For Lefties too Stubborn to Quit
Let?s go back to mine and drink until we can?t feel our legs! Utopia 12:01 Sat Dec 07, 2013 | WorldbyStorm
This Weekend I?ll mostly be listening to?My sound track from elk camp 2013 02:12 Sat Dec 07, 2013 | WorldbyStorm
Nelson Mandela ? Dunnes Stores anti-apartheid strikers to sign book of condolence at Mansion House i... 00:38 Sat Dec 07, 2013 | WorldbyStorm
A living wage? 20:07 Fri Dec 06, 2013 | WorldbyStorm
Fine Gael and single party government? 12:52 Fri Dec 06, 2013 | WorldbyStorm
Cedar Lounge >>
Life should be full of strangeness, like a rich painting
Rentier Incomes and Financial Interests (2003) - Gerald Epstein, Dorothy Power 20:25 Sat Dec 07, 2013
5 Harbourmaster Place - Dublin Tardis 22:18 Wed Dec 04, 2013
Wilt thou not chase the white whale! Art not game for Moby Dick? 12:01 Wed Dec 04, 2013
Solidarity Books Launch: Sins of the Father 2nd Ed. by Dr Conor McCabe 09:24 Fri Nov 29, 2013
Using ?Legal Obstacles? like Barricades in the Class War 11:23 Mon Nov 25, 2013
Dublin Opinion >>
Joined up thinking for the Irish Left
On the Death of Nelson Mandela Fri Dec 06, 2013 09:15 | Communist Party of Ireland
Irish Landscape Institute Lecture given by Brendan McGrath -Viewing Landscape in... Thu Dec 05, 2013 16:53 | Irish Left Review
Labour Throws 30,000 Unemployed and Low-Paid Mortgage Holders to the Wolves! Thu Dec 05, 2013 11:34 | Irish Left Review
New LookLeft in shops now! Wed Dec 04, 2013 09:38 | Irish Left Review
We?re Starving Public Services and Social Protection But All We Get is Demands f... Tue Dec 03, 2013 17:39 | Michael Taft
Irish Left Review >>
Farewell from NWL Sun May 19, 2013 14:00 | namawinelake
Happy 70th Birthday, Michael Sun May 19, 2013 14:00 | namawinelake
Of the Week? Sat May 18, 2013 00:02 | namawinelake
Noonan denies IBRC legal fees loan approval to Paddy McKillen was in breach of E... Fri May 17, 2013 14:23 | namawinelake
Gayle Killilea Dunne asks to be added as notice party in Sean Dunne?s bankruptcy Fri May 17, 2013 12:30 | namawinelake
NAMA Wine Lake >>
A shot at bias in the media
Separating the News from the Noise Thu Apr 04, 2013 21:14
Blessed with nothing but good intentions Fri Feb 22, 2013 18:04
The Household Charge - How They Failed to Shape Our Perspectives Wed Apr 25, 2012 10:48
The web's political rainbow Wed Dec 07, 2011 09:47
The Forgotten Constituency: The Majority and The Irish Economic Crisis Fri Mar 11, 2011 11:49
Yet Another Government Betrayal
Thursday June 28, 2012 17:35 by Anti Eviction Task Force - Anti Eviction Task Force
Labour and Fine Gael are content to put their feet on the heads of home owners who re struggling to keep their heads above water
Labour agree with Fine Gael that it is better to pay the mega wealthy than to keep the promises made to the slave class... oooops working class
The Anti Eviction Taskforce strongly condemns Minister Bruton's actions in signing an order restricting access to the mortgage interest supplement, which has helped thousands of low income families meet their monthly repayments. This action by the government is untenable and is a further blow to the people most affected by the misdeeds of the government and banks.
Since coming to power on a tidal wave of lies and broken promises starting with the infamous mantra of 'not one more red cent', we have seen nothing but broken promises, including the present government's promise of 'being committed to helping homeowners in distress to weather the recession, and to ensuring that Ireland has a sustainable housing policy'.
We would like to take this opportunity to remind the government and the people of Ireland of what they said in their programme for government:
Introducing a two-year moratorium on repossessions of modest family homes where a family makes an honest effort to pay their mortgage.
Fast-tracking personal bankruptcy reform needed to bring us into line with best international standards, such as introducing a flexible discharge period for 'honest bankrupts', defined as one that has materially complied with the Tax, NAMA and Companies Acts among others.
Converting the Money Advice and Budgeting Service into a strengthened Personal Debt Management Agency with strong legal powers. The agency will support families who make an honest effort to deal with their debts, including non-mortgage debt, providing protection from their creditors where appropriate, so that they have time to sort out their affairs. In order to do so, the Personal Debt Management Agency will have quasi-judicial status.
Making greater use of Mortgage Interest Supplement to support families who cannot meet their mortgage payments, which is a better and cheaper option than paying rent supplement after a family loses their home.
It has become apparent without any shadow of a doubt that the only people that Fine Gael and Labour represent are those in positions of power: the very wealthy, the bankers and bondholders. This month €3.6 billion has been paid to unsecured, and even unguaranteed bondholders, yet the reasoning for this decision to stop paying the MIS from Enda Kenny according to the Independent is "It is the banks who get this money. This year it will cost about 50 million euro."
The great hope that Fine Gael and Labour would work together to get the country up and running has dwindled from a flame to a flicker to a dying ember. In fact, we have witnessed the ultimate betrayal: a Labour politician sign away the only hope that some people have of keeping a roof over their families' heads - not just a roof but a home. The most recent and most telling episode in this saga of betrayal is being released this week with the two-pronged attack on ordinary families that are striving to keep their heads above water. The Personal Insolvency Bill gives not one shred of assistance to homeowners yet gives the banks a veto on any possible resolution, coupled with the removal of the Mortgage Interest Supplement it is win/win for the banks and government and lose/lose for the people of Ireland.
Under new rules, hard-pressed mortgage holders will first have to approach their bank or building society and negotiate a restructuring of their mortgage. The restructuring plan will have to be in place for 12 months before they can even apply to the Department of Social Welfare for the mortgage interest supplement. However, there is NOTHING in place that actually obliges the banks to do this.
To date, we are all still living with the moral hazard of the financial sector, paying for their mistakes and having homes repossessed by the very same institutions we are bailing out. Restricted access to the Mortgage Interest Supplement will mean that more families will lose their homes.
There has been no real strategy or assistance given to the people of Ireland. During recapitalization the banks were given €7.5 billion specifically for residential mortgages, yet only a tiny fraction of this can be accounted for. Despite the fact that the main lenders have received significant subvention from the State, precisely to help them deal with mortgage losses. AIB, for example, was recapitalised to the tune of €7.5 billion to cover losses on residential mortgages. As of last September, the bank had written down just €600,000 in residential mortgage debt for borrowers. (Bank of Ireland received €1.8 billion, and had at that point written down nothing.) There is nothing to oblige banks to help people, yet we have been forced to pay for the mistakes of the financial sector.
Is the Irish government willing to stand over and be the cause of yet more families becoming homeless?