Enda Kenny blames Celtic Tiger collapse on ‘mad borrowing’ by the public

Wake-up, Neo! A macro-imperial entity is playing monopoly with your aborted republic, which is currently governed by well-tutored ventriloquists dummies. Your still-born statelet was deliberately bankrupted by these macro-unionist megalomaniacs with not a little help from their your native collaborators. If you ingest the green pill, you will wake up, and will never be able to be put to sleep again, even if it will be a traumatic experience. If you swallow the orange pill, you and the majority will continue in a state of existential bondage, and be held to account for the reckless behaviours of a minority.

gobdahpaddy an bogside bunnies youse to are both nasty peices of work,talk about arogant peices a crap

If there was 'mad borrowing' then it follows that there was 'mad lending'. Outline to us, Enda, what your government has done in the year it has been in office to attend to the blatant fiddling on loan documentation by senior bank officials in Ireland and what you have done to exert regulatory control over banks and finance house. Of course the answer to these rather obvious questions is 'nothing'.

bogsidebunny, you are spot on.

In 2010, NYT Sun. mag. published a collection of studio photographs of the world's Leaders and both the POTUS and the PM of Ireland were included. Visiting the West of Ireland nd visiting with a Berna resident, I showed it to the assembled. We started to play an interesting observation game: using index cards, we divided their faces exactly down the middle to see how evenly matched their countenances are/were. Pres. Barack Obama was evenly matched; Sorry to say that PM Cowan's face was completely at odds with itself. Perhaps this is how we should vote from now on.

Yes, I agree, Enda. All those nasty wasty nurses and building site workers twisting the arms of those poor helpless bankers with their PhD and MBA educations, making them hand over millions to spend on rubbish. Go on bannkers, have another million euro bonus, did those naughty factory workers upset you, ahhhh! Don't worry we'll put the blame on them. It's not your fault, I mean all you did was pump out relentless advertising, junk mail, mind control sales techniques designed by top psychologists to separate the vulnerable from their hard-earned cash. Nothing to worry about really. Yes, it's all joe soap's fault, not the bankers who blew trillions on worthless sub-prime derivatives.

What a dog ignorant statement from a dog ignorant right wing fool.He sounds like the GOP blame main street not wall street.

Fine Gael can trace its lineage back to those who betrayed Ireland in 1922, and Kenny is right in that tradition. It is disgraceful that he lied about his own people in front of the world media. I know of several Dubliners who were not able to buy a home in their native city, and instead had to relocate to places like Mullingar Westmeath and Gorey Wexford. All they wanted to do was live in their native city, like generations before them had done. Yet the worthless Irish capitalist class, surely the most degenerate and corrupt in Europe, inflated Dublin prices beyond the reach of even people with pretty good jobs. And their Fianna fail buddies purchased thousands of houses in Dublin with a view to slumrenting them to foreign migrants. The result? Towns as far away as 60 miles from Dublin became the only purchasing option for countless Dubliners. You could draw a ring with radius say 50 miles with Dublin as center, encompassing towns such as Dundalk, Mullingar, Carlow. Dubliners took out huge loans to live in these places, because the Irish capitalist class left them with no option. The fact that the Dubliners I know who settled in these places are now quite happy owes more to how the quality of life in Dublinstan has deteriorated rather than any intrinsic merits of places they had to settle in.

Geeeze, Enda. WEhat's wrong wit' ú? Politics 101, don't tell the fn truth. Cmon, I thought ú were smarter than that.

Someone borrowing €150,00 for a house is very different to a developer borrowing €500 million and giving a personal guarantee! If the home buyer defaults, they lose their home. If the developer defaults, they live in luxury in London or Boston and nothing happens to them!

why did he not tell the truth and tell them that the former three heads of the Irish Government used the borrowings to fund their friends and crony's in business lavish lifestyles. Haughey wasted millions on his own personal island and Celtic Helicopters owned by his son. Bertie Ahearne got away with millions but was too sharp to leave a trail and still walks a free man. And bumbling fool Cowan was put in there by him as a patsy to cover up what had been done, but Cowan was a buffoon who was in too deep so he just kept the ball rolling until the money ran out. Why did Kenny not tell them that I wonder ?

Mad borrowing? Yes, mad borrowing by the Irish banks that this PM is now bailing out, as if their incompetence were simply unfortunate, to be forgiven. And mad lending by those same banks is necessary for mad lending by ordinary people to occur. I suppose this is what Angela Merkel ordered him to say. He is a puppet of Germany.

Its plain to see who that smug b------s Kenny represents now. Least anybody wasn't sure.

Personal debt and government debt are two separate things, but they are related. If you run up your credit card balances on the idea that you will pay them off over time at a teaser rate, then you lose your income because the government has failed, you can't pay off the balance, and the interest rate spikes because you make late payments.