Brian Lenihan to appear before Oireachtais Finance committee at 2pm. 31/08/09

[BodyofEvidence]

hang on - is it the Irish government or the ECB who are issueing the bonds.

if its the ECB, then its the European Union collectively that is paying for this.

its us. me, you, even lenny. not the ecb. us. the people.

[Digout]

I'm only telling you what the reporter said.

RTE is an FF mouthpiece.

[CorkHurler]

The ECB has just come out in favour of the NAMA proposal, In a legal opinion published on its Web site today, the ECB said Nama created no major legal state aid problems or unfair advantages, adding it should help strengthen Irish banks' balance sheets and increase liquidity.

[cyberianpan]

hang on - is it the Irish government or the ECB who are issueing the bonds.

if its the ECB, then its the European Union collectively that is paying for this.

That I understand the bonds to capitalise Nama & pay for the assets will come from the ECB

Not so sure re the bonds to re-capitalise the banks after

cYp

[powderfinger]

Joan Burton on John Mulcahy,he believes that traditional market recovery from his analysis. 88% within 7 years.From trough to peak.

[He3]

its us. me, you, even lenny. not the ecb. us. the people.

and we pay lenny so whatever he pays he has got from us in the first place

[Digout]

"We're not Argentina.We're Ireland." Brian Lenihan.

We will be Argentina. No doubt about it.

[powderfinger]

"FoI will not apply to Nama." Brian Lenihan.

[netron]

That I understand the bonds to capitalise Nama & pay for the assets will come from the ECB

Not so sure re the bonds to re-capitalise the banks after

cYp

so therefore its NOT the Irish taxpayer who is paying for Nama.

Lenihan is right?

[BodyofEvidence]

The ECB has just come out in favour of the NAMA proposal, In a legal opinion published on its Web site today, the ECB said Nama created no major legal state aid problems or unfair advantages, adding it should help strengthen Irish banks' balance sheets and increase liquidity.

Really? So this discussion here
The Irish Economy Blog Archive ECB Opinion on NAMA
is moot then?