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NAMA

This tag is associated with 8 posts

NAMA – the questions looking for amendments

By ⋅ November 4, 2009 ⋅ One comment

Although NAMA is going ahead, many issues and questions still remain. More than 135 amendments have been suggested at the debate stage. Here are some of the issues that need to be addressed on behalf of the public. Some of theses come from a list I “tweeted” to Prime Time last night after @marklittlenews asked [...]

US banks get new rules on property

By ⋅ October 31, 2009 ⋅ One comment

From WSJ: “[US] banks have generally been keeping a lid on commercial real-estate losses by extending these mortgages upon maturity. However, that practice, billed by many industry observers as “extending and pretending,” has come under criticism by some analysts and investors as it promises to put off the pains into the future… Critics say the [...]

Nama: not fit for purpose

By ⋅ October 29, 2009 ⋅ One comment

Last night’s Leviathan debate was an interesting one – despite the egg-throwing – and it showed even more clearly that Nama is not fit for its purpose and that the politicans have no idea what they are doing. They are truly making it up as they go along. Nama, according to its website, is an independent commerical [...]

Nobel Prize-winning economist says NO to Nama

By ⋅ October 8, 2009 ⋅ One comment

Nama is a bad idea said Professor Joseph Stiglitz, a Nobel Prize-winning economist, on Wednesday night while addressing Trinity College’s historical society. Nama is likely to “burden this generation for 25 to 50 years or more. I am very uncomfortable with a government with such a minority support making such a decision.”  The view that there is no alternative is “just [...]

Help me, Obi-Wan Gormley; you’re my only hope.

By ⋅ September 21, 2009 ⋅ Post a comment

Yes, I said it to Minister Eamon Ryan during Leviathan at the Electric Picnic but I will say it again. Green Party, you must get some balls. For all our sakes, be brave – leave this government while you still have a soul.  If you do not understand that then let me take on the persona of [...]

Is capitalism dead?

By ⋅ September 6, 2009 ⋅ Post a comment

This was the subject of yesterday’s Leviathan at Electric Picnic. www.leviathan.ie As usual, David McWilliam’s was the charming, entertaining MC and he put some tough questions to the panel: brave-for-showing-his-face-instead-of-Fianna-Fail  Green Party TD Eamon Ryan; socialist, journalist and activist Eamon (get out the pikestaffs for the revolution) McCann;  journalist and author Dan O’Brien of The Economist Intelligence [...]

A SIM game for Nama?

By ⋅ September 4, 2009 ⋅ One comment

Remember the computer simulation game SimCity in the early 1990s? The objective of SimCity was  to build and design a city either without specific goals or towards certain scenarios.  The game allowed you to see what would happen in the future based on your specific choices and performance when playing. You also controlled the speed at which time passed. For example, if as [...]

Re-imagining your nation

By ⋅ September 4, 2009 ⋅ 3 comments

Stop wringing your hands in despair and think about a brand new Ireland. What would you like it to be?

Nama-lama-ding-dong

By ⋅ August 18, 2009 ⋅ One comment

Let’s give the National Asset Management Agency (Nama) a name that represents what it really is… a nonsensical, half-baked take on an Irish problem. Shoo-be-doo-bop a loo bop!

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