NAMA and Friedman — 2 Comments

  1. Do you remember how they lectured those of us in the Mid-West who opposed Aer Lingus’s departure from Shannon?

    The government couldn’t interfere in the activities of a private company, we were told. Market forces should be allowed to decide.

  2. The humbug in this country is extraordinary – the current mantra is that the bond markets will not believe us unless we pay billions for fields and half-built properties. Last time I checked the bond markets they didn’t appear convinced: in the Eurozone, only Greece was paying more to borrow than Ireland, and we were paying half as much again to borrow as the Germans were. In the meantime, working people are told that they need to talk to lenders about their arrears. Humbug!

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