Saturday, 11 October 2014

Going forward - or backwards... another bubble in the making

Oh dear.

I used to think that Bernard Manning was just an ignorant, Hitler-loving, racist, anti-Irish arsehole.   Now I think he might have been some kind of visionary.

Just a few short years after the property bubble bail-out, Paddy and Mary are  borrowing more than they should to such an extent that the Central Bank, those fine gobshites who oversaw the country's first bankruptcy, are now insisting on (from January) some earnings-to-borrowings ratio restrictions!

Do they really need to be told?  

That's the problem with the bail-out culture.   Lessons are not learned, and the failed become the future.  Again.


I can't be arsed with it any more.  Let's get a few more chords in... escapism is the only option, it seems.




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12 comments:

dirtiebertie said...

nice to see ya back,
(i have some investment properties in Manchester if you're interested)

The Gombeen Man said...

D-D-Dat's an offer I can't refuse!

dirtiebertie said...

P.S.
de boom times are goin to get even boomier!!!!!

YAHOOOOOOOOOOOOOOO€€€€€€€€€€€€€€€€€€€
f**k the begrudgers!!!!!!!!!!!!!!!!

Ella said...

ha ha had to laugh there at your opening gambit.. mind I still don't like Bernard Manning... but you do have to wonder about paddy and mary borrowing. I know a couple of people who did and sure it was everybody else's fault but theirs.... you know the bank lending,...blah blah... and here we go again... unbelievable. .

DC3 said...

It wouldn't be GM that the Irish are just thick fucking shitheads? Hahaha after all after swallowing all the shit that their betters have forced down their throat since 1916, they really do deserve everything they get.Even their patron st bonio said that such inspired aspirations as the 2.5 double irish is all the polished turd is worth.Jaysus GM speaking of the double irish they're going to be paying twice for their drop of the wet stuff next.Haahahhahaahh

The Gombeen Man said...

It's like Groundhog Day, with P&M in the leading roles, folks.

Funny... seem to remember doing a blog post about that years ago!

When's the next bail-out going to be, I wonder?

DC3 said...

Only a matter of time. The economy is too open. The product of generations of lazy and corrupt politics, and people that couldn't give a toss.

Voltboy said...

Great to see you back with the old cattle prod again GM. Those batteries would be well charged now and capable of doing massive damage...
ponyboy

Anonymous said...

Bleedin Muppet said...

Sure aren't we entitled to own our own House n' all dat? The Man in the Bank will sort you out with the Mortgage application, we'll put your bonus down as normal salary, it'll be grand.

Peeple dat talk down d'conomy should commit suicide.

The Gombeen Man said...

The credit is back folks! Good days are here again...

Spend! Spend! Spend!

Stand by for Bailout 2!!!

DC3 said...

Wait until interest rates go up. Then Paddy and Mary bus driver (the generic Irish hahaahahaha) will have a good excuse to be obnoxious...
Paddy and Mary are the original beggars on horse back.

The Gombeen Man said...

Awful atmosphere in the place too... boorishness and ignorance abounds... And from what I can see, they are back to buying on tick.