Wednesday 18 October 2017

Letters: Bertie, are you pulling our legs with bubble explanation?

Former Taoiseach Bertie Ahern at his old constituency office
Former Taoiseach Bertie Ahern at his old constituency office
Letters to the Editor

Letters to the Editor

Dear Bertie Ahern. I'm sorry Bertie, but I have to ask this; are you mad or what?

You say that your government's response to an over-heated housing market during the bubble was to accelerate the process in the hope, as you so 'Bertily' put it, "somewhere along the line we had to get to a situation where we would have saturated it [construction], and that the natural laws of supply and demand would kick in..." Doesn't that have the ring of a bloke in a pub telling you about his plan to 'do over' the bookmakers by putting a tenner on every horse in a race?

Now Bertie, when you say that you didn't know that the Irish housing bubble was built on borrowed money, you must be having a laugh, come on now, admit it, you're just pulling our legs. Or perhaps there's another explanation? Because Bertie, not everyone could adopt the house financing model you developed, you know, the instant whip-round after your spurned wife demanded the family home, so that you could have an equally good place in the same general area, finance free.

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