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€5m Bonanza for NAMA Developers

  • 26-07-2013 10:11pm
    #1
    Avatarr
    Registered Users, Registered Users 2 Posts: 150 ✭✭


    PROPERTY developers Johnny Ronan and Richard Barrett are in line to get almost €5m each from the tax payer-owend National Asset Management Agency and liquidators as part of a complex deal which will also see the two men paying money to the official liquidators of Treasury Holdings.

    http://iti.ms/13iLDoC

    :eek:

    This surely cant be true? Can it?


Comments

  • #2
    MadsL
    Registered Users, Registered Users 2 Posts: 20,299 ✭✭✭✭MadsL


    Richard Barrett to get ‘no strings attached’ sum if Mr Justice Peter Kelly approves deal

    He's impressed me so far...C'mon Justice Kelly - tell him to get the 'f*ck out.


  • #3
    AlekSmart
    Registered Users, Registered Users 2 Posts: 14,005 ✭✭✭✭AlekSmart


    Avatarr wrote: »
    PROPERTY developers Johnny Ronan and Richard Barrett are in line to get almost €5m each from the tax payer-owend National Asset Management Agency and liquidators as part of a complex deal which will also see the two men paying money to the official liquidators of Treasury Holdings.

    http://iti.ms/13iLDoC

    :eek:

    This surely cant be true? Can it?

    The very fact that NAMA's Directors can bring this crock'o shytt before the Public,let alone a Court speaks volumes about what the true purpose of the entity is all about.....Hint....It has SFA to do with protecting the PUBLIC interest.

    PUBLIC stuff is all about 'po Folks who work n'stuff.......these luminaries are far above that madding crowd for sure......If there is a God,I sure hope he/she is whispering in Peter Kelly's ear right now !


    Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.

    Charles Mackay (1812-1889)



  • #4
    MadsL
    Registered Users, Registered Users 2 Posts: 20,299 ✭✭✭✭MadsL


    AlekSmart wrote: »
    The very fact that NAMA's Directors can bring this crock'o shytt before the Public,let alone a Court speaks volumes about what the true purpose of the entity is all about.....Hint....It has SFA to do with protecting the PUBLIC interest.

    PUBLIC stuff is all about 'po Folks who work n'stuff.......these luminaries are far above that madding crowd for sure......If there is a God,I sure hope he/she is whispering in Peter Kelly's ear right now !

    NAMA is 51% privately owned is it not?


  • #5
    AlekSmart
    Registered Users, Registered Users 2 Posts: 14,005 ✭✭✭✭AlekSmart


    MadsL wrote: »
    NAMA is 51% privately owned is it not?

    I'm pitching my tent outside the CRO right this minute......:D


    Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.

    Charles Mackay (1812-1889)



  • #6
    Slideshowbob
    Registered Users, Registered Users 2 Posts: 2,460 ✭✭✭Slideshowbob


    So these guys owe how many million / billion in debt - and they still get a 5m payout?

    What a crazy world


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  • #7
    Avatarr
    Registered Users, Registered Users 2 Posts: 150 ✭✭Avatarr


    Slideshowbob wrote: »
    So these guys owe how many million / billion in debt - and they still get a 5m payout?

    What a crazy world

    Nama pays 100,000 salaries to 66 builders. 102 paid less than 100,000, 28 paid more than 150k, top 3 paid 200k. Last 3 years the banks have been paid 100mil to manage various debtors and loans on Nama's behalf, even though Nama took the same loans off the banks balance sheets. :mad:


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