Ahh FFS SkepticOne,
the Icelandic people are viking true and true, in other words they are like their modern Scandanavian cousins who don't accept shoddy inept sh**e like we do.
Things like NAMA, though inadvisable, don't immediately hit you in the pocket. However I agree with Amhran Nua that the next budget could be different story.
I don't have a problem with any of this. It is not for the ordinary citizen to know about debt for equity swaps or whether or not NAMA is a good idea; the government pays tens of millions for advice on these issues. It is when those policies fail that the ordinary citizen becomes aware and that is when they (quite rightly) punish the government.
The Icelanders didn't protest when their boom was underway even though the government was persuing policies that led to their calamity but rather when those policies demonstrably failed.
Ireland's next budget could be the equivalent of the Iceland event or it could be bank runs next year or something else. But to expect major protest before then is unrealistic in any country imo.