NAMA to reduce number of developers it manages itself - Irish, Business - Independent.ie
Is this being made up as they go along.
Is this being made up as they go along.
Once the risks for Anglo and INBS were almost entirely loaded onto the taxpayer, NAMA had completely lost the plot. According to the article, "The original business plan of NAMA envisaged the agency directly managing the loans of up to 150 developers, but this is proving onerous and NAMA has told bank executives it would prefer to reduce the number of borrowers it manages itself."NAMA to reduce number of developers it manages itself - Irish, Business - Independent.ie
Is this being made up as they go along.
The article said that the banks will be paid an administrative fee [by NAMA] to manage the loans that NAMA took off the banks in the first place.NAMA to reduce number of developers it manages itself - Irish, Business - Independent.ie
Is this being made up as they go along.
This is news to you?The article said that the banks will be paid an administrative fee [by NAMA] to manage the loans that NAMA took off the banks in the first place.
Thats about the size of it. Except that NAMA looks more like Manuel taking over Fawlty Towers. Thats how plainass stupid it is.Why am I instantly reminded of Baldrick telling St Lenihan "Wait, I have a cunning plan".
+1 There were loads of people warning about this last summer.It truly is astonishing, using borrowed EU money to reward the morons who got us into this situation in the first place. I see all the small shops around me closing but not 1 banker has had to look for a new job. The loss taking NAMA run zombie hotels are destroying the livelihood of viable businesses to save a few billionaires the horror of a tax break clawback. The unfairness and equal stupidity of the whole NAMA thing makes me feel sick and the animals who are cheering it on are cutting this country's throat with a smile on their ugly faces.
I have a vision 10 years in the future of a completely ruined country with no economy at all but zombie banks serving nobody. Lenihans dream.
I distinctly remember lengthy debates here and on the Pin back in 2006/7 where those of us with a clue were chewing the cud about housing bubbles in general and the usual peak-to-trough drops and timescales, the resulting zombie banks, the lessons from the Japanese experience, why ZIRP is precisely the wrong response to a crisis like this etc etc etc.+1 There were loads of people warning about this last summer.
To summarise: The Mental Fundi's are unsound.I distinctly remember lengthy debates here and on the Pin back in 2006/7 where those of us with a clue were chewing the cud about housing bubbles in general and the usual peak-to-trough drops and timescales, the resulting zombie banks, the lessons from the Japanese experience, why ZIRP is precisely the wrong response to a crisis like this etc etc etc.
All this is well-known, it has happened again and again over decades all over the world, but a mob of howling baying coked-up morons has taken over the asylum and they are completely impervious to little things like prior historical fact or logical analysis or God forbid doing some straightforward simple mathematics.
No, with these fanatical cultists, devotees of St Lenny, it's all about wearing the right tie and proclaiming black to be white in a firm authoritative arrogant tone of voice. That's all you have to do to make reality conform to whatever loony meglomaniacal fantasy is going on inside your head. And any inconvenient facts can just be ignored or hushed up.
We're not dealing with people who are merely misinformed or mistaken here people. We are dealing with total nutters, people with real mental issues, people with some or all of sociopathy, psychopathy and/or narcissistic personality disorder, people who desperately need medication and therapy and treatment, people who need to be kept away from society for everyone's good.
These are the people who are in charge of the world today. A small minority of severly damaged and unstable predatory fantasists.
Hal/Tonic, you fought like a dog for NAMA so I hope you are happy with all the people losing their livelihoods, committing suidice etc. Well done for doing your bit to destroy this country, you must feel very proud. Your hero Bertie told people to kill themselves if they weren't happy with the economy, now they are actually doing it. Result!This is news to you?
+54,000,000,000Hal/Tonic, you fought like a dog for NAMA so I hope you are happy with all the people losing their livelihoods, committing suidice etc. Well done for doing your bit to destroy this country, you must feel very proud.
I'm happy that with this post as with all of your other posts on NAMA, you show you don't understand it. You bring to the NAMA debate misplaced anger, but no intelligence.Hal/Tonic, you fought like a dog for NAMA so I hope you are happy with all the people losing their livelihoods, committing suidice etc. Well done for doing your bit to destroy this country, you must feel very proud. Your hero Bertie told people to kill themselves if they weren't happy with the economy, now they are actually doing it. Result!
Bullsh1t. Why would you be happy I don't understand NAMA? You spout so much double think cr4p you don't even believe it yourself anymore.I'm happy that with this post as with all of your other posts on NAMA, you show you don't understand it. You bring to the NAMA debate misplaced anger, but no intelligence.
You have no grasp of NAMA. All the threads from the past year will verify this.I'm happy that with this post as with all of your other posts on NAMA, you show you don't understand it. You bring to the NAMA debate misplaced anger, but no intelligence.
+ a lot.You have no grasp of NAMA. All the threads from the past year will verify this.
Who are also experts inThese are the people who are in charge of the world today. A small minority of severly damaged and unstable predatory fantasists.
We have know-nothing ministers who've been rolling in self-awarded clover for a decade. Remember, these are the disgusting gobsheens who justified their inordinate pay packets on the basis of our (ha ha ha) overperforming economy. To this day, they (and the new haute bourgeoisie on 200k McCreevy and Harney created) are grossly overpaid. And are to boot no more than PR-commissioning jobsworths.Nama to miss March deadline for transfer of toxic assets - National News, Frontpage - Independent.ie
Remember all the FF muppets telling us that 10% over 10 years was all that was required to breakeven. Well its now 25%.
We have some seriously thick Ministers & advisors.