Here's my initial list.................
- If NAMA is so transparent how come they won't disclose what properties they are buying or who the developer is that is involved?
- If NAMA is so independent how come the NAMA executive are restrained from commenting on decisions about property portfolios they will be purchasing?
- If NAMA is so independent how come Brian Lenihan reserves the right to tell NAMA to reconsider offers on particular sites, take a site bought in Ballsbridge for say €400 million and NAMA offer €200 million. Then Mr Lenihan can tell NAMA to reconsider the offer made to a man who is a close friend of the Taoiseach who first appointed Mr Lenihan a minister - can this be right?
- Apart from the obvious madness of paying more than something is worth, it is quite clear the whole process is open to interference and collaboration between Fianna Fail and the developers.
- Unemployment has rocketed, huge amount of people have taken significant pay cuts and against that background the government wants to introduce a bail out that can only work if house prices increase!!!
Given all of the above, is it any wonder that shares prices in the major banks have already risen by around 2000% since the NAMA scheme was announced? It hardly augurs well for the taxpayer....
For all the reasons set out above I willl be supporting the March on Saturday @ 1pm from the Garden of Rememberance and would encourage others to do likewise.
Roy
- If NAMA is so transparent how come they won't disclose what properties they are buying or who the developer is that is involved?
- If NAMA is so independent how come the NAMA executive are restrained from commenting on decisions about property portfolios they will be purchasing?
- If NAMA is so independent how come Brian Lenihan reserves the right to tell NAMA to reconsider offers on particular sites, take a site bought in Ballsbridge for say €400 million and NAMA offer €200 million. Then Mr Lenihan can tell NAMA to reconsider the offer made to a man who is a close friend of the Taoiseach who first appointed Mr Lenihan a minister - can this be right?
- Apart from the obvious madness of paying more than something is worth, it is quite clear the whole process is open to interference and collaboration between Fianna Fail and the developers.
- Unemployment has rocketed, huge amount of people have taken significant pay cuts and against that background the government wants to introduce a bail out that can only work if house prices increase!!!
Given all of the above, is it any wonder that shares prices in the major banks have already risen by around 2000% since the NAMA scheme was announced? It hardly augurs well for the taxpayer....
For all the reasons set out above I willl be supporting the March on Saturday @ 1pm from the Garden of Rememberance and would encourage others to do likewise.
Roy