Peter Mathews on Prime Time NAMA Special

[Mitsui]

Thats the perils of pig trough politics Mitsui.

Actually jpc in some ways that's a pretty good image of Irish history for most of the time since independence - a nation in a pig-trough, thinking worshipful thoughts about a kid in a manger.

Gee, seeing all those Xmas decorations in the shops must be having a softening effect on me!

[Eamonn76]

Alrite Tonys, you agree that SCAMA needs a 10% increase in property prices over 10 years to break even?

Given it is going to be buying property loans after a giant bubble, and what we saw in the courts about 80% falls, NAMA will need a 100% increase in the non-performing loans to make money. Ringsend Glass bottle will have to double in value to recoup the money we will pay i.e. an increase of 9% a year, compound, every year for nine years!