Wednesday, February 24, 2010

Why NAMA will ruin us.

David Mc Williams writes today about how NAMA will cripple the country with debt for generations (not years) to come.

Why do we need to “rescue” BOI and AIB…or Anglo for that matter.

Regular businesses are being let fail, even caused to fail by this Government’s policies every day.

We should let them fail and set up a new state bank, with the intention to sell it off at a later stage.

Let those that are involved in the other banks sink or swim in the market they have constructed.

Seems eminently sensible to me.

Then again…politicians don’t do sensible.

Posted via email from quirkeproperty's posterous

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