No to NAMA Facebook page

allanb49

I swore it was nambla when i read the title

indough

Biggins wrote: »

If they are trying to help the banks, why is every one of my business friends telling me that they still are having atrocious problems getting funds from their own banks - which they have been with for decades!

i suppose theyve gone to the other extreme lending wise now, being too strict rather than too lenient in their criteria

orourkeda

If there such opposition to NAMA, why can't people suggest any reasonable alternatives? If they have, what are they?

Long Onion

I suggested an alternative that was simple yet genius. It involved having the lands in question taken into state ownership and razing the buildings to the ground, the land could then be used for sowing some magic beans which would sprout into money trees and we'd be in the clear by next spring - would the government listen to me, oh no, they have economists ... blah blah blah blah.

Who's for the money trees?

the butcher

Yes very clever, NAMA wants to pay above current market value based on the "long term economic value". That's basically bubble property prices we have seen 2002 - 2008. NAMA is clearly a scam as shareholders/bondholders are not taking a hit, the taxpayer does.

If you support NAMA, I dont want to read your posts about unemployment, lack of services, why taxes are so high and why we in 2009 already are paying 10% of our tax towards the national debt. At least this facebook group is organising a protest with other information to be added soon.

The apathetic attitude us Irish people have is just sickening. The best and brightest will leave the country to those idiots.

Quint

My name is URL wrote: »

Waken me up when there's a 'No to Facebook causes' page

AnonoBoy wrote: »

Ah yes internet petitions and anti-something or other Facebook pages. They really get the job done.

You lot are forgetting that it helped save the spiceburger. Far more important that this Nama rubbish

Wagon

I support this cause. NAMA is just another way to rob the taxpayer by the looks of it.

orourkeda

Wagon wrote: »

I support this cause. NAMA is just another way to rob the taxpayer by the looks of it.

I would have thought that the whole idea of setting up NAMA was to pay a fair price and not intentionally pay over the odds. Doesnt this defeat the whole purpose?

Nate--IRL--

efla wrote: »

Of course NAMA is 'capitalist' - it emerged in response to the effects of a global financial crisis involving significant movements of Irish capital and accumulation of debt....?

Not in the slightest, it is socialism, it just happens to be socialism for the banks only.

orourkeda wrote: »

I would have thought that the whole idea of setting up NAMA was to pay a fair price and not intentionally pay over the odds. Doesnt this defeat the whole purpose?

Depends on what the purpose of NAMA is, doesn't it? As long as the banks get the crap off their loan books at a price they can deal with, NAMA doesn't care if the loans acquired are good value or not, because they will be paid off for the next 30years by the taxpayer anyway.

Nate

AnonoBoy

Quint wrote: »

You lot are forgetting that it helped save the spiceburger. Far more important that this Nama rubbish

Interesting, chlorestoral-raising point you make there fatty Quint.

Maybe I should rethink my position on useless internet petitions.

Terry

Sorry, but I'm the only one allowed to spam pointless facebook causes.
Put a link in your sig or something.