Thread: Irish Baning Crisis explained in basic language

Warning colorful Irish expressions
Adult Only!!!!]
He might have a point also.
[ame=http://www.youtube.com/watch?v=Pu3IT1kGavE]YouTube - Irish ******* Bankers.flv[/ame]

I thought he was rather restrained in his comments, and the interviewer was lucky he had his nose intact. He was right about greed, both from the banks , and some of the public. Today, I notice a trend some first home buyers seem to want a mansion as their first home, instead of buying what they can afford. The banks [and Credit unions] keep sending people applications for credit cards, I received one recently for $ 25,000 , the message is spend, spend, spend, gullible people rush in, get into deep dept, then deep trouble. I regard one of the greatest legacies given to me by my Parents, who lived through some of the depression is ,that if you dont have the money [ cash] to buy a luxury, dont buy it. Credit cards are the biggest millstone around the neck of working class people since the days of the company store, and I hope it doesn't take another depression to wake people up. [ I have never , had a credit card, do have a debit card, think thats what they're called, have raised 4 children, sent them to private schools[ not that that is what's important] have a comfortable house, not a mansion, in a working class suburb. The only luxury I have induldged in my life is my 1999 Disco 2, and I feel like a millionare!!!! Sorry about the rant, feel better now, all the best for the season everyone, .... MERRY XMAS.