What’s interesting about the Senator’s reply is that you get all the Government spin and waffle in one place. Now that we know their “spin”, we can negate its errors.
Here is the actual result of the “Preferendum” at the recent Green Party conference in Athlone. It has just been released to the members. While it is true that the largest number of points went to an option favouring a version of NAMA, this still represented less than 25% of the support, and the support for ANY version of NAMA was less than 40%. Furthermore, the version of NAMA that was favoured was one that incorporated CURRENT MARKET VALUATIONS. (Whether this could be called NAMA at all is a moot point.) It’s all to play for, folks.
O P T I O N S Points [Consensus co-efficient]
A MARKET FORCES, BANKS MAY FALL, FOREIGN/STATE/IRISH BANKS MAY BUY, OR GREEN BANKS 411 [0.49]
B NAMA AS IS 387 [0.46]
C NAMA + BANK REGULATION + PARTIAL NATIONALISATION + MEASURES AGAINST SPECULATION ON NAMA ASSETS + RISK SHARING + CURRENT MARKET VALUATIONS + GREEN ECONOMICS* + SOCIAL QUOTIENT 657 [0.78]
D “THE SWEDISH MODEL” MULTIPLE AMCs WITH INSOLVENT BANKS PLACED IN PUBLIC TRUST 563 [0.67]
E “GOOD BANK” 369 [0.43]
F TOTAL NATIONALISATION; TRUSTS RUN LOCAL BANKS 383 [0.45]
GREEN ECONOMICS MEANS ALL SUGGESTIONS ON TRANSPARENCY, SOCIAL JUSTICE, PROVISIONS FOR THE POOR AND THOSE ON NEGATIVE EQUITY, SUSTAINABILITY, A ‘NO-GROWTH-ECONOMY’ AND THE PLANNING ACT.