The NAMA email - have you received it yet?

[Question R24U]

I could give you Alan Ahearne or the IMF, but you don't like them so I'll ask you a question instead.
Why if it is so transparently obvious that NAMA as it is won't work, do you (and others) feel it necessary to deliberately exaggerate the total amount of NAMA's investment? Apart from it being part of your job that is.

90 billion, 60 billion, 30billion - whatever the cost it will be a multiple of our annual tax intake. The fact is NO BODY knows. It is complelty uncertain. We know victuie book value to be bought will be between 80-90bn, as the minister has said. But no property valuer, mistic meg or anonymous internet porter out of his depth can say what the assets on which the loans are based are worth.

Your independent economists are the advisor to the minister for finance (what about the Bacon?) And the IMF - let's see the IMF supports the idea of transfering wealth from working people to international financiers and bankers. What a turn up for the books!

[Hal]

90 billion, 60 billion, 30billion - whatever the cost it will be a multiple of our annual tax intake. The fact is NO BODY knows. It is complelty uncertain. We know victuie book value to be bought will be between 80-90bn, as the minister has said. But no property valuer, mistic meg or anonymous internet porter out of his depth can say what the assets on which the loans are based are worth.

Your independent economists are the advisor to the minister for finance (what about the Bacon?) And the IMF - let's see the IMF supports the idea of transfering wealth from working people to international financiers and bankers. What a turn up for the books!

We know it won't be the 90 billion as you claimed, several times, it would be.

[Dios]

We can't let them get away with it.

Easier said than done though, when you fold in the general apathy with the mistrust of political activists a lot of people have in this country, with the mé féinism of the various little taoiseachs on their little hills representing interest groups who should be banding together, from the large and well known like the unions to the mildly bizarre little fight clubs like the pin, I'm starting to think you'd need the black and tans running around again to kick things off.

These FFers have gotten the wind, they know their time is up, so they're going to leave us with the mother of all toxic debts as a legacy, and just about as fast as they can ram it through.

We know it won't be the 90 billion as you claimed, several times, it would be.

Actually with interest and administration charges ongoing, you have no way of knowing where the final bill will end up in ten years, or will it ever be paid off.