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In tears listening to the radio

Deusexmachina

Sean O Rourke had a report today from the repossession court in Tralee. I found it really upsetting. There was a very quietly spoken gentle woman in tears about how the bank is threatening her to take her home from her. She has two children and, as a result of a marriage separation, is struggling to cope. The banks don’t care and are scaring her to death.
Then there was a man who was trying to deal with a vulture fund who bought out his loan from Irish Permanent and who is also getting threatened and terrified by these mafioso bully boys.
We bailed out these banks with our income tax. We watched in horror as unsecured bond holder walked away with our money. We propped up their outrageous salaries.
Where are our politicians now? When are we going to stop being so damned passive in the country. We need to defend our citizens from this attack.
I will not forget that poor woman and that poor man I heard this morning. I will not forget at the next election.

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Renegade Mechanic

Deusexmachina wrote: »

You’re welcome, mate (big Eastenders fan?)

DOO DOO DOO DOO DOO DOODOODOODOO
DUN DUN DUN DUN DUN DUN DUUUUUUUUUUN

Deusexmachina

Jesus, I am amazed by the reaction.

kneemos

Deusexmachina wrote: »

The goal posts have been moved by these nasty vulture funds. Buying up loans and then squeezing the life out of people - hiking up interest rates and threatening eviction.
Did you learn your history in school?

The reason the banks have passed on loans to vulture funds is because it's so difficult to repossess properties. The very thing our concerned OP is crying over.

Fr_Dougal

amcalester wrote: »

Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

What means this?

Deusexmachina

Renegade Mechanic wrote: »

And we'll continue to do so. We're financial livestock. To be used, nothing else. Not sure why more people don't see that tbh

I actually, genuinely belly-laughed. Thanks mate

You’re welcome, mate (big Eastenders fan?)

Mickeroo

Was expecting the thread to be about turning on the radio and Come Sail Away by Styx is playing.

Snotty

I've heard all these repossession sob stories already, poor little old ladies and blue rinse grannies. Complete bollox, to end up with a repossession order in this country you've obviously buried your head in the sand for so long and now finally facing the results of your lack of engagement or you've borrowed completely over your means and have been riding the free rent train since.
I have zero sympathy of any of the 100+ plus stories where the truth has been layout in court, not the fluffy story that comes from certain media types.

domrush

Deusexmachina wrote: »

The goal posts have been moved by these nasty vulture funds. Buying up loans and then squeezing the life out of people - hiking up interest rates and threatening eviction.
Did you learn your history in school?

Any evidence of vulture funds raising interest rates any more so than the banks ?

The difference between vulture funds and the banks is the vulture funds aren't afraid to knock on the door of someone who hasn't made mortgage payments in 6 months or more and they're dead right

Deusexmachina

retalivity wrote: »

Irish permanent havent existed in years. Are you sure it wasmt a repeat you heard on the radio?

I meant Permanent TSB (as you well know). But, you know, thanks and all.

kneemos

You want people to get massive loans and pay back as they feel like it?

everlast75

Doesn't sound that funny OP, tbh??

Deusexmachina

amcalester wrote: »

Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

Brilliant. Well done.

Deusexmachina

verycool wrote: »

Didn't have to get the loans we couldn't pay back, did we?

The goal posts have been moved by these nasty vulture funds. Buying up loans and then squeezing the life out of people - hiking up interest rates and threatening eviction.
Did you learn your history in school?

amcalester

Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

retalivity

Irish permanent havent existed in years. Are you sure it wasmt a repeat you heard on the radio?

jimmycrackcorm

Renegade Mechanic wrote:

And we'll continue to do so. We're financial livestock. To be used, nothing else. Not sure why more people don't see that tbh

Ah well so. Let's all stop paying our mortgages. Free gaffs for all.

[Deleted User]

Deusexmachina wrote: »

Sean O Rourke had a report today from the repossession court in Tralee. I found it really upsetting. There was a very quietly spoken gentle woman in tears about how the bank is threatening her to take her home from her. She has two children and, as a result of a marriage separation, is struggling to cope. The banks don’t care and are scaring her to death.
Then there was a man who was trying to deal with a vulture fund who bought out his loan from Irish Permanent and who is also getting threatened and terrified by these mafioso bully boys.
We bailed out these banks with our income tax. We watched in horror as unsecured bond holder walked away with our money. We propped up their outrageous salaries.
Where are our politicians now? When are we going to stop being so damned passive in the country. We need to defend our citizens from this attack.
I will not forget that poor woman and that poor man I heard this morning. I will not forget at the next election.

Hard to overlook the sentiment, left Permanent TSB recently in lieu of excessive charges introduced during recession. Gratitude me eye.

Renegade Mechanic

Deusexmachina wrote: »

We bailed out these banks with our income tax. We watched in horror as unsecured bond holder walked away with our money. We propped up their outrageous salaries.

And we'll continue to do so. We're financial livestock. To be used, nothing else. Not sure why more people don't see that tbh

Deusexmachina wrote: »

I will not forget this at the next election

I actually, genuinely belly-laughed. Thanks mate

OldMrBrennan83

There's not a single politician will care because there's not a single politician if effects.

Allinall

Deusexmachina wrote: »

Sean O Rourke had a report today from the repossession court in Tralee. I found it really upsetting. There was a very quietly spoken gentle woman in tears about how the bank is threatening her to take her home from her. She has two children and, as a result of a marriage separation, is struggling to cope. The banks don’t care and are scaring her to death.
Then there was a man who was trying to deal with a vulture fund who bought out his loan from Irish Permanent and who is also getting threatened and terrified by these mafioso bully boys.
We bailed out these banks with our income tax. We watched in horror as unsecured bond holder walked away with our money. We propped up their outrageous salaries.
Where are our politicians now? When are we going to stop being so damned passive in the country. We need to defend our citizens from this attack.
I will not forget that poor woman and that poor man I heard this morning. I will not forget at the next election.

If we had more repossessions back in the day, we wouldn’t be in this mess now.

The Cush

Link - http://podcast.rasset.ie/podcasts/audio/2018/0924/20180924_rteradio1-seanorourke-repossessi_c21436481_21436489_232_/20180924_rteradio1-seanorourke-repossessi_c21436481_21436489_232_.mp3