46 economists call on Government to reconsider NAMA

[Elvis Parsley]

He asked 250 hoping for 200, he got 46.

Alan Ahearne's point on quoting 30 billion when they can't know what the true figure is, is a telling one.

Especially when we have Lenihan slating FG's plan as not having any costings associated with it.

[BodyofEvidence]

Lets be clear : as noted in stephen collins article (Economists warn against going ahead with Nama project - The Irish Times - Wed, Aug 26, 2009) people sign or not these things for a variety of reasons. People dont sign something like this because they are still on holidays, dont do round robins, think a softly-softly approach is better, feel they are not experts in banking etc.
Not a single independent economist has come out FOR nama. Lets not fall into the trap of assuming that because Prof X is not here s/he supports NAMA .

[Dreaded_Estate]

Lets be clear : as noted in stephen collins article (Economists warn against going ahead with Nama project - The Irish Times - Wed, Aug 26, 2009) people sign or not these things for a variety of reasons. People dont sign something like this because they are still on holidays, dont do round robins, think a softly-softly approach is better, feel they are not experts in banking etc.
Not a single independent economist has come out FOR nama. Lets not fall into the trap of assuming that because Prof X is not here s/he supports NAMA .

It is instructive to note that not one of the NAMA supporters has dealt with any of the substantive issues raised by the piece.

[draiocht23]

It is instructive to note that not one of the NAMA supporters has dealt with any of the substantive issues raised by the piece.

Alan Ahearne will be on Morning Ireland after 8am...maybe he will have some cogent arguments by then.

[BodyofEvidence]

Alan Ahearne will be on Morning Ireland after 8am...maybe he will have some cogent arguments by then.

well he calls the IT piece "delusional"
Warning over 'sloppy and misleading' Nama criticism - The Irish Times - Wed, Aug 26, 2009

[draiocht23]

well he calls the IT piece "delusional"
Warning over 'sloppy and misleading' Nama criticism - The Irish Times - Wed, Aug 26, 2009

Yeah, I'm hoping he has come up with something other than uninformative bombast, to support his NAMA plans, in the time that has elapsed since he penned the email...

For example, why we should overpay, by billions, for private individuals toxic debt? That would be nice.

[BodyofEvidence]

List of signatories

Prof Brian Lucey, School of Business, Trinity College Dublin.
Prof Karl Whelan, Department of Economics, University College Dublin.
Prof Bernadette Andreosso-O’Callaghan, Department of Economics, Kemmy School of Business, University of Limerick.
Prof Colm Harmon, Department of Economics, UCD.
Prof Frank Barry, professor of international business, Trinity College Dublin.
Prof Gregory Connor, Department of Economics, NUI Maynooth.
Prof John Cotter, professor of finance, Smurfit School of Business, UCD.
Prof Kevin O’Rourke, Department of Economics, Trinity College Dublin.
Prof Rodney Thom, Department of Economics, UCD.
Prof Rowena Pecchenino, head of department, Department of Economics, NUI Maynooth.
Dr Constantin Gurdgiev, lecturer in finance, School of Business, Trinity College Dublin.
Dr Alexander Sevic, lecturer in finance, School of Business, Trinity College Dublin.
Patrick McCabe, senior lecturer in accounting and finance, School of Business, Trinity College Dublin.
Dr Jenny Berrill, lecturer in finance, School of Business, Trinity College.
Dr Anthony Leddin, senior lecturer and head of department, Department of Economics, Kemmy School of Business, University of Limerick.
Dr Helena Lenihan, senior lecturer in economics, Department of Economics, Kemmy School of Business, University of Limerick.
Dr Mel Kilkenny, lecturer in finance and taxation, Department of Accounting and Finance, Kemmy School of Business, University of Limerick.
Dr Sheila Killian, senior lecturer in accounting and finance, Department of Accounting and Finance, Kemmy School of Business, University of Limerick.
Dr Stephen Kinsella, lecturer in economics, Department of Economics, Kemmy School of Business, University of Limerick.
Dr Donal Palcic, lecturer in economics, Department of Economics, Kemmy School of Business, University of Limerick.
Dr Eoin Reeves, senior lecturer in economics, Department of Economics, Kemmy School of Business, University of Limerick.
Eithne Murphy, lecturer in economics, Department of Economics, NUI Galway.
Dr Terry McDonagh, lecturer in economics, Department of Economics, NUI Galway.
Dr Ashley Piggins, lecturer in economics, Department of Economics, NUI Galway.
Dr Cathal O’Donoghue, head of Rural Economy Research Centre Teagasc and Department of Economics, NUI Galway.
Dr Thomas Flavin, senior lecturer in economics, Department of Economics, NUI Maynooth.
Dr Tom O’Connor, lecturer in economics, Department of Economics, NUI Maynooth.
Paul O’Sullivan, lecturer in economics, Department of Economics, NUI Maynooth
Dr Fabrice Rousseau, senior lecturer in economics, Department of Economics, NUI Maynooth
Dr Cal Muckley, lecturer in finance, Smurfit School of Business, UCD
Dr Frank Walsh, lecturer in economics, Department of Economics, UCD
Dr Kevin Denny, senior lecturer in economics, Department of Economics, UCD
Dr Moore McDowell, senior lecturer in economics, Department of Economics, UCD
Dr Sarah Parlane, lecturer in economics, Department of Economics, UCD.
Dr Shane Whelan, senior lecturer in actuarial finance, School of Mathematics, UCD.
Dr Vincent Hogan, lecturer in economics, Department of Economics, UCD.
Dr Ray Donnelly, senior lecturer in accounting and finance, Department of Accounting and Finance, UCC.
Dr John Masson, lecturer in economics, Department of Economics, UCC
Dr Declan Jordan, college lecturer in economics, Department of Economics, UCC
Eoin O’Leary, senior lecturer in economics, Department of Economics, UCC
Stephen O’Callaghan, lecturer in accounting and finance, Department of Accounting and Finance, UCC.
John Doran, lecturer in accounting and finance, Department of Accounting and Finance, UCC.
David Humphreys, lecturer in accounting and finance, Department of Accounting and Finance, UCC.
Tony Foley, senior lecturer in economics, DCU Business School.
Dr Valerio Poti, lecturer in finance, DCU Business School.
Claire Kearney, lecturer in finance, DCU Business School.

[BodyofEvidence]

thoughts on the Alan Ahearne performance on the radio : more or less confirmed that 60b would be paid, but that that only looks like a 30b haircut, as the 90b would have gained 120b assets. Anybody think that the developers didnt borrow elsewhere for the equity stakes, one step forward please..

[draiocht23]

thoughts on the Alan Ahearne performance on the radio : more or less confirmed that 60b would be paid, but that that only looks like a 30b haircut, as the 90b would have gained 120b assets. Anybody think that the developers didnt borrow elsewhere for the equity stakes, one step forward please..

At least he said he was interested in Patrick Honohan’s risk-sharing suggestion.

I got a bit lost when he started going on about 90bn assets being worth 120bn and the possibility of paying 60bn for them as opposed to 30bn....

[Ecoguy]

At least he said he was interested in Patrick Honohan’s risk-sharing suggestion.

I got a bit lost when he started going on about 90bn assets being worth 120bn and the possibility of paying 60bn for them as opposed to 30bn....

Indeed - that does't really make any sense