Implement debtors' prison for NAMA's most heavily endebted developers

Slideshowbob

That's my hypothesis! Start at the top with these three:

http://www.independent.ie/business/irish/three-property-developers-owe-nama-more-than-euro2bn-each-2834190.html

With the collapse of the property market, the assets they have are very unlikely to make a profit over the next 10, 20, 30, whatever amount of years.

How else can justice ever seen to be done!?

Or will our anger towards these cowboys diminish over time!?

Opinions?

SBWife

Right so the taxpayer pays an additional €77,222 per year to house. cloth and feed them - that'll help solve our problems.

mrgaa1

WHY? surely its the eejits in the banks who lent the money out should face jail time

ardmacha

No need for bread and water. House arrest in a NAMA owned apartment block would do the trick and cost little enough.

ILikeBananas

SBWife wrote: »

Right so the taxpayer pays an additional €77,222 per year to house. cloth and feed them - that'll help solve our problems.

Totally worth it.

Solnskaya

lol-I sat beside two nama officials as they conducted a meeting with a guy I know who owes 100+ mil, they looked to be enjoying their breakfast together, but the nama guys looked a bit bored tbh. Not gonna happen-business as almost usual for the big guys.

Cookie_Monster

+1 to the above

Did you see the news last night, the NAMA guy reading out the list of hotels etc they now own, doing his best not to break his hole laughing at it :rolleyes:

Slideshowbob

Cookie_Monster wrote: »

+1 to the above

Did you see the news last night, the NAMA guy reading out the list of hotels etc they now own, doing his best not to break his hole laughing at it :rolleyes:

Indeed saw that. Ain't it all hilarious and him on his fat salary

waffleman

Cookie_Monster wrote: »

+1 to the above

Did you see the news last night, the NAMA guy reading out the list of hotels etc they now own, doing his best not to break his hole laughing at it :rolleyes:

Well no-one in their right mind takes any of this NAMA rubbish seriously and he knows it - no point tryin to hide it.

Einhard

Would there be room in this prison for Mick Wallace, or will we make an exception for those debtors who we like?

Laminations

Prison should be reserved for criminals and frauds. Instead seize all their assets and family assets regardless of personal guarantees. I and the people of Ireland certainly didn't give personal guarantees when these people took out loans yet their losses and debts are socialised nationally. Just keep them socialised within the family. Yeah it's tough luck but I'd rather see the few suffer a lot for a lifestyle they enjoyed than the nation suffer indiscriminately.