Why do Green Party P.ie members not defend NAMA?

[BodyofEvidence]

There are dozens of threads on this and witd the dubious exception of Goosebump there is a roaring, deafening, total silence from the greens. Surely yiz cant all be dead/on holidays/offline/ignorant of NAMA?

IF there are any greens out there left, and IF you are in favour of NAMA overpaying by multiples of billions do please let the rest of us know. Your party members (in every sense members...) in the Dail will be trooping merrily int othe TA lobbies to fleece the taxpayer, so I think we deserve an explanation of what makes it so attractive for a GP member. Maybe you have no taste buds left having had to swallow so much from FF but come on...

[wombat]

I suspect SPN is drowning his sorrows after the Cats' victory but he'll be back.

[Question R24U]

embarrassment? Betrayal of ones principles tends to force people into hiding. I note spn has gone to ground or got a life. Not many real fianna failers about the place (the loo lahs like peter valhala, hal do not count).

[bormotello]

Why they should complain?
Nothing wrong about ecology in NAMA legislation
NAMA will ruin Irish economy and Ireland will produce less pollution

[BodyofEvidence]

someone must know a GP member thats for it....there has to be at least one somewhere?

[Dreaded_Estate]

They have been addicted to the little power they have and are now willing to destroy the country to hold onto it.

[wombat]

someone must know a GP member thats for it....there has to be at least one somewhere?

SPN is back on another thread defending it pretty strongly

[SPN]

SPN is back on another thread defending it pretty strongly

Sometimes it is good to be somewhere that you don't have an Interwebs connection.

I had a most enjoyable weekend



Going Back on Topic:

I'm not going to rewrite what I have posted in the other threads, but I will summarise.

FF, FG and Labour all agree that the problem loans need to be taken off the Balance Sheets of the Banks.

FF and FG agree that doing this behind closed doors via Nationalisation causes more problems than it solves.


The Government's model for valuing the loan books is with the EU for approval.

FG have not yet published the model their NAMA, called NRB, will use for valuing the loan books.

It is only when both models are published that we can compare and contrast.


As for the Green Party: It has organised two seminars for its members so they can look closely at the issues surrounding NAMA. The first seminar had Karl Whelan and Constantin Gurdgiev give presentations, and answer questions. The second seminar had the CEO Designate of NAMA, two of his senior Officials, and Alan Ahearne give presentations and answer questions.

The membership is currently having a robust internal debate on the issue, and, as I have said previously, this will see a number of changes being made to the proposed Bill in the areas of transparency, accountability, and the setting out of a cost:benefit analysis of the proposal versus the alternatives.


As for me: I said on P.ie last November that we should do a Ctrl-Alt-Del on the Banking System. We should set up new Banks and Building Societies that would be created from scratch with no legacy issues. The Legacy Banks should be wound down and all business be transferred to these new entities in the run up to the expiration of the Guarantee in September 2010.

and fupp the begrudgers!


I am assured by FF, FG and Labour that this strategy would not work and that an AMA is the only game in town.

I still think they are wrong.

[Panopticon]

There are dozens of threads on this and witd the dubious exception of Goosebump there is a roaring, deafening, total silence from the greens. Surely yiz cant all be dead/on holidays/offline/ignorant of NAMA?

IF there are any greens out there left, and IF you are in favour of NAMA overpaying by multiples of billions do please let the rest of us know. Your party members (in every sense members...) in the Dail will be trooping merrily int othe TA lobbies to fleece the taxpayer, so I think we deserve an explanation of what makes it so attractive for a GP member. Maybe you have no taste buds left having had to swallow so much from FF but come on...

Do you not think posts like this are the reason why so few Greens are left.

[Question R24U]

Sometimes it is good to be somewhere that you don't have an Interwebs connection.

I had a most enjoyable weekend



Going Back on Topic:

I'm not going to rewrite what I have posted in the other threads, but I will summarise.

FF, FG and Labour all agree that the problem loans need to be taken off the Balance Sheets of the Banks.

FF and FG agree that doing this behind closed doors via Nationalisation causes more problems than it solves.


The Government's model for valuing the loan books is with the EU for approval.

FG have not yet published the model their NAMA, called NRB, will use for valuing the loan books.

It is only when both models are published that we can compare and contrast.


As for the Green Party: It has organised two seminars for its members so they can look closely at the issues surrounding NAMA. The first seminar had Karl Whelan and Constantin Gurdgiev give presentations, and answer questions. The second seminar had the CEO Designate of NAMA, two of his senior Officials, and Alan Ahearne give presentations and answer questions.

The membership is currently having a robust internal debate on the issue, and, as I have said previously, this will see a number of changes being made to the proposed Bill in the areas of transparency, accountability, and the setting out of a cost:benefit analysis of the proposal versus the alternatives.


As for me: I said on P.ie last November that we should do a Ctrl-Alt-Del on the Banking System. We should set up new Banks and Building Societies that would be created from scratch with no legacy issues. The Legacy Banks should be wound down and all business be transferred to these new entities in the run up to the expiration of the Guarantee in September 2010.

and fupp the begrudgers!


I am assured by FF, FG and Labour that this strategy would not work and that an AMA is the only game in town.

I still think they are wrong.

That makes far more sense than any ama. Screw the shareholders, guarantee credit to businesses and make money for taxpayers. The precise opposite of an ama. The state does have a network of offices where bank officials can be posted. I'm sure other branches will be available in a firesale.