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

  1. 31st August 2009, 04:24 PM #191
    Digout
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    Quote Originally Posted by powderfinger View Post
    "FoI will not apply to Nama." Brian Lenihan.
    That goes against the ECB directive on dealing with destressed "assets", they state everything must be transparent....
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  3. 31st August 2009, 04:25 PM #192
    BodyofEvidence
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    Quote Originally Posted by netron View Post
    so therefore its NOT the Irish taxpayer who is paying for Nama.

    Lenihan is right?
    NO....NO...
    The ECB IS NOT GOING TO ISSUE BONDS ...ffs people.....
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  4. 31st August 2009, 04:26 PM #193
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    Quote Originally Posted by CorkHurler View Post
    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.
    And it also stated that "assets" much be purchased at market value...
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  5. 31st August 2009, 04:26 PM #194
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    Quote Originally Posted by powderfinger View Post
    "FoI will not apply to Nama." Brian Lenihan.
    Well, there's demoracy out the window!!!!

    How can the principled, moral, upstanding Greens, stand for this????
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  6. 31st August 2009, 04:27 PM #195
    powderfinger
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    According to Mr.Lenihan it was a small group of developers who fuelled the speculative rise in land prices.
    I would add for clarity that they were willingly aided and abetted by the predatory lending practices of banks and a regulatory system that was out to lunch.
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  7. 31st August 2009, 04:27 PM #196
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    Quote Originally Posted by Newsy View Post
    Well, there's demoracy out the window!!!!

    How can the principled, moral, upstanding Greens, stand for this????
    The Greens are not principled and have no morals. They are FFers now.
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  8. 31st August 2009, 04:27 PM #197
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    Quote Originally Posted by BodyofEvidence View Post
    NO....NO...
    The ECB IS NOT GOING TO ISSUE BONDS ...ffs people.....
    just seeking clarification. who is issueing the bonds?

    Irish government?
    or ECB?
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  9. 31st August 2009, 04:28 PM #198
    He3
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    Quote Originally Posted by powderfinger View Post
    According to Mr.Lenihan it was a small group of developers who fuelled the speculative rise in land prices.
    I would add for clarity that they were willingly aided and abetted by the predatory lending practices of banks and a regulatory system that was out to lunch.
    and a government that looked the other way
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  10. 31st August 2009, 04:28 PM #199
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    Quote Originally Posted by powderfinger View Post
    According to Mr.Lenihan it was a small group of developers who fuelled the speculative rise in land prices.
    I would add for clarity that they were willingly aided and abetted by the predatory lending practices of banks and a regulatory system that was out to lunch.
    They were also aided and abetted by a certain political party, they gave this party loads of money at a tent in Galway to facilitate this.
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  11. 31st August 2009, 04:29 PM #200
    Digout
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    Quote Originally Posted by netron View Post
    just seeking clarification. who is issueing the bonds?

    Irish government?
    or ECB?
    Irish government will issue the bond, the ECB will buy the bond. It wont be sold on an open market for some reason, I wonder why?
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