NAMA: Are these property developers still wealthy?

Dionysus

Straightforward question: Are the property developers who owe the billions and hundreds of millions which NAMA/Irish taxpayer is taking over still allowed to be independently wealthy?

At least one - Paddy Kelly - still has his house in Shrewsbury Road. Why is this allowed when we are taking well over €1billion of his debt? Are Seán Mulryan, Seán Dunne, Bernard McNamara, Paddy McKillen; Johnny Ronan and Richard Barrett; Michael O’Flynn; Derek Quinlan, Joe O’Reilly; Gerry Gannon and Gerry Barrett still living in luxury?

The above names: http://www.businessandleadership.com/leadership/news/article/20112/

Or are they renting and on the social housing list? If they are not in this position, how can this be justified by Fianna Fáil which is bailing them out, and Fine Gael/Labour which is remaining very quiet about it?

tolosenc

They probably had limited liabilty companies. Personal assets will never come into it.

Or something.

Way too serious for AH...

genericguy

Dionysus wrote: »

If they are not in this position, how can this be justified by Fianna Fáil which is bailing them out, and Fine Gael/Labour which is remaining very quiet about it?

fine gael and labour are not in power, and can't do anything. fianna fail are mates with the developers, and won't do anything.

Sofa King Great

Dionysus wrote: »

Straightforward question: Are the property developers who owe the billions and hundreds of millions which NAMA/Irish taxpayer is taking over still allowed to be independently wealthy?

At least one - Paddy Kelly - still has his house in Shrewsbury Road. Why is this allowed when we are taking well over €1billion of his debt? Are Seán Mulryan, Seán Dunne, Bernard McNamara, Paddy McKillen; Johnny Ronan and Richard Barrett; Michael O’Flynn; Derek Quinlan, Joe O’Reilly; Gerry Gannon and Gerry Barrett still living in luxury?

The above names: http://www.businessandleadership.com/leadership/news/article/20112/

Or are they renting and on the social housing list? If they are not in this position, how can this be justified by Fianna Fáil which is bailing them out, and Fine Gael/Labour which is remaining very quiet about it?

There was an article in the Irish Times the other day about Paddy Kelly.

They are poor compared to where they once were but grossly wealthy in comparison to where most of us will ever be.

Insane Rambling

There not wealthy... their wives on the other hand are very well off !

Gavin "shels"

there loaded, sure Gerry Gannon can throw 1.5 billion into NAMA and then still pump thousands into the endless money pit that's Sporting Fingal FC

Kevin Bacon

No, it is immoral.

tolosenc wrote: »

They probably had limited liabilty companies. Personal assets will never come into it.

Or something.

Way too serious for AH...

This is the exact reason.

Capitalism, such a cruel mistress.

ejmaztec

Their wives have probably got a bit of a nest-egg, a dinosaur nest-egg.

Einhard

Eh, your poll is a bit loaded to be honest, and isn't really related to the title of the thread. You want us to give you our opinion, or confirm your own?

Dionysus

Einhard wrote: »

You want us to give you our opinion, or confirm your own?

I suspect you will do both.;)

danbohan

No, it is immoral.

Dionysus wrote: »

Straightforward question: Are the property developers who owe the billions and hundreds of millions which NAMA/Irish taxpayer is taking over still allowed to be independently wealthy?

At least one - Paddy Kelly - still has his house in Shrewsbury Road. Why is this allowed when we are taking well over €1billion of his debt? Are Seán Mulryan, Seán Dunne, Bernard McNamara, Paddy McKillen; Johnny Ronan and Richard Barrett; Michael O’Flynn; Derek Quinlan, Joe O’Reilly; Gerry Gannon and Gerry Barrett still living in luxury?

The above names: http://www.businessandleadership.com/leadership/news/article/20112/

Or are they renting and on the social housing list? If they are not in this position, how can this be justified by Fianna Fáil which is bailing them out, and Fine Gael/Labour which is remaining very quiet about it?

depends on your idea of independantly wealthy , i am sure 99.9% are richer than the average guy will ever be and have many many millions safely tucked away , good for them if they have ,too many begrudgers in this country!

