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About LinkBacksIf you saw him, you know why. If you didn't you can catch it on rte.ie/primetime.
If you are in any doubt about NAMA, I recommend you have a look.
http://www.rte.ie/news/2009/1006/pri...23786,null,230
If you saw him, you know why. If you didn't you can catch it on rte.ie/primetime.
If you are in any doubt about NAMA, I recommend you have a look.
http://www.rte.ie/news/2009/1006/pri...23786,null,230
Last edited by He3; 8th October 2009 at 02:22 PM.
'Personally, I find the notion of changing our constitution in exchange for a loan absolutely disgusting'. - Tin Foil Hat
Yep.Originally Posted by He3
Prof Joe Stiglitz jus said on Primetime that NAMA is criminal robbing of taxpayers
FF & FG: Tweedledumb & Tweedledumber. 1 privatises TE, other will privatise ESB
This is one of the most eminent economists in the world and he just called NAMA 'criminal' and also referred to 'robbing the taxpayer'
should send Neon alarms flashing all over Ireland
Mark Little appeared clueless. Hopefully he learned something from Stiglitz and will do some research before he interviews Cowen again.
"A government big enough to give you everything you want, is strong enough to take everything you have."
Thomas Jefferson
Our whole approach has been the exact opposite of what Stiglitz recommends. Anyone who backs the two Brians against him is a fool. Nama is just the final step in the socialisation of losses and the privatisation of gains.
Saw it too - one economist I have a lot of time for.
But - hey so what - once again - every independent/ non vested interest economist in the country has been screaming this for the last while - will not make much of a difference unfortunately as the Greens will cave again
I particularly like the part where He says the laws of Capitalism have to kick in here - hes right - you have to burn the building before greens shoots emerge from the ashes - this is the essence of capitalism - birth growth maturity decline death and rebirth and the show goes on - this whole NAMA thing was to be about saving the banking system - not the banks or their shareholders, bondholders and office holders.
the longer we put off the burn off - the longer we keep putting off the next growth cycle - some will die - some will survive - thats life kids and we have a social welfare system to help individuals from one era to the next - we not not have a social welfare system to keep individual corporations and companies on life support when they have passed their sell-by date - this is setting up an oligarchy and implanting stupidity into the DNA of our nation - but rewarding incompetence and promoting the continued existence of dynasties seems to be our destiny in this country.
Hope somebody in the FG party was watching this - we've been dropping the ball all over the place for the last 2 months , with the exception of Lisbon -
I hope the Green members were watching
Ooh.. I love it.. An economist (another one) finally comes out and speaks the truth about SCAMA.
Duck and cover FF, it's stonethrowing time
"The power of accurate observation is commonly called cynicism by those who have not got it." – George Bernard Shaw
Yes he was great. Completely crucified Nama and suggested doing same to bank shareholders, make bondholders change bonds to shares and for the Gov. to take ownership of banks.
Gave v. bad forecast for 2011!
Top man Stiglitz - Cut through the BS spouted by spiv economists attached to banks etc.
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