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

[DCon]

What a spoofer with that "we'll stop insolvent builders from re-entering the construction industry". Bullshyte, pure and utter bullshyte.

Lynch them, lynch them now.

Agreed. He tried to back-pedal and say they could not buy NAMA assets but he is definitely bluffing.

Methinks he knows little about company law. Maybe he drank his way through college.

[Simbo67]

They are nailing him on the ministerial directive.

[free-man]

Haha - are you suggesting that the MoF is corrupt?!!

[free-man]

If the banks are not insolvent why does the DoF maintain that the banks will need extra capital injection if the haircut is too deep?

[DCon]

Why do we care what the Accounting Standards that apply in the United states are?

[spidermom]

Okay..back from picking up the "little Darlings"!!....What I miss????

[Ecoguy]

"we'll stop insolvent builders from re-entering the construction industry".

.

The chances of that happening under FF are about the same as Alicia Silverstone and Liv Tyler turning up at my doorstep tonight looking for a three-way.

[one acre capitalist]

Brilliant and confident performance by Minister. All oppsoition figure now look like clowns. 20% haircut on smaller NAMA coming, banks should rally on this. Taxpayer will make a fortune buying land down 50%. Go Brian Go-get those dozers moving again.

[Simbo67]

If the banks are not insolvent why does the DoF maintain that the banks will need extra capital injection if the haircut is too deep?

That was complete bullsh*t, he was saying that the banks share value showed that they had positive economic values ignoring the impact of NAMA (i.e. lets take your bad assets of your balance sheet).

[netron]

lenny is blaming the EU now. with regards to "above market value".. (as in thats what the EU rules say with regards to government intervention )