Dionysus

Sofa King Great wrote: »

They are poor compared to where they once were but grossly wealthy in comparison to where most of us will ever be.

I don't doubt that. But when their risks have cost us so much, how moral is it for them to remain wealthy?

These people owe more than they possess but because of the legal system in Ireland, they remain rich despite this. That is immoral. And dishonest. And spineless; if I owe somebody money, I pay them. These people should not have a cent while their risks result in electricians, brickies, carpenters and many other people remaining unpaid. For the state to bail out these people in this context is immoral.

And Lenihan and the like lecture us, the plebs, about "patriotism"....

fontanalis

danbohan wrote: »

depends on your idea of independantly wealthy , i am sure 99.9% are richer than the average guy will ever be and have many many millions safely tucked away , good for them if they have ,too many begrudgers in this country!

If they got it through honest work good for them, it's now obvious some of these men can't run a business. They benefited from a glorified slush fund in the form of Anglo which everyone is nowing paying for.

Dionysus

danbohan wrote: »

depends on your idea of independantly wealthy , i am sure 99.9% are richer than the average guy will ever be and have many many millions safely tucked away , good for them if they have ,too many begrudgers in this country!

Yes, how dare people begrudge these parasites their parasitism. We should just shut up, pay their (massive) bills and admire them for remaining wealthy while we take their debts. Wake up. Admire them?

No wonder Ireland is the way it is with certain people acting as doormats, and limiting their contributions to depressing "go on ya boya" utterances.

Einhard

Dionysus wrote: »

I don't doubt that. But when their risks have cost us so much, how moral is it for them to remain wealthy?

These people owe more than they possess but because of the legal system in Ireland, they remain rich despite this. That is immoral. And dishonest. And spineless; if I owe somebody money, I pay them. These people should not have a cent while their risks result in electricians, brickies, carpenters and many other people remaining unpaid. For the state to bail out these people in this context is immoral.

And Lenihan and the like lecture us, the plebs, about "patriotism"....

You make a good point, but the laws that are applied to them are the exact same as those which apply to everyone else. The law can't be based on caprice and public opinion. It's not an ideal situation, but the alternative is to seize assets legitimately held by the spouses and family of the developers. Which, to my mind, would be unjust, and also set a very dangerous precedent.

Trekker09

Wots NAMA?

moonpurple

rosanna davidson went down to morroco and spread her legs for johnny ronan and his private jet there a while back,

they are laughing all the way out of the bank


at the little people of ireland, 96 per cent of ireland
:pac:

danbohan

No, it is immoral.

Dionysus wrote: »

Yes, how dare people begrudge these parasites their parasitism. We should just shut up, pay their (massive) bills and admire them for remaining wealthy while we take their debts. Wake up. Admire them?

No wonder Ireland is the way it is with certain people acting as doormats, and limiting their contributions to depressing "go on ya boya" utterances.

parasites? the option was there for everybody to make money like they did if you wanted to , but no most people would not have d bal:: s to try it , now they are the bigest moaners . you said it exactly, shut up and pay up,you wont have a choice and in few years when you are paying 60%~+ of your income in tax thease guys will be sipping champage on a yacht in med and having a laugh at the '' little people '' paying for it all . good for them

Einhard

moonpurple wrote: »

rosanna davidson went down to morroco and spread her legs for johnny ronan and his private jet there a while back,


:pac:

She managed to take his private jet too?? :eek:

Now there's a party trick!

fontanalis

danbohan wrote: »

parasites? the option was there for everybody to make money like they did if you wanted to , but no most people would not have d bal:: s to try it , now they are the bigest moaners . you said it exactly, shut up and pay up,you wont have a choice and in few years when you are paying 60%~+ of your income in tax thease guys will be sipping champage on a yacht in med and having a laugh at the '' little people '' paying for it all . good for them

They may have had balls, just a pity about the brains.
Actually that post makes me weep.

danbohan

No, it is immoral.

fontanalis wrote: »

They may have had balls, just a pity about the brains.
Actually that post makes me weep.

they had the balls and the brains , unfortunatley the irish taxpayer has neither !

easyeason3

No, it is immoral.

I voted yes by accident