Your line is weak but your point is strong: Liveline from 10th January

Spreadsheet? hahahahahahaha

As you could probably tell Joe takes any criticism personally and lost the head straight away. He was probably goooooogling you on de Oipad looking for dirt so to speak.

BrendanBurgess wrote: »

Hi withless

I thought it important not just to challenge the callers, but also to criticise the way in which he did not challenge the callers.

He responded to my criticism which is fair enough.

I was a bit surprised at all the ad breaks, but I thought it might be to do with the fact that it was such a good debate there were lots of listeners and they could place more ads in it.

I cant remeber the names but some of the money was spent on:
Weddings
Holidays
Trip to Australia
Put in an envelope and handed to a son
Some home improvements

Thank you for your service Brendan, its not easy to stick to the facts and stay cool when those around you are:

Lying( one caller said his mother took the loan and never thought about it again and in the same sentence said she looked at the statement every month)

Just making up figures ( I dont think Joe actually understands compound interest so by the end of the show the repayment amount somehow turned into 'triple' the capital amount)

Refusing to listen ( the punts vs euro point)

Not understanding what a bank is (feeling aggrieved that a bank isnt some sort of communal pool of money that is loaned out on the criteria of human decency)

And an openly hostile and biased host.

When Joe spits the dummy and says what you are saying is 'guff' you know you are on the right track!


Edit:
Just to add actualy using the "Its a disgrace, Joe" cliche on liveline was inspired.

SEPT 23 1989 wrote: »

some bathroom for 45k

This was for a disabled bathroom. You can get a grant for conversing one for about €5,000 or €6,000. The work involved costs about that. This would typically involve swapping a bath over for a 'wet room' shower with non slip tiles, a disabled toilet, sink, new mixer tap and an electric wall heater along with retiling the place in good quality, but not extravagant tiles.

€45 would be for a decent size 30 sqm extension on a ground floor which significantly increases costs along with increasing the value of the house. Sounds like they built the extension and put a granny flat in it, or similar.

shearforce wrote: »

in fairness these loans are almost loan shark levels of interest, just without the threat of losing your knees

The interest levels were notoriuos, but as has been pointed out, it was all laid out in black and white. I've no idea how anybody decided it was a good idea.

Deleted User wrote: »

Did Joe take out one of these loans to pay de printing fees for one of his bukes mewonders? He did say he "lost de pension twice". Some unwise investment.

bigroad wrote: »

Duffy hasn't a clue about finance.

Many in RTE had the same financial advisor, it's why a number of them were hit particularly badly in 2008/09/10. A few of them had invested in a property development in a major UK city that went tits up, this hit them and they also had a lot of money in the 'blue chips' like BoI, AIB and Anglo.

It's why many of them are bitter about the crash, but the same voices were quick to scold anyone pre-08 who compared us to the UK in the late 80's with cheap credit and house prices rampaging.

BrendanBurgess wrote: »

Thanks NIMAN

The researcher who called me back and invited me to go on had no idea who I was. She assumed I was an ordinary punter. She actually thought that I had a Life Loan.

You might be right that you won't get on. But it costs nothing to email the programme, state your view, and ask them to call you back.

There were lots of points I would like to have made. The one which came up most in this thread was "What was the money used for?". It would have been great if someone had listened to the programme, made a note of the names and what they said.

RTE gets accused of bias, but they do struggle to get people to go on air to say, I got this product from a service provider and it was very good. They have no problem in getting the people who have complaints - whether they are genuine or not.

Brendan

I would say that researcher got the p45 .

I thought it was strange you were let on and it was down to the researchers Bo Bo so to speak.
Duffy must have been fuming.

Did you smash it wrote: »

So most of those callers I heard were repaying triple the capital amount. This was all lies?

He started using triple as an approximation but one caller in particular was stating a figure that was just not possible based on what he stated.

Also great name. Redknapp definitely smashed it.

Can't wait to tune into the show today to see how its presented, or if Joe will move on to something else to try to forget yesterday.
Maybe another single day of mother and baby homes? Then by Monday on to a totally different subject.

If it is still about Life Loans today, you can guarantee it will be 100% callers giving out about them, with no argument from the other side.

BrendanBurgess wrote: »

Just to be absolutely clear and fair to Joe, I sent the attachment and following email at 13.33

Hi Joe

A quick read of this will show you how outlandish your callers claims were yesterday

I look forward to discussing it with you later

Brendan Burgess

They do get inundated with emails, so they might not have seen it or they might have seen it and not brought it to his attention.

I made it clear in my phone call with the researcher that I would be challenging the claims of the callers.

And my email is very clear as well.

So they shouldn't have been surprised when I challenged their claims.

But if they return to it today, I am sure he will have read the brochure and will quote from it if anyone claims that they did not know what they were doing.


Brendan

Brendan, are you intending on contacting the show again today?

Did you smash it wrote: »

So most of those callers I heard were repaying triple the capital amount. This was all lies?

I've attached below a screenshot of the relevant page from the 2006 version of the BoI brochure that Brendan Burgess mentions in his post (also below).

By coincidence it shows what the loan will cost in 2021, which Joe Duffy cannot fail to miss.

BrendanBurgess wrote: »

Ah, I can't upload an attachment. You can see them here. I sent one of these to the show before it started.

lifeloan.PNG

BrendanBurgess wrote: »

No.

Understandable given the reception that you got from him and his staff yesterday, and all for simply giving the information to them. Goes to show you just what his agenda is, if he refuses to deal in facts.

He's a pig of a man.

Well done on keeping your cool yesterday Brendan.

Joe Duffy is paid 400k because of the listenership and therefore advertising revenue his show brings in. That’s pretty much our value as employees in any profession. It has little to do with how hard or little you work. I don’t have a horse in this race about Duffy personally. I didn’t listen to the show in 20 years before today.

In terms of life loans, if the product causes that much stress among its customers then I think the regulator needs to prevent their access to the market at rates of 5 to 6%.