Taoiseach Micheál Martin at Dublin Castle this morning
Why won’t the Taoiseach answer a straight question?
Did he change his mind that it is unacceptable for the State to enter long-term lease deals with cuckoo funds? If not, then why is his Housing Minister incentivising just that?#LeadersQuestions #Dáil #CuckooFunds pic.twitter.com/hiCys7RHwO
— Róisín Shortall (@RoisinShortall) July 6, 2021
Micheal Martin is unhappy with @SocDems for quoting a finance industry source, reported in Business Post, saying govt leasing from funds is like “government bonds on steroids”. After being accused of not answering the questions, Micheal is now unhappy with the FF Ceann Comhairle! https://t.co/QcDk8iwnz1
— nwl (@nwl88444048) July 6, 2021
This afternoon.
The Dail at the Convention Centre.
Social Democrats co-leader Rosin Shortall said:
“Back in May, the Taoiseach said he didn’t agree with local authorities entering long-term leasing deals. He said, “no local authority should be on the other side of this, engaging in a long-lease with these institutional investors”.
“Later that month, the Taoiseach was clear that “long-term leasing is bad value” and said “that is my view and I continue to make that clear”.
“Despite this, Housing Minister Darragh O’Brien has quietly submitted an amendment to a Finance Bill, which comes before the Dáil tomorrow. The amendment will actually incentivise cuckoo funds to swoop in, purchase homes from underneath the noses of first time buyers and then lease them back to the State.
“The measures introduced by the Government, to limit the activity of cuckoo funds in the residential property market, were the bare minimum required. It didn’t even bother to include apartments, preferring to let cuckoo funds feast on them.
“Now we learn that even the bare minimum has been diluted. That the promises made to the people, to do something about the activity of these funds, are worthless.
“When I raised this issue in the Dáil today, the Taoiseach refused to withdraw the amendment. In fact, he barely acknowledged it – preferring to obfuscate and dodge any questions.
“Fundamentally, this government cannot be trusted. Instead of helping young people trying to buy a home, it prefers to help the vultures seeking to profiteer on their misery.”
Yesterday: Under Two Minutes Afforded To Debate Each Amendment
The sleaze of FFG and their bootlickers the Greenwash party continues
It’s depressing just how little power Irish people have in the face of big business.FFG are owned by IBEC so it’s not too surprising that they do what they do, but the scary thing is how the most of this thievery goes on under the radar.
Ever wondered why so-called leaders of this country give jobs to people (Reid for instance) that carries a salary of more than twice those ‘leaders’ salary?, and then fill the cuckoo funds purses with rewards of hundreds of millions.
And there’s nothing in it for them?
all the time. in the case of enda kenny it was apparent; he got a job with them after. same with a lot of TDs, got cruisey lobbying jobs. varadkar seems very wedded to investor funds. so I wouldn’t be surprised if he’s eyeing up a gig with one of them. especially as he’s already said he doesnt seem himself in Leinster house past 50.
I’m no shinner, but are FFG not basically waving them into power with this kind of carry on?
yes
Definitely… ffg reckon SF will blow it spectacularly and then they’ll get another 20 years feeding at the trough..