Bail out those greedy people

monkey24 · 25-09-2008 09:57PM #1

I was just watching prime time where Eddie Hobbs read out a tear jerking letter from a women who is having a really hard time because she has five residential properties and is now finding things hard. He then went on to say the government have to do something.

Seriously, is this what it has f*cking come to. I am sorry for that women but we are now being asked to bail out greedy f*cking people. This makes me sick. So people are free to rake in money in the free markets but when it goes wrong its other people who pick up the tab.

That women should pay for her mistakes, that is how free markets work. Bailing out banks to keep the world afloat is one thing, bailing out greedy people who speculated on property is quite another.

Everyday I read about this country it usually turns my stomach ...

/rant

galwayrush · 25-09-2008 10:02PM

Oh dear:p, She took a gamble and it didn't work out. Life can be tough, you win some, you loose some.

_blank_ · 25-09-2008 10:03PM

Yes, the greedy bastards who drove the house prices up the wall should now have to pay for their failure to realise that it wasn't a bottomless well of money making opportunity.

Eddie Hobbs is a horrible man, who's personality is made worse by that disgusting accent he has.

Sharpshooter · 25-09-2008 10:08PM

My heads just above water with the mortgage here, anyone know Eddie's PH number?
Oh , wait l only have 1 house.:(

Captain Darling · 25-09-2008 10:14PM

The other side of these peoples greed is that they were grabbing up as much property as they could, driving up the prices and leaving other people either without a pot to piss in or a gi-normous mortgage for a house that has decreased in value. Negative equity etc etc.

Sqaull20 · 25-09-2008 10:15PM

Any clip or audio?

Captain Darling · 25-09-2008 10:17PM

Sqaull20 wrote: »

Any clip or audio?

Only the sound of the property market going down the drain and fat cat builders going bust.

Lizzykins · 25-09-2008 10:18PM

That has to be a joke! We're meant to feel sorry for a greedy ****** who has not one. not two, but FIVE houses. I hope to God her tenants-probably poor unfortunate Poles or Russians-up sticks and go home. Then she'll have sleepless nights worrying about how to pay the multiple mortgages. I won't care. I'll be tucked up nice and warm in my one bed in my one house!

xOxSinéadxOx · 25-09-2008 10:20PM

I can't believe she had the cheek to ring up about it :eek:

DublinDilbert · 25-09-2008 10:22PM

Did I hear that she is paying €900/month on a car?

Is that how much a range rover costs? :eek:

I don't think eddie was feeling too sorry for her....

Ross_Mahon · 25-09-2008 10:28PM

I do not like Eddie Hobbs :mad:

galwayrush · 25-09-2008 10:28PM

xOxSinéadxOx wrote: »

I can't believe she had the cheek to ring up about it :eek:

:Dsilly bitch, some day after a serious reality shock she will realise how silly she was.

Johnny Bitte · 25-09-2008 10:33PM

Feck them, in all fairness whinging now that the pot of gold isnt at the end of the rainbow.

SV · 25-09-2008 10:34PM

What a tool.....

hope she loses it all now for having the nerve to write in about it.

ven0m · 25-09-2008 10:44PM

I have no sympathy for rich folk who took gambles at the expense of lesser well off people, who are usually the ones who get shat on.

This whole global finance crisis is down to overly greedy bastards living excessive lifestyles off the backs off some very disadvantaged people or people being exploited in other countries etc, & who deliberately went after poor people with the mindset of 'well, if they f**k up, I own their crap & am into them for the rest of their lives, so I won't lose'.

This is a come-uppance for them all. The only people who really are going to suffer with this whole financial crisis are all the greedy bastard bankers, builders & even legal experts who were all in bed together. I really hope the FBI probes in the U.S. result in jailtime & that Congress sticks to it's guns & tells the fat cats on wallstreet where to go, & pushes for extensive FBI probes into Goldman Sachs & all of them.

Please do not get me wrong. I believe in people being able to make money. I even believe in Capitalism. What I have a HUGE problem with is people who think 'never enough' when it comes to profiteering. There has to in reality come a point where people have to realise "ok, we made a shedload of cash, maybe time to get some goodwill going so we can go make some more" - no-one even attempts goodwill, despite it being a reportable & recordable asset on balance sheets, instead they just want to ensure in one fell swoop they bleed you for everything & as much as possible all at once.

