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Thread: 46 economists call on Government to reconsider NAMA

  1. #1

    Default 46 economists call on Government to reconsider NAMA

    A GROUP of 46 economists has signed an article in today’s Irish Times calling on the Government to reconsider the National Asset Management (Nama) project.

    They argue that Nama should pay the banks only the current market value for the loans it will assume.
    Economists warn against going ahead with Nama project - The Irish Times - Wed, Aug 26, 2009


    Gloves off!

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    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.

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    Ummm very telling considering FG have been slated on another thread for not having a figure.
    Banking Establishments are More Dangerous to our Liberties than Standing Armies.

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    I can't see Prof Lucey's article in the paper, only excerpts from it and a full rebuttal from Alan Ahearne.
    [edit]Here it is:http://www.irishtimes.com/newspaper/...253267074.html[/edit]
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    Quote Originally Posted by ang View Post
    Ummm very telling considering FG have been slated on another thread for not having a figure.
    The good professors are guessing at someone else's plan, Kenny couldn't even guess at his own.

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    Quote Originally Posted by HanleyS View Post
    I can't see Prof Lucey's article in the paper, only excerpts from it and a full rebuttal from Alan Ahearne.
    [edit]Here it is:Nama set to shift wealth to lenders and developers - The Irish Times - Wed, Aug 26, 2009[/edit]
    There's a link on another thread

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    Politics.ie Member irishpancake's Avatar
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    Quote Originally Posted by HanleyS View Post
    I can't see Prof Lucey's article in the paper, only excerpts from it and a full rebuttal from Alan Ahearne.
    [edit]Here it is:Nama set to shift wealth to lenders and developers - The Irish Times - Wed, Aug 26, 2009[/edit]
    Nama set to shift wealth to lenders and developers - The Irish Times - Wed, Aug 26, 2009
    Last edited by irishpancake; 26th August 2009 at 02:43 AM. Reason: Sorry, I didn't see you already had the link :)

  8. #8

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    Quote Originally Posted by Hal View Post
    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.

    So how many economists have got together to defend NAMA as it it stands? Besides Peter Bacon and Alan Ahearne of course.

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    Paddy, any chance you could edit your opening post to include the link to the article itself?

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    Quote Originally Posted by PaddyJoe McGillycuddy View Post
    So how many economists have got together to defend NAMA as it it stands? Besides Peter Bacon and Alan Ahearne of course.
    Probably all those who think they might ever need a job from an Irish bank...

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