FORMER Taoiseach Brian Cowen is facing a cut of about €7,500 in his yearly pension as the notorious bank guarantee scheme his government introduced is scrapped.
THE scheme to guarantee the State’s teetering banks, introduced in September 2008, will end for all new liabilities at midnight on March 28.
The cost to the State of bailing out the guaranteed banks is estimated at €64bn.
Finance Minister Michael Noonan said the ending of the scheme marked “significant progress” in “breaking the negative link between the banks and the State.”
Ending the scheme will remove €73bn of contingent liabilities from taxpayers.
The Eligible Liabilities Guarantee (ELG) covers AIB, Bank of Ireland and Permanent TSB, but will not impact the Deposit Guarantee Scheme, which covers ordinary depositors up to €100,000 per customer per institution.
This terrorist, who along with his incompetent (at best) finance minster brought about the collapse of our economy,. He and the rest of the gangsters are been paid pensions whilst thousands of ordinary citizens are struggling to put food on the table, struggling to find a job to hold on to their dignity and this creep is allowed to collect this lottery pension ???
Where the justice or moral justification in this??? .This is not right and should not be tolerated!
We the people must get up off our knees and put a stop to this madness regarding corrupt politicians, gangsters and outright traitors. Al- Capone was an angle compared to the gangsters who now control our Unions, Government and the Judiciary. The crooks are in control!!!!
This latest round of insider deals is nothing more than, the crooks that are running the country are looking after themselves and we can expect to get another round of Austerity measures to be forced on to the shoulders of the ordinary people who have no way of fighting against these self serving So called public servant leaches who are milking us dry!
These Gangsters should be in Jail!
People of Ireland –Get up of your knees!
- Ireland ends bank guarantee (bigpondnews.com)
- Michael Noonan announces Ireland’s bank guarantee deal to end in March (irishcentral.com)
- Time to consider your deposits in Permanent TSB as Minister withdraws ELG scheme from 28th March 2013 (namawinelake.wordpress.com)
- Enda Kenny and Michael Noonan and their poodle Union Boss pull a fast one on the oppressed families of Ireland! (thepressnet.com)