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About LinkBacksHow is he performing?
NAMA must pay more than the market valuation. Simple as. Taxpayer is being screwed.
Aine Lawlor makes me gladI pay my licence fee. Peter Bacon said NAMA is nuts. Lenihan says it's up to other parties to come up with a solution.
How is he performing?
NAMA must pay more than the market valuation. Simple as. Taxpayer is being screwed.
Aine Lawlor makes me gladI pay my licence fee. Peter Bacon said NAMA is nuts. Lenihan says it's up to other parties to come up with a solution.
Some questions and answers from the interview.
What government took the decision to live on stamp duty? - Aine Lawlor
Obama - Lenihan
Lenihan quotes.
I agree with Jack O'Connor.
Wrong to overly rely on stamp duty but Cowen wasn't to blame.
Banks didn't accept reality at first.
From this mornings Indo:
It could take 30 years to sort out this mess - National News, Frontpage - Independent.ie
Mr Lenihan said references to the long-term should not be taken as meaning there would be near-full recovery prices paid, although he refused to specify the scale of the "haircut" banks will be given.
The long-term value would be a medium-term value, he said. That was what was meant by the 'long-term' phrase used by the parliamentary draughtsman, which might otherwise mislead people into thinking the banks would be given near-top prices.
Lenihan is saying that bubble property prices were and always were ok!! F**king debt slavery
we are bunched. A moral decision was made to overpay by 30b. A full years tax revenue has been handed to the stock and bond holders. I really hope the FF and GP lobotomised financial illiterates take a long hard look at themselves in the mirror.
He doesn't know the answers because Tom Parlon hasn't told him yet.
He is coming up on Newstalk now.
Been saying it from 2007. The Government does not believe there was a bubble, they believe the 2006 house prices were justified, they believe house prices should have continued to increase from there, they believe "doom-mongers" and "international factors" spoiled the party despite the fact house prices peaked and started to decline a full year before the credit crunch.Originally Posted by libertarian-right
They do not understand the nature of the problem, their "cure" is to re-ignite the bubble, and every decision they are making on the economy is thus based on utterly false premises and a completely flawed reading of the situation.
on newstalk now spouting the same.
how he can say its not a gamble by referencing the very people who thought a gaff was worth 350k two years ago is beyond me. its most certainly a gamble and we just have to hope it pays off
???? Wasn't it Peter Bacon who recommended it in the first place?
Worth breaking my "no sig" rule for:
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