Wednesday October 28, 2020

Bet your bottom dollar: the powerful won’t be punished

The year is 2008. As the extent of the financial crisis facing the state becomes clearer, Browne surveys the devastation wreaked on ordinary citizens.

30th July, 2017
Browne predicted that the financial collapse would mean misery for ordinary peopleTony OʼShea

Tens of thousands of financial whizz-kids have made millions on the subprime scam over the last several years.

Banks made billions in profits and distributed much of this to shareholders, while executives of five of the major banks made $95 billion between them, according to the Financial Times.

The orgy of ‘‘financialisation’’ – combined with deregulation, privatisation, tax-cutting and outsourcing – made billionaires of many. With its collapse will come misery for tens of millions of...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

A fictional mystery podcast, a spooky video game and a modern movie based on a classic novel are this week’s picks

Jenny Murphy Byrne | 3 days ago

In spite of the cold, and disturbing reflections, Irish TV’s favourite architect hasn’t let go of his obsession with very big windows

Emmanuel Kehoe | 3 days ago

A new Crash Bandicoot game, a drama about former FBI director James Comey and an unusual trip to the beach are this week’s selections

Jenny Murphy Byrne | 1 month ago