Nama top shelf contributor Paddy Kelly (€350m+) has asked the question - "why should ordinary people have to pay for my mistakes".
At this juncture these are merely words and an attempt by Kelly to reduce the public outrage towards him and his family - but a valid question nonetheless.
Who gave Brian Cowan and Brian Lenihan the authority to pass someone elses private debt onto us.
One could say that the eletoral process gives such authority, but then one is accepting that the electoral process is a carte blanche for the Government of the day to do anything they choose - this is clearly not the case and I would challenge the actual legality of this Government decision.
If we are liable for their debts, then we shoudl be entitled to their profits also. The principle of only acknowledging the debt for the actual value of ones property would seem justified, considering the over-valued portion the bank was only too willing to lend was the profit Mr Kelly lived the 'high-life' on and the bank paid it's bonusses on.
What Government has the right to force it's citizens to accept the private debt of his neighbours and to fund the private business down the street because it is in difficulties.
The developers robbed us once and now Cowan & Co want to rob us again on their behalf.
Enough is enough.
Picasso
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