First step to defusing the ticking mortgage time-bomb is to stop bailing out the banks with home-owners’ money

The first step to defusing the ticking mortgage time-bomb is to stop bailing out the banks with home-owners’ money, says People Before Profit candidate for Dublin South East Annette Mooney.
Annette Mooney, who is standing in Dublin South East as part of the United Left Alliance today criticised Fine Gael’s pledge to hand €166 a month to 250,000 home owners struggling with negative equity, while still bailing out the banks.
“Almost 40,000 people have not been able to pay their mortgages for six months or more now. Hundreds of repossession cases are being heard by the courts every week. UCD economist Morgan Kelly recently said the mortgage crisis put Ireland ‘on the cusp of a social conflict on the scale of the Land War’.”
It is not enough to just ease the burden on struggling home owners. To do so while still handing the taxes paid by the same struggling home-owners to the same banks is ludicrous and fundamentally unjust,” said Annette.
“We in PBP and the ULA have a better solution, the basis of which would be to first stop pouring money into the black-hole that is the banks. It is time to stop and to recognise how these families were bullied by an elite of property developers, banks, solicitors and other vested interests into jumping on the property ladder or risk being left out.”

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Establishment Parties record show proposals for political reform not credible

PBPA CALLS FOR DRASTIC CUTS IN POLITICIANS & TOP CIVIL SERVANTS PAY
& PERKS AND MORE DIRECT FORMS OF DEMOCRACY & ACCOUNTABILITY
ALL MAIN PARTIES VOTE AGAINST CUTTING JUNKETS AND CONFERENCE EXPENSES IN DUN LAOGHAIRE-RATHDOWN

In a statement, Cllr. Richard Boyd Barrett, People Before Profit Alliance (PBPA) has said that proposals now being made by the establishment political parties – Fianna Fail, Fine Gael & Labour – had little credibility given their previous records.
Cllr. Boyd Barrett said that any party willing to sign up to the IMF/EU package was effectively signing away Ireland’s democracy and handing the country over to unelected bureaucrats in the EU and IMF – rendering meaningless talk of political reform.
He added that all the main parties were part of a ‘cosy club’ that had resisted any serious attempts at political reform for decades because of personal and party self-interest.

 

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Eamonn Casey:  Hypocrisy And Rape

Revelations about Eamonn Casey point yet again to the gross hypocrisy of the Bishops.These are mostly elderly males who think they have every right to

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