Well it didn’t take long for this insider to start flying this kite, calling for the sale of the worlds largest property portfolio to private faceless investors is just the pits. Of course the property market is still on its knees and there is no better time for Faceless capitalists to get involved as the Irish taxpayers have been carrying the can for four years and taken all the losses of course .Just like Eircon ,we the taxpayers are about to get shafted once again .Mr Bacon has made a nice life as an advisor with the Fianna Fail government and certainly hasn’t done the Irish taxpayers any favours in the past! Mr Bacon has presumably been paid for a so called report ,commissioned by none other than Treasury Holdings and at the same time isn’t NAMA suing this same company because of questionable sales of shares in that same company?
“The report looks at the economy and it urges the adoption of alternatives to current economic policies .Mr Bacon says that a key to stimulating domestic demand is growing consumer confidence, and a key to growing consumer confidence is getting the housing market working again”
Wrong Mr. Bacon ! It’s getting Jobs and job security, up-skilling of the unemployed, and investment in education, and infrastructure. Helping your paymasters get the property bubble going again is not the answer to Ireland’s economic troubles. In Germany the vast amount of people are renting and the economy is booming!