NAMA work to be outsourced to the private banks?

[Cael]

I was watching RTE tonight and someone was suggestiong that NAMA couldnt oversee all the loans itself and the work would most likely be outsourced back to the private banks. This would a joke, wouldnt it?

[powderfinger]

I was watching RTE tonight and someone was suggestiong that NAMA couldnt oversee all the loans itself and the work would most likely be outsourced back to the private banks. This would a joke, wouldnt it?

It's a joke alright Cael.He picks up a fruit and out comes a Dwarf.
[ame="http://www.youtube.com/watch?v=bBImDV7VeSA"]YouTube - Jeux Sans Frontieres - pre 1982 memories (7)[/ame]

[Lefournier]

No joke if you believe the Sunday Business Post
Sunday Business Post | Irish Business News

[cyberianpan]

It makes sense - we'd hardly want Dept of Finance & the Financial Regulator's staff overseeing these loans ?

Also a good few NAMA staff are NTMA ... and NTMA has drawn heavily from the private sector

cYp

[KeithM-OB]

Its hilarious if not so serious. Lets look at this again:

1. Public Funds fuel private business for developers.
2. Private Developers create massive debt.
3. Public Funds used to socialise/absorb privbate debt.
4, Public funds used to pay private companies to manage the public-private debt.....

Am I the only one seeing something stupid here?

[Cael]

Thats brilliant. FF have done it again. The people get screwed with these toxic loans, and then we have to pay the private bank's shareholders again to look after the loans. So, in effect, the loans never leave the hands of the banks - but we pay. Needless to say, the development lands will never leave the developers hands either - but we pay.

[stewiegriffin]

Enough of this nonsense . The politicians and banks know exactly what they are doing . Now lets all go and slag Jim Corr .

[Right is right]

Thats brilliant. FF have done it again. The people get screwed with these toxic loans, and then we have to pay the private bank's shareholders again to look after the loans. So, in effect, the loans never leave the hands of the banks - but we pay. Needless to say, the development lands will never leave the developers hands either - but we pay.

You don't have any idea who the shareholders are of course when you spout out this rubbish...

[FakeViking]

It makes sense - we'd hardly want Dept of Finance & the Financial Regulator's staff overseeing these loans ?

Also a good few NAMA staff are NTMA ... and NTMA has drawn heavily from the private sector

cYp

We have some of the highest paid Public Servants in Europe, yet when we need some work done we need to recruit staff from the Private Sector. What a system.

[Cael]

You don't have any idea who the shareholders are of course when you spout out this rubbish...

It doesnt matter who they are. They made big profits during the boom, and now they have made big losses. Thats capitalism. You win or you lose. Except that FF is trying to rob everyone else now to prevent the losses happening.