Are NAMA Developers a protected species?

Slideshowbob

Bad gambles and now they are offered 200k a year and a cut of profits on their written down loans.

Anyone else think they are the most protected category of business person ever in Ireland?

Has any other sector ever been afforded such succour?

Seth Brundle

Slideshowbob wrote: »

Has any other sector ever been afforded such succour?

Bankers?

Crazy Horse 6

NAMA was set up to protect the elite, get over it.

dissed doc

Slideshowbob wrote: »

Bad gambles and now they are offered 200k a year and a cut of profits on their written down loans.

Anyone else think they are the most protected category of business person ever in Ireland?

Has any other sector ever been afforded such succour?

What's your problem?

They are the all-fantastic and super-amazing wealth generating Irish private sector, they deserve every euro of that 200k being borrowed from the ECB.

Slideshowbob

kbannon wrote: »

Slideshowbob wrote: »

Has any other sector ever been afforded such succour?

Bankers?

Are you saying all those bankers that made bad lending decisions in Ireland between 03 and 07 are still working in the Irish banking sector?

thebman

Slideshowbob wrote: »

Bad gambles and now they are offered 200k a year and a cut of profits on their written down loans.

Anyone else think they are the most protected category of business person ever in Ireland?

Has any other sector ever been afforded such succour?

Here is a pretty good article on it I think:
http://namawinelake.wordpress.com/2011/04/20/the-drowned-and-the-saved-10-developers-from-the-nama-top-30-not-expected-to-make-it/

Seth Brundle

Slideshowbob wrote: »

Are you saying all those bankers that made bad lending decisions in Ireland between 03 and 07 are still working in the Irish banking sector?

Are you suggesting that they aren't?

Slideshowbob

kbannon wrote: »

Are you suggesting that they aren't?

So they are? How scarey eh!

Although banking now and then has changed!

Dob74

Slideshowbob wrote: »

Bad gambles and now they are offered 200k a year and a cut of profits on their written down loans.

Anyone else think they are the most protected category of business person ever in Ireland?

Has any other sector ever been afforded such succour?

Sums up the stupidity of our corrupt political system.
Labour shouted most about NAMA, now they are mute.
We are screwed, the incompetent get rewarded

thebman

Dob74 wrote: »

Sums up the stupidity of our corrupt political system.
Labour shouted most about NAMA, now they are mute.
We are screwed, the incompetent get rewarded

I still thing this will lead to fringe parties coming forward in the next election such as SF and SWP. People aren't that stupid that they won't know the problems aren't fixed such as dodgy planning decisions, dodgy loans and certain people being favored due to political links or political donations.

FG/Labour were elected on political reform agendas and if they don't get something reasonable done by the next election,they should be toast.

femur61

Who have we to balme but ourselves. My friend was telling me Sat night about a mutual friend of ours who treats her husband like dirt making constant demands. It is awful on her part, but hasn't the husband some blame to take in it too, he doesn't stand up to her at all. Bit like us and politics, we complain via cyberspace and a few written letters in the nationals, but thats all.

We voted the shower in before our present government who have their hands tied by the IMF/EU. People complain now that our income tax is going to go up SW will be cut but really, how did people think the money was going from cuts to PS wages or pensions? They still give massive golden handshakes to PS/CS, how many SNAs could be employed from one golden handshake?

I wonder if its to do with how we love property in Ireland,

You rarely see articles in the papers praising and or deriding an Irish business man who has made his money manufacturing plastic bits, its as if all other form wealth and business is somehow lesser in Ireland that anything to do with banking or property development.

thebman

mariaalice wrote: »

I wonder if its to do with how we love property in Ireland,

You rarely see articles in the papers praising and or deriding an Irish business man who has made his money manufacturing plastic bits, its as if all other form wealth and business is somehow lesser in Ireland that anything to do with banking or property development.

Well that is mostly the Irish press who get ads in their papers from people involved in such businesses.

You rarely see the guy making plastic bits advertising in the paper so the paper doesn't want to know about him.

Same way telecommunication companies like O2/Vodafone/Meteor advertise a lot in papers and get articles and Imagine did it with their WiMAX when it came out and same types of articles.

Many of our newspapers seem to be like the Metro but charge you for the privilege of reading them.

RichieO

They can do WTF they like, it's only tax payers money, and the Financial Regulators are looking the other way, just like they did before..... We are so totally screwed...

Maura74

Total disgrace if you ask me, when ordinary joe public are going to lose their home because of these greedy s**ts. All the politicians are up to their eyes in corruptions as well.....

http://www.rte.ie/news/2011/1026/nama.html

Mr. Incognito

Slideshowbob wrote: »

So they are? How scarey eh!

Although banking now and then has changed!

Indeed it has- back in the boom our banks borrowed money from Germany and handed it out as fast as they could attaching Interest.

Then Property crashed and we gave them our FREE money to insulate them from any losses and now they won't loan any out and still want their German Money back WITH INTEREST