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broke and NAMA

  • 26-03-2010 9:51am
    #1
    thebaz
    Registered Users, Registered Users 2 Posts: 13,742 ✭✭✭✭


    like a few people in this country the recession has hit thebaz very harshly - unfortunately i have a few debts and the banks keep hassling me aggressively for payment - how do i go about transferring them to NAMA , and will that be the end of them - to increase my immediate cashflow can i just walk into Anglo Irish bank and open up a new current account , with a hefty overdraft so i can relieve my doom?


Comments

  • #2
    KerranJast
    Registered Users, Registered Users 2 Posts: 1,829 ✭✭✭KerranJast


    thebaz wrote: »
    like a few people in this country the recession has hit thebaz very harshly - unfortunately i have a few debts and the banks keep hassling me aggressively for payment - how do i go about transferring them to NAMA , and will that be the end of them - to increase my immediate cashflow can i just walk into Anglo Irish bank and open up a new current account , with a hefty overdraft so i can relieve my doom?
    :rolleyes:
    1. Anglo is no longer opening deposit accounts. They owe 35 Billion (:eek:) to existing depositors already.
    2. Are you of systemic importance to the Irish economy? If yes then sure you can apply for NAMA to take your debts. You won't get any cash from them though just your debt wiped clean.
    3. Would you also like a small island? I'm sure they can give that over too.


  • #3
    xzanti
    Moderators, Entertainment Moderators Posts: 10,446 Mod ✭✭✭✭xzanti


    KerranJast wrote: »
    :rolleyes:
    1. Anglo is no longer opening deposit accounts. They owe 35 Billion (:eek:) to existing depositors already.
    2. Are you of systemic importance to the Irish economy? If yes then sure you can apply for NAMA to take your debts. You won't get any cash from them though just your debt wiped clean.
    3. Would you also like a small island? I'm sure they can give that over too.

    WHHOOOOSSSSSHHH


  • #4
    KerranJast
    Registered Users, Registered Users 2 Posts: 1,829 ✭✭✭KerranJast


    xzanti wrote: »
    WHHOOOOSSSSSHHH
    Ever hear of sarcasm. Oh crap yeah the Internet.


  • #5
    neil_hosey
    Registered Users, Registered Users 2 Posts: 1,712 ✭✭✭neil_hosey


    sledge hammer to the bank managers knee caps... reverse debt collection.
    that'll learn em


  • #6
    Minstrel27
    Closed Accounts Posts: 7,818 ✭✭✭Minstrel27


    .


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  • #7
    thebaz
    Registered Users, Registered Users 2 Posts: 13,742 ✭✭✭✭thebaz


    KerranJast wrote: »
    :rolleyes:

    2. Are you of systemic importance to the Irish economy? If yes then sure you can apply for NAMA to take your debts. You won't get any cash from them though just your debt wiped clean.

    well i must be of greater importance to the Irish economy than some of the bankers and developers like Fitzpatrick, Carroll and Fingleton - I may not have earned the economy much , but I sure as hell didn't cost the taxpayers much - so on balance I have been more valuable , in fact i think i have contributed a lot more to the country than dodgy eye sore apartment blocks


  • #8
    Canis Lupus
    Registered Users, Registered Users 2 Posts: 9,893 ✭✭✭Canis Lupus


    xzanti wrote: »
    WHHOOOOSSSSSHHH

    WHOOOOSH :P


  • #9
    AnonoBoy
    Closed Accounts Posts: 22,559 ✭✭✭✭AnonoBoy


    I'm doing fine and that's all that matters.

    Yours smugly,

    AnnoyingSmugoBoy


  • #10
    deadhead13
    Closed Accounts Posts: 2,034 ✭✭✭deadhead13


    Get some idiot in a bank to lend you 31 million euros to buy land in Athlone, which is really only worth 600,000 euros and NAMA will welcome you with open arms.


  • #11
    orourkeda
    Closed Accounts Posts: 17,918 ✭✭✭✭orourkeda


    deadhead13 wrote: »
    Get some idiot in a bank to lend you 31 million euros to buy land in Athlone, which is really only worth 600,000 euros and NAMA will welcome you with open arms.

    Or go one better and get the Department of Finance to sanction a €426 Million loan on a piece of sh*t land thats now considered absolutely worthless. Sure they wont even ask you for a formal valuation. This should cover your debts. Then you can transfer the debts to NAMA.


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  • #12
    dr.bollocko
    Moderators, Music Moderators Posts: 35,945 Mod ✭✭✭✭dr.bollocko


    If they bring the tax down on cigarettes soon I might no longer be homeless. And able to post on boards with an iphone and not this poxy ipod touch some Anglo worker wiped his nose with and then threw away.


  • #13
    thebaz
    Registered Users, Registered Users 2 Posts: 13,742 ✭✭✭✭thebaz


    does anyone actually know anyone who has an account with Anglo Irish ?

    Lets bail out a bank that only offered its services to a golden circle of about 10 - if we have to pay out for their losses why did they not share out their profits in the good days ....

    I took a punt at Cheltenham and lost , if i won i would have kept the winnings , but I'm not now whingeing to the government about my loss even though I'm literally broke


  • #14
    w123
    Registered Users, Registered Users 2 Posts: 155 ✭✭w123


    orourkeda wrote: »
    Or go one better and get the Department of Finance to sanction a €426 Million on a piece of sh*t land thats now considered absolutely worthless. Sure they wont even ask you for a formal valuation. This should cover your debts. Then you can transfer the debts to NAMA. This should cover it.

    Even better than this get the Dept of finance to sanction this loan to buy this same land that the state already owns thus enriching one of our already richest men by c€227m. So now the state is buying back a loan that was given to a semi state body to buy land that the state already owned. So we, the taxpayer have now paid for this site three times.





    I'm assuming you're talking about the Irish Glass bottle site in Ringsend.


  • #15
    KerranJast
    Registered Users, Registered Users 2 Posts: 1,829 ✭✭✭KerranJast


    thebaz wrote: »
    does anyone actually know anyone who has an account with Anglo Irish ?

    Lets bail out a bank that only offered its services to a golden circle of about 10 - if we have to pay out for their losses why did they not share out their profits in the good days ....
    From another thread
    nesf wrote:
    35 odd billion owed to depositors
    35 odd billion owed to senior debt holders
    2 billion owed to subordinated debt holders
    The vast bulk of depositors are ordinary Joe Soaps who had money in there to make a meagre few euro on interest. It's impossible to write that off without causing a run on the Bank.

    Senior debt holders are pension funds, foreign insurance firms and other similar powerful financial forces. They very people Ireland (the State) is borrowing money from to run the country. Pissing those people off by defaulting on that debt is incredibly risky for the country.

    Subordinated debt holders knew the risks and got a high return in exchange. IMO they shouldn't have been covered by the guarantee but in fairness the new board of Anglo has managed to reduce that debt down from €5B to around €2B and could get that down to €1B.


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