Do you ever get fed up of being right? Having insight into the irish mindset is really a curse. The latest from NAMA chief Daly is that they want to sell their portfilios back to the developers (at a loss of course). Many saw this coming when NAMA was set up, although we were assured that this wouldn’t happen.
If Daly and associated freeloaders can’t do their job by finding a buyer for the property loans that the taxpayer “bought” from the banks, payed for by the taxpayer, to somebody other than the developer, then they should be fired and NAMA portfolios handed over to a receiver to be sold on the open market. But no, NAMA are hamstrung and at a market disadvantage 'cos they can’t sell back to the developers. What sort of sh*t is this.
It doesn’t appear to concern Daly that if a developer can buy back their loans even at a knock down price, they have money and can afford to service these loans for the present.
I think they are flying a little blind on this. You can’t get away with blatant thievery like this.
Well, you can for a while. But things are not, are most certainly not, going to stay as sunny in this country as they are now. I would not trade places with any of these pricks. There are paper trails to them, and chaos is closer than any of them would like to suspect.
Okay, firstly, I must admit I was benefiting from the effects of a late dinner, if you know what I mean.
And secondly, I meant the next line. You can get away with it, but not for ever. There was a quote on someone’s sig for a long time, “if something can’t go on forever, then it has to stop” or something like that, and this is what I mean.
The thievery was less blatant before, this is just ridiculous. They are doing it publicly, now, and that means they will be easier to find later.
It might be a while, and it won’t be nice, but they will be held accountable.
Sorry to disappoint you Gwavin but history shows us that ,in this country, this type of thievery, public or not, is know but not prosecuted.
There is huge conflict of interest such that those who would be doing the enfocements are right up to their neck in it themselves.
It’s been corrupted from the get go.
Like I’ve mentioned before the writing or the legislation, huges legislation like this must have meant that big senior civil servants were at the core of the motives to get this written up and passed very pronto, along with the banking guarnatee, it’s been a big planned event.
The boys are all in a big boys club. Went to same shcools and same colleges. Partners in crime.