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Thread: NAMA's €10.5bn

  1. #1
    Politics.ie Member ger12's Avatar
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    Default NAMA's €10.5bn

    So, it's being reported that NAMA has generated €10.5bn in cash flow since its inception almost three years ago.

    The National Asset Management Agency said, in it's latest summary of progress, that it's sold €6.9bn worth of assets and made a further €3.6bn from rental income. It has also identified close to 3,900 residential properties for social housing and €3.5bn worth of Senior Bonds were redeemed during the year, which NAMA Chairman Frank Daly has said will go a long way in repaying the debt it incurred in acquiring its loan portfolio.

    Chief Executive, Brendan McDonagh said: “the generation of €10.5 billion in cash in the 33 months since the first loans transferred to NAMA reflects a strong performance in terms of asset disposals and also shows the importance for NAMA of capturing the rental income from assets under the control of debtors”.

    Not bad?

    NAMA makes €10.5bn in three years
    http://www.breakingnews.ie/ireland/n...rs-579847.html
    NAMA Issues End of Year Review for 2012
    http://www.nama.ie/news/nama-issues-...mary-for-2012/
    At 12 weeks the “clump of cells” toes curl, her mouth makes sucking movements, she has a human face and if you prod the tummy she will move in response

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    Politics.ie Member cabledude's Avatar
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    Not bad at all in fairness.

    They are getting themselves well trained and prepared for taking over domestic mortgages in a couple years time.
    Stand there in silence, look up to the sky and remember how brave they were.

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    Politics.ie Member bluefirelog's Avatar
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    Isn't NAMA supposed to get back the actual value lent to developers though rather than the discounted price NAMA paid for it?

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    Quote Originally Posted by bluefirelog View Post
    Isn't NAMA supposed to get back the actual value lent to developers though rather than the discounted price NAMA paid for it?
    There you go spoiling the party before it begun.

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    Quote Originally Posted by bluefirelog View Post
    Isn't NAMA supposed to get back the actual value lent to developers though rather than the discounted price NAMA paid for it?
    No - that would require a return of the property market to boom prices.

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    Quote Originally Posted by Sailor View Post
    No - that would require a return of the property market to boom prices.
    hit the nail on the head there

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    Politics.ie Member seanmacc's Avatar
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    If its performing well you can be guaranteed that it will be transferred to the private sector sold at a pittance.

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    GDPR Deleted
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    Who'd a thunk it eh?

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    Politics.ie Member dresden8's Avatar
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    Quote Originally Posted by bluefirelog View Post
    Isn't NAMA supposed to get back the actual value lent to developers though rather than the discounted price NAMA paid for it?
    That's the way it was sold by Lenny the Liar.

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    How much was put into NAMA- 30bn odd?
    For 70bn of banks assets.... and 64bn was put into the banks......

    Nice to see the FF nuts still promoting this madness.

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