NAMA finally move against their main target

[2Pack]

No it ain’t Bernard Seán Paddy Gerry Tom or whatever your favourite deadbeat developer is called. NAMA are spending the €1000 an hour legal fee packages chasing NAMAWINELAKE

namawinelake.wordpress.com/2013/ … lake-blog/

This evening, communication has been received from Hayes Solicitors, acting on behalf of NAMA, threatening that unless a commitment is given not to publish the table referred to in this blogpost, then NAMA will seek “injunctive relief” to prevent such publication.

The blogpost does not appear to contain a table. I will quote from it all the same.

What is exceptional is that John’s (John is a developer …2Pack) affidavit reveals evidence that NAMA is sharing, or at least shared in John’s case, details of loans owing by people connected to John, but also people unconnected to John directly but merely connected to borrowers who are in turn connected to John. Not just that, but NAMA seemingly disclosed not just the par value or nominal value of the loans but the value at which the loans were acquired by the Agency.

John claims the details were given by an employee of NAMA,** Padraig Reidy**, to John’s financial advisers. In his affidavit, John claims that since these proceedings have started (in January 2013) NAMA has been in touch with John’s financial advisers “asking that they destroy” the loans listing. John appears surprised that he was given a listing of loans which includes “individuals and entities with which [he has] no connection whatsoever and with whom [he has] no joint or several liability to NAMA”.

So NAMA is spending the big €€€s paying solicitors to chase Highly Reputable Sources Like NAMAWINELAKE who name their own employees when said minions get involved in dodgy dealings with Financial Advisers counterparties associates whatever…not that ** Padraig Reidy** from NAMA is alleged to have benefitted personally unlike the Enda Farrell and Alice//Ernst and Young NAMA circus from last year may on the face of it appear to have involved someone who benefitted personally or at least sought to.

But this ** Padraig Reidy** should not be spending a fortune of taxpayers money seeking injunctive relief on behalf of NAMA for his ( ** Padraig Reidy**) going too far in disclosing information gleaned by NAMA to third parties.

We like Namawinelake around here, maybe ** Padraig Reidy** is 2Packs old mucker Landlord in which case shouts dude but somehow I doubt it.

Final quote from NWL

The co-borrowers include Jack Ronan

I’m nearly trending to side with Johnny Ronan over this ** Padraig Reidy From NAMA** all the same. Never thought I’d see the day…and I never thought I’d see some overpaid legal greaseball threaten NWL either.

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