The results were appalling, but I don't think many were surprised that the Irish Banks needed another EXTRA €24 billion to keep them afloat! However, when reality strikes, it has the capacity to hit hard and this reality did hit Irish Citizen's hard!
Some of the money to foot this bill will come from Ireland's National Pension Reserve Fund! In my opinion, this is theft! My Grandparents along with all those in Ireland at the foundation of the Irish State paid into this fund, then my parents paid into this fund, then my siblings and I came along and we paid in and now my children who are in their early 20's are paying into this fund. My view is, that the Irish Government are now taking this money from the Irish people and are giving it to the banks, who recklessly borrowed from French & German banks during the "Infamous" & Deluded Celtic Tiger days.
Now the Irish Banks are broke and they can not on their own pay back the European banks, nor are they allowed to burn the invisible Bond Holders, who gambled, but won't loose, as the Irish Government decided, (under instruction from the EU/ECB & the IMF), Ah sure, we'll pay and we'll take more tax from Paddy & Bridget to fund the Banks and the Bond Holders Gambling's, we won't allow the elite loose a cent! And it'll be grand, says the Irish Government, Paddy & Bridget can also give up the money they put into the NPRF! Oh and we'll also cut wages, Social Welfare payments, the Health & Education budget to make sure no one in the Irish or European Banks and certainly not the Bond holders get burned! The Irish Citizen is paying for the banqueting days of the Irish & European Banks, Bond Holders, Property Developers and the Government who colluded with them!
The Irish politician decided in all it's wisdom instead, to burn their own Citizens! Doesn't that speak volumes about the Irish Politicians mind set? In my humble opinion, it is immoral & criminal. But then, who am I? I'm just an ordinary Joan soap!
From what I've read, (and this figure changes depending on what you read), the banks have already been given anything from €70 Billion to €100 Billion and now they need another €24 Billion! Here's a kicker, within that €24 Billion, there is €7 Billion that Brian Lenihan, (he was the previous Minister for Finance in the Fianna Fáil Government, before they were unceremoniously kicked out of Government after the last General Election), gave the €7 Billion to the Irish Banks, wait for it, THE DAY BEFORE THE GENERAL ELECTION! There is some story behind that I'd say and I wonder if we'll ever find out the factual truth about why it was given to the banks on that day!
What I don't understand, truly I don't, Why are the banks not allowed to go bust? If I had a business that went bust, I'd have to put the business into liquidation, wouldn't I? Yes I would. So why can't the Banks be liquidated?!? What makes them so special? Again I wonder, is it because they are hiding some dark secrets?!? In truth, I do not know the answers to the many questions I have and it isn't as if I haven't studied and read, I have, to the point where I am almost beaten from it all.
I see my own life, the only debt I ever had was my mortgage and I still have it and I am lucky because I don't have a big mortgage. However, due to a huge wage decrease over the last two and a bit years, I am now in debt. I see my friends who have huge mortgages, maintenance to pay along with utility & food bills struggling each month to see which bill they don't pay. It is generally the utility and food bills that are not paid or are drastically cut! Then you'd hear a Politician on TV or radio glibly say, "Sure we all partied and now we have to pay the piper", I find that so difficult to hear, because it is NOT true, I didn't party, nor did a lot of people I know! True, some people did party and are now suffering the consequences and that is a very tough place to be in. However, I have no sympathy for the Banks, Bond Holders, Property Developers Et al....................In my humble opinion, their bottom line was GREED! (One of the seven deadly sins by the way!)
My need is that the Banks, Bond Holders and Property Developers are burned! Not the Irish Citizen.
And as I sit here in my kitchen typing, I am so aware of the pain and suffering this is causing to me and to my fellow Irish man, woman and child. This inflicted suffering by our Governments past and present, is immoral and criminal. So I thought what can I do? I decided to do nothing would mean that I then collude with our Government, this I can not do! So, I decided to write to Enda Kenny who heads up the Fine Gael Party and who is currently Taoiseach, (Prime Minister). Here is a copy of the email I sent him just before I started this blog.
I want to request that if you read this, would you too please write to Enda in your own words, so that he knows you do not agree with giving the Banks another €24 Billion. If that is how you feel about about it.
Go raibh mile maith agut,
I am absolutely disillusioned and heart broken that you and your party along with the Labour party, intend to give the banks another €24 billion.
I want to let you know that I object to this action, as I believe, the banks need to be allowed to go into liquidation, like any other business
that fails. I see no logic or sane reason why the Irish Citizen pays for the mistakes of the previous Government, the banks, property developers, the
bond-holders and now it seems you too!
Stop this bloody madness now please. I do not want another cent of Irish tax payers money or the National Pension Reserve Fund go to the banks.
I am actually in despair for Ireland and her people. I can not understand why you are all behaving insanely.
Some day Enda you will answer for your actions, can you face your creator and say I took honest decent action for the people of Ireland?
Will you in old age be able to live with your conscience?
I don’t know your answers, only you know them.
Can you not see the suffering the families of Ireland are already enduring? Ordinary men, women & children are suffering. Look at those who voted Fine Gael
into Government, in the hope of honest change. The results of last Thursday stress test on the banks and more especially your decision to give them another
€24 billion is immoral and criminal in my opinion. You have not offered honest change Enda, you are going the same road as your predecessors Fianna Fáil.
I needed to write this to you to voice how I feel and think, I can not stand back and do nothing. If I do nothing, then I am colluding with your madness and
immoral actions. This I can not do because I am just one, who is struggling too. I see my friends juggling their merger finances to try and pay their bills, mine
are paid with my visa card! I have not lived the high life, I rarely go out........................ Why am I bothering to tell you, you and your party don’t give a damn!
Why can you not work with the likes of David McWilliams, Brian Lucey and Paul Sommerville? Be creative and think differently, allow your focus to be on
what is for your fellow Citizens, do not work against us, PLEASE. Giving the banks more money, IS working against most Irish men, women and children and
our future generations.
I personally don’t care what the EU / ECB / IMF think of us as a nation. I do care about each individual in my country who are suffering at the hand of the Irish
Email address for Enda is firstname.lastname@example.org
Please add a comment if you wish.