Saturday, October 17, 2009

Extreme forbearance

A glance across the Irish sea really does illustrate the level of corporate welfare that the modern state is prepared to offer. Here's Karl writing about NAMA on the Irish Economy blog:
"It is with great reluctance, then, that I have to say that it’s now pretty hard to see this plan as anything other than a deliberate decision to show extreme forbearance to the property developers who got us into this mess in the first place."
Don't just read that bit though. (Via Mick)

And when you've finished, here's NAMA explained in golfing terms (MP3) by Padraig Harrington (from Ian Dempsey's breakfast show podcast).

On the same show, Padraig Harrington, Michael O'Leary and Declan Ganley explained the Lisbon Treaty a few weeks ago here (MP3). Ronan Keating knows how the Boyzone and the Eurozone compare.

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