NAMA and the spin machine

[cyberianpan]

Do you call those few empty statements without any facts “deep analysis”?
Where the comparison how “good bank” strategy worked in another countries?

Just for example Russia 1998 – results of “Good bank” strategy
...
Russia will sell oil and gas with loses if prices below $40(one of the reason for 1998 crisis)

I'm not sure if you read their strategy... it is only a 4.5 page document ... track 2 on dealing with the existing banks was nothing to do with a good bank... and track 2 worried most folks.

If you want to debate the FG proposal I suggest it get its own thread, my point here was that people didn't flock to it: they didn't. You coudl recycle this thread here: FG claim Soros,Stiglitz etc support their bank plan- do they ?

Also I like FG ... so would caution against resurrecting this issue - as it is very damaging to them.

cYp

[Digout]

They key question the SCAMA spoofers now ignore is the one that central to the FFraud. They say prices must increase by 1% a year for 10 years for it to work. They still wont comment on the fact that prices are currently dropping at 1.1% a month ( according to Ulster Bank, so its prob more).

Prices are still dropping like a stone, so does SCAMA still need 10% to work? And from where does this 10% start?

Clowns and spoofers.

[bormotello]

If you want to debate the FG proposal I suggest it get its own thread, my point here was that people didn't flock to it: they didn't. You coudl recycle this thread here: FG claim Soros,Stiglitz etc support their bank plan- do they ?

cYp

I know that FG proposal was made only to stay away from NAMA and wait until FF will do as much as possible damage for country, which will make them life easy on next elections(the same applies for LP as well)
But question stays the same – everything, what we heard before about NAMA is not confirmed or lie

Minister of Finances made political decision that NAMA will be only game in town. His staff didn’t analyse alternatives and did what they have been told.
If Lenihan really wanted to save country, he would make a few independent teams, which would prepare few draft proposals and then he would choose one of them.
But it never was done. It means that only reason why we should accept NAMA is only because FF decided so
Nothing else

[Cassandra Syndrome]

They key question the SCAMA spoofers now ignore is the one that central to the FFraud. They say prices must increase by 1% a year for 10 years for it to work. They still wont comment on the fact that prices are currently dropping at 1.1% a month ( according to Ulster Bank, so its prob more).

Prices are still dropping like a stone, so does SCAMA still need 10% to work? And from where does this 10% start?

Clowns and spoofers.

ssh Master Cyber doesn't like you to go off topic on NAMA in his own little narcissistic world.

Now write out , Ignorance is Strenght, NAMA is good 666 times for tomorrow.

[controller]

ssh Master Cyber doesn't like you to go off topic on NAMA in his own little narcissistic world.

Now write out , Ignorance is Strenght, NAMA is good 666 times for tomorrow.

[cyberianpan]

I know that FG proposal was made only to stay away from NAMA and wait until FF will do as much as possible damage for country, which will make them life easy on next elections(the same applies for LP as well)
But question stays the same – everything, what we heard before about NAMA is not confirmed or lie

Minister of Finances made political decision that NAMA will be only game in town. His staff didn’t analyse alternatives and did what they have been told.
If Lenihan really wanted to save country, he would make a few independent teams, which would prepare few draft proposals and then he would choose one of them.
But it never was done. It means that only reason why we should accept NAMA is only because FF decided so
Nothing else

Actually a team involving Peter Bacon did trash out a lot of alternatives... starting back I think in January (Ahearne and others had some involvement)

And looking back: regretfully I have to agree that it was necessary for them to present just one option and stay low on detail ... as the standard of debate was simply too bad

Seriously if I was a cautious , senior civil servant type ... post the Nama debate debacle: I'd advise any minister to tell the Irish public as little as possible.

I've to say I've been saddened by the low standard of debate, and 3 weeks back when I spoke to a bundle of finance professionals/ economists who stayed out of it ... they were scathing of the debate quality also... actually fuming mad (and they included both pro & anti)

It's a real pity as some folks had some very good ideas on how to fix Nama ... but they got drowned out

cYp

[cyberianpan]

They key question the SCAMA spoofers now ignore is the one that central to the FFraud. They say prices must increase by 1% a year for 10 years for it to work. They still wont comment on the fact that prices are currently dropping at 1.1% a month ( according to Ulster Bank, so its prob more).

Prices are still dropping like a stone, so does SCAMA still need 10% to work? And from where does this 10% start?

Clowns and spoofers.

This post is proof of the problems in the Nama debate

This isn't a general whinge thread about Nama... rather instead a thread about message/spin/communications battle thereof

Also for example a while back I claimed it would be Q2 2010 before we had bottom, or definitive sight of bottom of the residential property market.

But if a thread like this can't stick to the topic... stay focused on message ... then that rather does answer the question why people had so little impact... ironic.

cYp

[bormotello]

Seriously if I was a cautious , senior civil servant type ... post the Nama debate debacle: I'd advise any minister to tell the Irish public as little as possible.
cYp

Sorry for off topic

[Cassandra Syndrome]

As said I think answering that would drag this thread off topic

As suggested the "housing over supply" topic should have its own thread... and citing figures / analysis by Ronan Lyons there would be helpful

cYp

Ronan Lyons from Daft.ie? Yeah they have 80,000 units for sale on their website with 40 units sold every day.

There are also 150,000 holiday homes. There are 150,000 new residential units either completed or works in progress.

There are tens of thousands of sites and green fields waiting on planning.

Its a no brainer really. P1 sinks to P2, with or without a market externality.

[Digout]

If Lenihan really wanted to save country, he would make a few independent teams, which would prepare few draft proposals and then he would choose one of them.

Sadly the independent reports that GarlicMan got, he did not even bother to read them. Lenny is a puppet whose strings are being pulled by the lads in the banks.

SCAMA is for the banks, its not for the country.