potential debt forgiveness for developers

7sr2z3fely84g5

http://www.breakingnews.ie/ireland/report-nama-enters-debt-forgiveness-talks-with-developers-514906.html

It has been reported that NAMA is entering debt forgiveness talks with a number of property developers.

The Sunday Times has reported that around €37.5bn worth of loans given by banks to these developers will never be recovered.

This means the developers will escape from up to 60% of their liabilities.

In order to qualify, the developers will have to co-operate fully with the agency.

Karl Deeter of Irish Mortgage Brokers has said the taxpayer is being hit with a huge bill.

Looks like the small people are set to be screwed again,so you actually be rewarded now for debt?.

Ulysses Gaze

Kellan Raspy Usher wrote: »

http://www.breakingnews.ie/ireland/report-nama-enters-debt-forgiveness-talks-with-developers-514906.html



Looks like the small people are set to be screwed again,so you actually be rewarded now for debt?.
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This was always the plan.

Let the peons take the pain while our great 'Entrepreneurs' lord it over the rest of us.

7sr2z3fely84g5

i look forward to an FF minister appearing on tv saying how scandalous this is :rolleyes:

MungBean

Only way this should happen is if the developers are declared bankrupt for life. Everything they have should be confiscated and to recoup as much as possible. I'm not talking just properties involved in NAMA and holiday homes. I'm talking EVERYTHING. These people should be reduced to paupers with nothing in their name, never again let to own a property or be involved in any way shape or form with any kind of business and taxed 100% on anything they earn over 188 Euro a week.

squod

Only read that in the paper just now. That little quear has made my stomach turn once again. The FF/FG mates versus the citizen, citizen loses again!

Kojak

Kellan Raspy Usher wrote: »

http://www.breakingnews.ie/ireland/report-nama-enters-debt-forgiveness-talks-with-developers-514906.html



Looks like the small people are set to be screwed again,so you actually be rewarded now for debt?.
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Jesus, that is fúcking annoying - so these fúckers get debt forgiveness while the poor lad trying to pay off a mortgage on a house that has halved in value will not be forgiven by the banks.

What chance that some of these developers will get back into the property game within a few years when they get forgiven completly.

They should NEVER be forgiven imo.

7sr2z3fely84g5

Bankers,developers,priests,former FF ministers with their families should be lined up and shot or given a public hanging.

We did this with the former nazis and this shower are not much better,created misery for generations to come.

end of rant.

Hal Emmerich

Kellan Raspy Usher wrote: »

Bankers,developers,priests,former FF ministers with their families should be lined up and shot or given a public hanging.

We did this with the former nazis and this shower are not much better,created misery for generations to come.

end of rant.

Don't forget the media and the dozens of "expert economists" saying how great we all were.

Zebra3

Ulysses Gaze wrote: »

This was always the plan.

Let the peons take the pain while our great 'Entrepreneurs' lord it over the rest of us.

Spot on.

Meanwhile more cuts and tax increases for the ordinary punter on the way.

What did people really expect though when they stopped voting for FF and voted for FG instead? :rolleyes:

As for Labour...left wing my swiss. :mad:

amacca

Kellan Raspy Usher wrote: »

Bankers,developers,priests,former FF ministers with their families should be lined up and shot or given a public hanging.

We did this with the former nazis and this shower are not much better,created misery for generations to come.

end of rant.

bankers : nearly all of the colluding ceos & nearly all of the board members..the others not really
developers: a lot of them in fairness..but some were caught unawares etc
priests: im not particularly religious but plenty of priests don't deserve being shot or given a public hanging..some are very decent people

ff ministers...yeah, why not:D

dlofnep

Time for Easter Rising, the sequel.

ilovesleep

Why isn't the nation coming to a griding striking halt in protest against this utter abuse and discrimination?

