Brian Lenihan telling barefaced lies on RTE

[kimble]

FF and their insider vested interest mates do not have the backing of the majority.

Do you also believe the NAMA backers are wrong to slag off the other options put forward because they are not costed? Do you believe for these options that

This is the same old ********************e every time. When the wool is being pulled over our eyes it's "Give them a chance, let's see how it turns out".

When it all goes arse over tit the same people are out saying "We let it happen, we didn't stop it when we had the chance".

Idiots.

They still have the backing of the majority...NAMA will work..in a years time we will all be back to thinking...God Cowen is a ledge

[HanleyS]

I 100% sure I do, are you sure you do Hal?

Alan Ahearn said there was 25% equity on average in property deals.
€90bn in loans used to buy purchase €120bn in property. He claimed if we purchased the loans for €60bn we would be getting a 50% discount on the asset values.

While that is true, we are getting a 33% discount from book value and converting 75% LTV loans into 100% LTV loans.

It was pretty obvious for anyone who understands property and banking what you meant.

[Hal]

It was pretty obvious for anyone who understands property and banking what you meant.

boll.x

[dresden8]

They still have the backing of the majority...NAMA will work..in a years time we will all be back to thinking...God Cowen is a ledge

You are a fool.

[did those feet]

You are a fool.

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