Greens get changes to NAMA bill

[Eamonn76]

I was astounded when I heard that Eamon Ryan had called full nationalisation of the banks vengeful. They are shareholders in bankrupt private enterprises propped up only by state guarantee. Enterprises which engaged in a lending frenzy whose collapse has made 200,000 more people unemployed in the last year, and will cost us tens of billions to put right. Full nationalisation and the wiping out of the shareholders is not revenge. It's justice, prudence and the result for shareholders in bankrupt enterprises in normal countries. The green party have now joined the axis of unaccountability.

[free-man]

I am completely disappointed with these new measures 'brought in' by the Green Party.

1. There is still no transparency - this is key to rebuild trust.

2. The bill gives the MoF control of €5bn - money which could be spent on healthcare / education etc and not finishing off apartment blocks that no one wants.

3. The valuations formula has still not been unveiled. It should be market rate with the taxpayer compensated with equity for further capitalisation.

Anything less that this is frankly not good enough.

[Lloyd-Apjohn]

What a load of boll*x - if ever we needed final proof the Greens have gone native and are useless this is it.

First of all we are about to go to economic hell in a handbsket and yet the Greens get involved in a game of politics rather than recognising that time is over and things are way too serious for games.

NAMA is pure bonkers. Where is the money going to come from to pay for these houses? Who exactly are the people who after NAMA are going to buy up these unfinished houses.

McWilliams was spot on - if a generation ago a home cost about 3 or 4 times the average income why isn't that still the case? We still need a massive fall in prices and salaries.

If these builders say they are pay the state then why can't they pay the bank?

It is inconceivable that a Fianna Fáil minister is going to go after these builders - how can anyone possible believe that someone who gets donations from a builder is then going to turn around and take that person to court for not paying their debt to the state.

The lack of transparency alone beggars belief.

Maybe the only way to sort ourselves out is to allow the IMF take over and cut everything ruthlessly but of course that would get us off the hook and allow us to continue our victimhood mentality and blame the IMF instead of the Brits - a handy way to defelct attention away from who is really to blame - every person who have ever voted FF or PD.

As for the guff from the Greens that the senior bankers are gone - no they aren't - they've kept their homes, their full pensions, their bonuses and more importantly to them they've kept their full access to the corridors of power and the ability to wisper in ears - do you think a working man who through no fault of his own lost his job and home has such access to scum like Biffo and Lenihan? Hardly.

You Greens had a change to really change things in Ireland and you utterly failed to take the chance - you can't even get pay cuts imposed on senior public sector staff like judges and politicians or even scrap expenses in the Oireachtas and the Greens don't even provide info or receipts for the expenses their own TDs and Senators claim or the money donated to their party.

Do the Greens hold the record for the quickest party to go 'native' having been affected by a link with FF?

[Hal]

Not my understanding. NAMA is taking loans off the banks, not assets. NAMA must pay current market value for the assets secured against loans. Anything else is pants and exposes us to risk.

With risk sharing it doesn't.

The market is not dysfunctional,

The market is completely dysfunctional. No one can raise any money to buy anything even if they want to.

[Hal]

What a load of boll*x - if ever we needed final proof the Greens have gone native and are useless this is it.

First of all we are about to go to economic hell in a handbsket and yet the Greens get involved in a game of politics rather than recognising that time is over and things are way too serious for games.

NAMA is pure bonkers. Where is the money going to come from to pay for these houses? Who exactly are the people who after NAMA are going to buy up these unfinished houses.

McWilliams was spot on - if a generation ago a home cost about 3 or 4 times the average income why isn't that still the case? We still need a massive fall in prices and salaries.

If these builders say they are pay the state then why can't they pay the bank?

It is inconceivable that a Fianna Fáil minister is going to go after these builders - how can anyone possible believe that someone who gets donations from a builder is then going to turn around and take that person to court for not paying their debt to the state.

The lack of transparency alone beggars belief.

Maybe the only way to sort ourselves out is to allow the IMF take over and cut everything ruthlessly but of course that would get us off the hook and allow us to continue our victimhood mentality and blame the IMF instead of the Brits - a handy way to defelct attention away from who is really to blame - every person who have ever voted FF or PD.

As for the guff from the Greens that the senior bankers are gone - no they aren't - they've kept their homes, their full pensions, their bonuses and more importantly to them they've kept their full access to the corridors of power and the ability to wisper in ears - do you think a working man who through no fault of his own lost his job and home has such access to scum like Biffo and Lenihan? Hardly.

You Greens had a change to really change things in Ireland and you utterly failed to take the chance - you can't even get pay cuts imposed on senior public sector staff like judges and politicians or even scrap expenses in the Oireachtas and the Greens don't even provide info or receipts for the expenses their own TDs and Senators claim or the money donated to their party.

Do the Greens hold the record for the quickest party to go 'native' having been affected by a link with FF?

I second your opening few words.