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Dick Turpin Economics

Posted on: April 22nd, 2012

WHEN in trouble, raid the peoples’ pension fund.

It worked wonders. When money was needed to rescue the banks there was only one pot of gold left. Back in 2009 the Fianna Fail lads pillaged the peoples’ pension fund. New laws were rushed through the Dail to allow them to steal billions to prop up the banks. By the time they had finished pumping over €20bn into AIB and Bank of Ireland there was little left for pensions.

But, bravo, the banks were safe. The minister for finance himself had directed that the National Pensions Reserve Fund (NPRF) should be converted into a bankers’ slush fund.

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