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Surely NAMA if it is acquiring the Shankill site will only pay €5m as this is the current market valuation of the site according to those closest to it ?
The LTEV might bring the figure up to €5.5m
On the button as always.
Surely NAMA if it is acquiring the Shankill site will only pay €5m as this is the current market valuation of the site according to those closest to it ?
The LTEV might bring the figure up to €5.5m
Anglo is a lose/lose situation for the taxpayer. Whatever discount is given on the value of the loans to favour the taxpayer, has to be made up by the owners of the bank, the taxpayers.
It's all one big barrel of FF suckiness thanks to Cowen and Lenihan.
In exile until
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reinstated and apology forthcoming.
I think Bertie deserves some thanks too. Just to be fair like.Originally Posted by Malbekh
We have turned the corner.I commend this Budget to the House. Brian Lenihan, 9 December 2009
Vote The Bert for President.
The economy was flying when he resigned. We all just lost confidence when he went
Thanks for the laugh. Part of me yearns for us to be a South American nation so some strong man could take charge and shoot the bankers and developers.I mean it. Lives have been destroyed. Suicide rates are up. People are dying because they cant access the health service. Need I go on?
the Anglo accounts today disclose that the figure has gone from ten to eleven and a half billion
'Personally, I find the notion of changing our constitution in exchange for a loan absolutely disgusting'. - Tin Foil Hat
And when is it due to be repaid ? Will this be considered as "state aid" by the EU commission in its investigation into Anglo?
good questions - also according to the accounts the security for repayment of the loan has dropped by two billion to stand currently at a shade over the loan value
Last year was 14.8 now 12.9bn
more at http://www.irisheconomy.ie/index.php...ults/#comments
'Personally, I find the notion of changing our constitution in exchange for a loan absolutely disgusting'. - Tin Foil Hat
Emet Oiliver is back looking at this in today's Indo.
He is of the opinion that the €11.5bn could be a dead loss. Which is hard to disagree with.
Economic crisis: Final bill for Anglo may be €33.5bn - Irish, Business - Independent.ie
I find it amazing that this story has received so little coverage since McWilliams first highlighted it in March.FRESH doubts have emerged about the taxpayers' final bill for bailing out Anglo Irish Bank after the Department of Finance admitted an €11.5bn loan given to the bank is secured on highly risky property loans.
The Government has already earmarked €22bn for the nationalised bank, but if the €11.5bn loan remains unpaid it would bring the total bill to €33.5bn.
Whats the odds on the final reckoning being this side of 50 billion ?
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