Economy- Page 13

No bailout for real victims of property crash

SARAH BOUGHT her one bedroom apartment in Swords for €300,000- her mortgage repayments are €1,450 a month. When her job relocated down the country, she had little choice but to move. With the apartment now valued at €170,000, she can’t sell it,
Dec 7, 2009

80th anniversary of the Wall Street Crash

Scant attention has been paid to the 80th anniversary of the October 1929 Wall Street Crash. Preoccupied with their own present devastating global crisis, the moneybags, the capitalists, can hardly repeat their theme of yesterday – “it can never happen again” –
Oct 27, 2009

NAMA – Multi-billion corporate welfare

ON 16 September Fianna Fail’s Brian Lenihan is set to tell the Dail the price he intends to pay for the banks’ toxic loans.  The figure is expected to be more than €50 billion.  It could be as high as €70 billion. This
Sep 9, 2009

An Bord Slash Nua

  An Bord Snip Nua, headed by the neo-liberal economist Colm McCarthy, has given the government a vast menu of potential cuts from which to choose for this December’s budget. The target is to cut €5.3 billion a year from public expenditure.
Aug 24, 2009

NAMA – the Biggest Rip Off of all

  THE GOVERNMENT has finally come out with more details about how its National Asset Management Agency (NAMA) is going to operate. The proposed NAMA will buy, with government bonds, some 10,000 loans (half of which are behind in their payments and
Aug 16, 2009