck ye all ye should have known better. Now you expect us to shoulder the burden of your myopia, your arrogance and your incompetence. Shoulder it yourselves. Fall on your swords and sign on for the €150 odd a week like the rest of the poor souls you have left spinning to the dole que in your wake.
They are fed up too. But sure you all know what your doing. Feathering your own nests at the expense of my future. Why should you care. You’ve grown fat on our demise and you have no intention of dieting, have you now?