This news is going to encourage many to be dishonest and people would prefer to get their knickers in a twist over scroungers and would love to get one over on their neighbour and the little man on the street who may do some nixers to earn extra cash. At the same time give out about all and sundry like for example single mothers, lump them all into the same category of the rare breed that would make a lifestyle out from having kids. Also, at the time sit idly by and allow for the biggest scroungers in the country to live happily ever after, after the damage they have caused, continuing on with their golfing lifestyles while the nation suffers with austerity.

dlofnep

ilovesleep wrote: »

Why isn't the nation coming to a griding striking halt against this utter abuse and discrimination?

Because anyone who protests are called 'crusties'. Ireland as a spineless population. That's about the bones of it.

Haelium

ilovesleep wrote: »

Why isn't the nation coming to a griding striking halt in protest against this utter abuse and discrimination?

Because we're a country of idiots who deserve what we get due to our unwillingness to storm the dail.

amacca

ilovesleep wrote: »

Why isn't the nation coming to a griding striking halt in protest against this utter abuse and discrimination?

because the population isn't united by shared adversity yet...lots of people still working...lots of people with something to lose eg: savings in their bank accounts etc.....the grinding striking halt could jeopardise their assets etc as things stand

the grinding striking halt could come over the next year/couple of years/maybe even after next budget when a larger proportion of people aren't left with a pot to piss in...if that happens

and even then it might not change the situation much imo

Wicklowrider

I wonder is it possible, if enough people unite, to sue at least some of the politicians, bankers and developers. Surely some action is better than none. There is bound to be a hard nosed solicitor (who'll make a lot of money) competent enough to do this.

galwayrush

Annoying that FF's master plan could not be stopped.:mad:

Freddie59

Kellan Raspy Usher wrote: »

http://www.breakingnews.ie/ireland/report-nama-enters-debt-forgiveness-talks-with-developers-514906.html



Looks like the small people are set to be screwed again,so you actually be rewarded now for debt?.
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Those BASTARDS. they'll go on their merry little way, while generations pay the price. What asshole politicians we have. This country sickens me.

Liam Byrne

Words fail me. Who wants to buy Inisivickillane or Achill and set up a decent independent society there ?

galwayrush

2 Galway based builders i have dealt with are in NAMA, both owe me and quite a few others a lot of money, both were able to splash out on the Galway Races every day in style, i could not afford to go any day. Bastards.

amacca

galwayrush wrote: »

2 Galway based builders i have dealt with are in NAMA, both owe me and quite a few others a lot of money, both were able to splash out on the Galway Races every day in style, i could not afford to go any day. Bastards.

there is something very wrong with that...if you can afford to splash out on the Galway Races then you can afford to pay what you owe

Richard tea

I read in the sunday world that 180 people that borrowed 62 billion between them caused this mess:eek: Is this true

Muckie

Boils down to accountablity and morals, a certain breed of Irish people
lack it, only crime is getting caught, if you do, what loop hole can i find and how do i get out of it.

Be you a dole fiddling scum bag, or a banking/developer/poor farmer, insert your own crook. If there not locked up for their crimes, justice will never be done and we'll all trundle on while taxes, sleath charges are applied to please the IMF, we're just screwed.

amacca

Richard tea wrote: »

I read in the sunday world that 180 people that borrowed 62 billion between them caused this mess:eek: Is this true

imo its not true ....lenders and those regulating them + our establishment, the judiciary and large swathes of the electorate as well as the borrowers contributed to this mess



(bad debts of 62 billion however could well be attributed to 180 people or less in fact given the shenanigans that went on I'm surprised the money isn't higher and the number of people lower)

mackg

Liam Byrne wrote: »

Words fail me. Who wants to buy Inisivickillane or Achill and set up a decent independent society there ?

Or we could buy it, build a load of apartments and sell it for a profit.

Joking aside not a bad idea.

beagle001

galwayrush wrote: »

2 Galway based builders i have dealt with are in NAMA, both owe me and quite a few others a lot of money, both were able to splash out on the Galway Races every day in style, i could not afford to go any day. Bastards.

Name those people its the only wa,I see those nama developers in Galway still driving the flash car,stil going to the 5 star hotel.