These people are in fact clueless & the golden rule is to NEVER EVER bleed at once. You do it over a long period of time so it's less noticable & 'appear' as 'a fair company operating fairly' - I mean jesus, even drug dealers understand this concept.

dresden8 · 25-09-2008 11:32PM

The sad part is we are going to see the government rape the working poor to "kickstart" the property market and give some silly bitch some relief from her problems. After all, she and her like voted for these tossers.

themadchef · 25-09-2008 11:54PM

God help us all in the Budget. If they think I'm payin' to bail out bottom feeders like this...........let em rot.

El busto with them. Normal people might be able to find and actually afford houses then!

Snake Plisken · 26-09-2008 12:11AM

you can watch it here just click on the Eddie Hobbs clip http://www.rte.ie/news/primetime/

Its about 5 minutes 30 seconds in that he starts reading the email, think he was just using it as an example as the woman was kind of implying that she was talking about wanting to die.

Darragh29 · 26-09-2008 12:32AM

monkey24 wrote: »

I was just watching prime time where Eddie Hobbs read out a tear jerking letter from a women who is having a really hard time because she has five residential properties and is now finding things hard. He then went on to say the government have to do something.

Seriously, is this what it has f*cking come to. I am sorry for that women but we are now being asked to bail out greedy f*cking people. This makes me sick. So people are free to rake in money in the free markets but when it goes wrong its other people who pick up the tab.

That women should pay for her mistakes, that is how free markets work. Bailing out banks to keep the world afloat is one thing, bailing out greedy people who speculated on property is quite another.

Everyday I read about this country it usually turns my stomach ...

/rant

I couldn't agree more! Me and the GF had a disagreement about this very letter that Eddie Hobbs read out earlier on! She was all, "Oh my God that is terrible, her house and car will be taken back by the banks"... :eek::eek::eek:

My take on this is these are the very people who are responsible for us being in this mess we are now in. Where we live, when we bought about 4 years ago, was overpriced and basically unaffordable at the time and the reason we had to pay substantially more for the roof over our heads, the only property that we have, is because when we were queueing for this place overnight, the queue was full of selfish parasites like this woman who weren't just happy with one property, no they wanted to keep buying them up to keep up with the Jones's and then renting them out to poor suckers down in steerage who couldn't afford to buy, driving up the price for hard working people who just wanted a fu*king roof over their heads!

Now she has five properties and can't afford to pay the mortgages and she has a 900 Euro HP car loan that she can't service and the house of cards is falling down around her. I'm sorry but I don't feel any sympathy whatsoever.

There are many people in the country who could not get on the property ladder for years and now stand no chance at all, because folks who just wanted to buy to live, were being priced out of the market by investors.

We haven't seen the banks wobble here yet or the real extent of the property crash but by Jesus in a few months time when the real deal comes to town here, we won't know what hit us!

Darragh29 · 26-09-2008 12:38AM

xOxSinéadxOx wrote: »

I can't believe she had the cheek to ring up about it :eek:

It goes to show how far removed Eddie Hobbs is from reality, the consumer champion, for reading out this letter and thinking that anyone in the country would have an ounce of sympathy for her. I was expecting him to read out a letter from someone who just lost their job and can't feed her kids or something, not some yuppie with a 900 Euro a month car under her arse and 5 houses that she bought so she can make money of the backs of other people...

tech77 · 26-09-2008 12:43AM

monkey24 wrote: »

I was just watching prime time where Eddie Hobbs read out a tear jerking letter from a women who is having a really hard time because she has five residential properties and is now finding things hard. He then went on to say the government have to do something.

Seriously, is this what it has f*cking come to. I am sorry for that women but we are now being asked to bail out greedy f*cking people. This makes me sick. So people are free to rake in money in the free markets but when it goes wrong its other people who pick up the tab.

That women should pay for her mistakes, that is how free markets work. Bailing out banks to keep the world afloat is one thing, bailing out greedy people who speculated on property is quite another.

Everyday I read about this country it usually turns my stomach ...

/rant

Yeah pretty fcuking disgusting irresponsibility.
Heard someone on radio the other day use the term "socialism for the rich".
Presumably this is what they mean. :mad:

dsmythy · 26-09-2008 12:53AM

I've seen a few of these stories coming out.

A family who worry they can't send their sons to college. A family, that is, living in a 1.5 million euro home and the owners of three cars. Move to a cheaper house sell at least one of the cars and ship the young'uns off to get their education then ya snobby swines.

