Tuesday, November 11, 2008

Economics on the TV tonight (Tuesday)

Crunch Time: The Great Property Crash
TV3 (Sky Digital: Ch.103)
Tuesday 11th November 2008
, 10 p.m.

We, in Ireland, waited a long time for an economic boom. When the ladder of success was eventually put in place, we wasted no time in leaping on the first rung and climbing up as high and as fast as we could. Forget pensions, forget savings, forget safe and solid jobs - property was a fast track stairway to heaven a gateway to good times. It couldn't last and it hasn't. This programme will sift through the debris of the crash. We will talk to the people who can't afford to pay their mortgages, the people who can't sell their properties, the people who are living in empty housing estates. We will ask why the banks and building societies threw money at anyone who wanted it. Why did no-one shout stop? Where did it all go wrong?

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