Vested interest - Peter Bacon, architect of the NAMA is a director of Ballymore Homes, one of the biggest house builders in the UK and Ireland!! Crazy!! Those banks should have been nationalised, shareholders told to lump it and the developers forced to sell for what they could. We would have deflated our way out of unemployment. But the establishment will protect thier property. Fuck them all.
PS He wears cuff links too!! First against the wall…
Doesn’t matter if he has shares. He is a Director of a house building company.
Doesn’t matter if he resigns either because we all know about the ‘wink and the nod’ culture.
Not saying he is corrupt or doubting his integrity at all but this single fact rules him out in my opinion.
This qualifies his comments “I’m not a moralists” somewhat.
So let me get this straight as I haven’t had much time these last 3 days to read the pin or digest what actually going on.
We have an “economist” who is also “property developer”, unelected by the people of Ireland proposing that the taxpayer i.e. the Irish people should buy the toxic waste of the Irish financial & political elite. Now have i got that right now?
Seriously who the fuck is Peter Bacon… its time to do some more digging.
Ok he may not be any more but there is a smell and it needs to be explained.
That last bit about the the Banks are not Happy. With what a NAMA world or A Pre NAMA world whence they would have to carryout and hold the writedowns on the books? Excuse my utter ignorance here.