Sunday 22 April 2018

Let speculators pay for damage

Sir -- I could not agree more with Carol Hunt's article (Sunday Independent, February 6, 2011) on property speculator Simon Kelly, and I look forward to her writing on the many others out there.

I also look forward to the day people, such as Kelly, having been called to account before the courts, end up spending time behind bars, having first been declared bankrupt and having lost all of their assets including those transferred to their spouses to avoid creditors' claims. For the untold damage these greedy, stupid speculators did to our economy by borrowing huge sums to pay to other stupid speculators to buy bits of Ireland at ever higher and higher prices, they deserve to do long time in the debtors' prison.

Anthony MacGabhann,

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