Daft Property - Irish Property News

Does the following sound fimilar?... " This is an extraordinary period...Over the past few weeks, many...have felt anxiety about their finances and their future. I understand their worry and their frustration . We've seen triple-digit swings in the stock market. Major financial institutions have teetered on the edge of collapse , and some have failed. As uncertainty has grown, many banks have restricted lending. Credit markets have frozen. And families and businesses have found it harder to borrow money. We're in the midst of a serious financial crisis ... First, how did our economy reach this point? For more than a decade, a massive amount of money flowed ...from investors abroad, because our country is an attractive and secure place to do business. This large influx of money to... banks and financial institutions -- along with low interest rates -- made it easier...to get credit. These developments allowed more families to borrow money for cars and homes... some for the ...