Darragh29 · 26-09-2008 01:03AM

I'm fu*kin delighted we are in a recession because all this nonsense that has set in over the last few years will thankfully get washed 2 fu*k out of our society.

phantom_lord · 26-09-2008 01:12AM

damn those evil greedy people trying to make money!

poor_people_lol imo

psycho8itch · 26-09-2008 01:23AM

€900 a month? LOL sickening.
Lets hope she's enjoyed the ride...cos someones about to land flat on their backside.

aidan24326 · 26-09-2008 01:27AM

phantom_lord wrote: »

damn those evil greedy people trying to make money!

Nobody's saying they didn't have the right to do it, but now that it's going pear-shaped don't come whinging to the rest of us that she can't afford her 900 per month car and her 5 houses. Greedy bitch.

You take a gamble + it doesn't work out = Tough sh1t. That's how the world works. As has been said it's speculators like her who drove the whole thing bananas in the first place.

The banks are also to blame here as they obviously lent her way more money than she could really afford. It's alright buying 5 houses if you actually have the cash lying around in the bank and just want to invest it, but she must be borrowed up to her eyeballs.

Dudess · 26-09-2008 01:30AM

Des wrote: »

Eddie Hobbs is a horrible man, who's personality is made worse by that disgusting accent he has.

I grudgingly concur...

phantom_lord wrote: »

damn those evil greedy people trying to make money!

poor_people_lol imo

You fail at trolling.

hawkmoon269 · 26-09-2008 01:38AM

ven0m wrote: »

I have no sympathy for rich folk who took gambles at the expense of lesser well off people, who are usually the ones who get shat on.

This whole global finance crisis is down to overly greedy bastards living excessive lifestyles off the backs off some very disadvantaged people or people being exploited in other countries etc, & who deliberately went after poor people with the mindset of 'well, if they f**k up, I own their crap & am into them for the rest of their lives, so I won't lose'.

This is a come-uppance for them all. The only people who really are going to suffer with this whole financial crisis are all the greedy bastard bankers, builders & even legal experts who were all in bed together. I really hope the FBI probes in the U.S. result in jailtime & that Congress sticks to it's guns & tells the fat cats on wallstreet where to go, & pushes for extensive FBI probes into Goldman Sachs & all of them.

Please do not get me wrong. I believe in people being able to make money. I even believe in Capitalism. What I have a HUGE problem with is people who think 'never enough' when it comes to profiteering. There has to in reality come a point where people have to realise "ok, we made a shedload of cash, maybe time to get some goodwill going so we can go make some more" - no-one even attempts goodwill, despite it being a reportable & recordable asset on balance sheets, instead they just want to ensure in one fell swoop they bleed you for everything & as much as possible all at once.

These people are in fact clueless & the golden rule is to NEVER EVER bleed at once. You do it over a long period of time so it's less noticable & 'appear' as 'a fair company operating fairly' - I mean jesus, even drug dealers understand this concept.

Excellent post.

Kintarō Hattori · 26-09-2008 01:40AM

Around this time last year my girlfriend and I looked at the possibility of buying a house as we didn't want to rent anymore and liked the idea of having our own place. The price of houses and apartments was absolutely scandelous and as a matter of principle we decided we weren't going to pay over the odds for either a one bedroom apartment in the city or a 2-3 bedroom house in the middle of nowhere.
So with her being polish we decided we'd buy a one bedroom apartment in her city of 120,000+ people. This we did and it cost us about €50k. We had saved about half and took a mortage for the rest. Loads of people and especially my boss told us that we were crazy, that it was a stupid investment and we were nuts. They said we were far better off buying a place in ireland and use the 'extra' equity from it to buy the place in poland. I told him I wasn't happy buying a place here as I felt prices were grossly inflated.

I'm happy as f*ck now that we didn't listen to anyone, especially my boss who I converse with several times a day. A week or two ago I pointed out to him that if I had of listened to him I'd be in negative equity by now. His reply was 'Ah well, sure you can never tell'. I took loads of flak from him and others over our decision and I get a reply like that!

How did people justify paying over the odds for very average apartments/houses. More importantly how on earth did they think it could ever continue?

phantom_lord · 26-09-2008 01:47AM

Kintarō Hattori wrote: »

How did people justify paying over the odds for very average apartments/houses. More importantly how on earth did they think it could ever continue?

it's not the first time, and it wont be the last.

http://en.wikipedia.org/wiki/Tulip_mania

You fail at trolling.

i wasn't trolling!

krpc · 26-09-2008 02:25AM

Des wrote: »

Yes, the greedy bastards who drove the house prices up the wall should now have to pay for their failure to realise that it wasn't a bottomless well of money making opportunity.

Eddie Hobbs is a horrible man, who's personality is made worse by that disgusting accent he has.

I couldn't agree more.

Bail out those greedy people

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