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Monday, 9 September 2013

Black Hearts and Bankers.

 I was all week long keeping my head just above water moving too fast. You know the kind of thing, kids back to school, work demands, everything kicking off in autumn. A blurry week of appointments, trips to the cash machine, bringing the law down from the mountain one more time to recalcitrant teenagers. Car trips back and forth, hither and yonder, punctuated by Radio soundbites,  tunings in and out of  interviews with Bankers being asked what they were like doing for the distressed (mortgagors). Questioning of  A.I.B Bank's David Duffy  and his ilk, by the Government Committee tasked with establishing whether the Banks had done what they were like told to do. As in like offering loan  restructuring, or like write downs even,  or like anything,  like at all.  Like?

Doing? what were they doing? Why, they were writing letters, warning bad 'uns, wrinkling out dastardly Strategic Defaulters, and protecting,  they were like protecting deserving taxpayers. "They are....protecting....??? they are ....Ahh no, noo,  that's not right. That's just wrong,  that' just....back up there....that's not....right."  And my merry go round shrieks to a  halt.

"Gotta tell you" I tell my husband " gotta say before my head explodes, that basically, you know the banks?, well they got VALUATIONS before they handed over the cash for your house.. At the time I  mean, they messed with your head, they got valuations, made you pay for it, and told you  it wasn't for you it was for THEM. And no valuation, no cash, no house. So you did, you paid for it, AND you got other certificates about the planning, the services, the build, BUT you don't get another VALUATION because why would you? It's a no brainer, because they got one didn't they? They  wouldn't  let you have the money if it was  wrong would they?. Noone told  you "oh hey  hold up there, can't rely on that!, better get your own."

So why are we now hearing  this tricky disingenuous stuff  from bankers? Why not a class action against the Banks for the difference in the current  value of your house and the mortgage on it.  Negative equity take a bow.   Two thirds of all mortgages holders from the long boom era are in serious negative equity. Now that would be a powerful  class.

And one more thing.  I wonder if Mr Duffy might give me a business loan for my ace business idea to set up an on-line game.  Pius Banker types hunt down Strategic Defaulters with weasel words and loaded letters, winner takes all the  cute taxpayer lambs.

And that's all.  Too busy redirecting soul traffic here. Everyone in my house is in love. Everyone. Even my youngest daughter, my baby, (spanish students) (a seriously fetching spanish boy).. "Dangerously volatile, a chemical cocktail  zinging round our house, a triple whammy" I tell my(disgruntled) husband.  Study, exams, music practice, sleep, all  in jeopardy here. Gotta keep the show on the road.  Somehow."  "Yeah, well maybe, but what do I have to DO  (to get some attention around here).  You want chemicals step on over here,  feel my black and chemical little heart. Baby." Yes, everyone.