Government must pull the plug on banking behemoths
Politics withers and dies a little more each time the common man looks at what should be a soluble issue. In 2008, the five minutes to midnight knock to the Taoiseach and finance minister’s door from failed bankers saw them bailed out.
The cost was horrendous. Lost in the dust was our precious sovereignty. And three future generations were front-loaded with a debt not of their creation.
Whilst each bank was fully bailed out and restocked with cash, their customers were left to twist in the wind. Jobs lost, homes lost, families sundered, suicide as a merciful release for the few.
Now Leo is sidelined by the PTSB sale of homes to vulture companies (Irish Independent,
February 21).
How and why? ‘Experts’ will tell us that “market reality” dictates.
I scratch my head and think back to November 2008 and if “market reality and equilibrium” were allowed to solve that crisis, all those banks would be gone and their regulators and senior managers destroyed.
Instead we the people – who were at gunpoint, metaphorically speaking – saved them.
Now Mr Varadkar, who ‘owns’ the banks on ‘behalf of the citizen’, is relegated by those behemoths.
A week is a long time in politics. Last Friday we had a mirage called 2040. Today we have a nightmare called Reality 2018.
Leo cannot do anything but attempt and spin out of this. Fianna Fáil belatedly can.
Pull the plug and bring down this charade. That’s what they were elected to do at the last election.
Banking snakes-and-ladders cannot be allowed to play games with the flesh, blood and future of Irish citizens. John Cuffe Dunboyne, Co Meath