Saturday, 11 October 2014

Going forward - or backwards... another bubble in the making

Oh dear.

I used to think that Bernard Manning was just an ignorant, Hitler-loving, racist, anti-Irish arsehole.   Now I think he might have been some kind of visionary.

Just a few short years after the property bubble bail-out, Paddy and Mary are  borrowing more than they should to such an extent that the Central Bank, those fine gobshites who oversaw the country's first bankruptcy, are now insisting on (from January) some earnings-to-borrowings ratio restrictions!

Do they really need to be told?  

That's the problem with the bail-out culture.   Lessons are not learned, and the failed become the future.  Again.


I can't be arsed with it any more.  Let's get a few more chords in... escapism is the only option, it seems.




Back to Gombeen Nation home page