Thanks for being so plain about it. I kind of feel I have my head buried in the sand on the whole NAMA thing. I hope you might take a brief look at what this massive new debt for the country means to Joe Punter. Is it really going to encourage investment in Irish banks again or will it just present the nation as debt-ridden and risky?
What I would like to know is what are the guarantees that the banks will start lending? That is the whole point to the exercise. Once they lend prices will recover with demand over a period of time.
Colm Green
,
Hey ronan, something else that i’d like to see is what ‘haircut’ AIB and BOI are getting, because in theory they could be giving all the haircut to anglo irish bank, (which is just using punishing ourselves) and letting the others off the hook.
Also why are the govt so afraid of the banks, we have them over a barrel, why not force conditions on them.
Aideen Keenan
,
Hi Ronan.
Good work! You didn’t mention the fact that NAMA is offering to pay above market value for the loans, because they assigned a “long-term value” to the assets (or something??) Is this possibly what accounts for the difference in “the estimated current fall of 47% to the sustainable plateau of just 40%”? Thought they would have put more explanation into it though…?
We’d all like to see the banks being put across the Government’s knee and whipped to within an inch of their lives, but unfortunately it would be a bit like cutting off our noses to spite our faces. As far as I can see, the banks are too tied up in the fate of the economy at large to hit with too severe a “punishment”. Would be great if we could do both though. Bad banks.. the lot of them! 🙂
Darren ,
Thanks for being so plain about it. I kind of feel I have my head buried in the sand on the whole NAMA thing. I hope you might take a brief look at what this massive new debt for the country means to Joe Punter. Is it really going to encourage investment in Irish banks again or will it just present the nation as debt-ridden and risky?
Daniel Kenneally ,
What I would like to know is what are the guarantees that the banks will start lending? That is the whole point to the exercise. Once they lend prices will recover with demand over a period of time.
Colm Green ,
Hey ronan, something else that i’d like to see is what ‘haircut’ AIB and BOI are getting, because in theory they could be giving all the haircut to anglo irish bank, (which is just using punishing ourselves) and letting the others off the hook.
Also why are the govt so afraid of the banks, we have them over a barrel, why not force conditions on them.
Aideen Keenan ,
Hi Ronan.
Good work! You didn’t mention the fact that NAMA is offering to pay above market value for the loans, because they assigned a “long-term value” to the assets (or something??) Is this possibly what accounts for the difference in “the estimated current fall of 47% to the sustainable plateau of just 40%”? Thought they would have put more explanation into it though…?
We’d all like to see the banks being put across the Government’s knee and whipped to within an inch of their lives, but unfortunately it would be a bit like cutting off our noses to spite our faces. As far as I can see, the banks are too tied up in the fate of the economy at large to hit with too severe a “punishment”. Would be great if we could do both though. Bad banks.. the lot of them! 🙂
Do the NAMA figures add up? A broader and more realistic assessment of long-term economic value | Ronan Lyons ,
[…] Browse in Irish Economy « NAMA: Top Five Facts […]