Sunday, Aug 22, 2010
Irish investors who claim they were misinformed may sue journalists
Independent: The false estate: Did property journalists mislead investors?
If the British property market resembles a shrivelling party balloon, in Ireland it looks more like the aftermath of the Hindenburg disaster. The bubble that started growing in the 1990s and accelerated out of control after 2002, when Ireland joined the euro, eventually burst spectacularly in 2008, and has yet to show any signs of recovery. Since the crash, those who lost a fortune or who have been left with unsellable property have been looking for someone to blame.
Now a hate figure has emerged in the form of the property journalist. Although a case has yet to be lodged, a number of aggrieved investors are said to be consulting Dublin lawyers about launching a case against certain journalists.....
Posted by drewster @ 10:53 AM (662 views) Add Comment
3 Comments
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1. symo said...
COuld it happen here? Expose the shills's? Best hope not Krusty and Phil.
2. Peter said...
Are they better not to save the money they'd have to spend on the law process to pay their mortgages!
3. Maranello said...
C'mon these people are grown ups. You should know better than to spend 100k based on a positive article in a newspaper, and you should know better in general to believe a journalist as they in most cases have an agenda, just look at election time. Just If a looking for someone to blame, whether it be the banks, the developer, the markets and now the journalists. Take a look at yourself for a moment! So what happens if they win the case? It will be the end of journalism as they will be too frightened to give opinions on anything.