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President signs NAMA Bill into law

This is a discussion on President signs NAMA Bill into law within the Economy forums, part of the Topical Discussion category on Politics.ie. The President Mary McAleese has signed the bill to establish NAMA. Ms McAleese has put pen to paper on the ...

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Old 22nd November 2009
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Exclamation President signs NAMA Bill into law

The President Mary McAleese has signed the bill to establish NAMA.

Ms McAleese has put pen to paper on the National Asset Management Agency Bill 2009 at Áras an Uachtaráin

Read more: President signs NAMA Bill into law | BreakingNews.ie

No going back now lets hope it works.
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Old 22nd November 2009
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I used to like Mary McAleese. Whatever anyone thinks of the position of President in this country, I have always supported the notion that we should have one - I still do.

But this has thrown the office into disrepute. This is the biggest theft, the biggest con ever perpatrated on the people of Ireland that allowing it to happen is a crime in itself.

This is a breach of her oath to the people I have no doubt and she should now be removed from office.
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Old 22nd November 2009
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Quote:
Originally Posted by Skin View Post
I used to like Mary McAleese. Whatever anyone thinks of the position of President in this country, I have always supported the notion that we should have one - I still do.

But this has thrown the office into disrepute. This is the biggest theft, the biggest con ever perpatrated on the people of Ireland that allowing it to happen is a crime in itself.

This is a breach of her oath to the people I have no doubt and she should now be removed from office.
Yeah, it is all her fault.
Not the fault of the 81 TDs who voted for it.
Or the nearly twenty TDs - including enda kenny - who did not turn up to vote against it.
Not the dept of finance doing the banks' bidding.
Not the ecb and commission who are allowing it happen.
Not the collusion of the media - reliant on credit and bank advertising - for their half-hearted criticism.
Not the indifference of an ignorant public.

But you blame the one person who had to sign it or send it to the Supreme Court to be insulated from any further challenge.
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Old 22nd November 2009
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What is the point of a president?

She dosent do anything except take home a very large wage thanks to the Irish tax payer.

If we just need someone to sign documents there are over 400,000 people who can do the job for free.


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Old 22nd November 2009
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This is a breach of her oath to the people I have no doubt and she should now be removed from office.
No it isn't. You don't know what you are talking about.

1) It is the Dáil, not the Seanad and not the president, which decides the contents of bills. The Seanad can propose amendments, but if the Dáil decides to it can override it. The President has NO say whatsoever over what bills are passed and what their contents are.

2) The President of Ireland has no veto power. All she can do is refer a bill to judicial review - something which would have been a bad idea with NAMA because once reviewed under a presidential review an Act can never ever be reviewed again, even if a glaring legal problem crops up later. She can also refer a bill to the people but only if petitioned by one-third of the Dáil and a majority of the Seanad. She received no petition. So she had no choice but to sign the bill. That is her job. Your knowledge of constitutional law sounds like it came from a comic. It certainly didn't come from anyone with even the slightest understanding of constitutional law.
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Old 22nd November 2009
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Yeah, a lot people are blaming the banks, developers and politicians, but what about the public? In September, approximately 29% of the public supported NAMA:

Support for Nama has fallen since Dáil debate on issue - The Irish Times - Mon, Sep 28, 2009

In terms of social class, the strongest support for Nama comes from the best-off AB social group, with 43 per cent for it and 38 per cent against. Strongest opposition comes from DE voters, just 19 per cent in favour and 52 per cent against.

So, where was the opposition to it this week?? I'm almost certain the coalition Government waited for the Ireland matches against France to sign this into law, knowing all the public would care about is the soccer. Typical, isn't it? The greatest robbery in Irish history was quietly enacted while the public agonized over Thierry Henry's handball. The people deserve what they get, in my opinion.
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Old 22nd November 2009
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- including enda kenny - who did not turn up to vote against it.

How dare, he is a brave leader
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Old 22nd November 2009
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It can be repealed in the event of a change of government, but neither Gilmore nor Kenny have any intention of doing so. The dividing lines in this country do not fall along Party boundaries.

Last edited by advertismo II; 22nd November 2009 at 06:55 PM.
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Quote:
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Yeah, it is all her fault.
Not the fault of the 81 TDs who voted for it.
Or the nearly twenty TDs - including enda kenny - who did not turn up to vote against it.
Yes he did.
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Old 22nd November 2009
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Well she is Fianna Fail.

She only earns €330,000 per annum with an allowance of €320,000 + free accomodation, travel, healthcare...................

Her patriotic duty was 10%
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