Comments on: A Bad Idea, or ‘How to turn NAMA into a developer bail-out also’ http://www.ronanlyons.com/2009/10/27/a-bad-idea-or-how-to-turn-nama-into-a-developer-bail-out-also/ Irish Economy | World Economy | Property Market | Economic Analysis | Ronan Lyons Sat, 13 Mar 2010 13:32:49 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: Foolish Penny http://www.ronanlyons.com/2009/10/27/a-bad-idea-or-how-to-turn-nama-into-a-developer-bail-out-also/comment-page-1/#comment-1431 Foolish Penny Mon, 15 Feb 2010 07:39:05 +0000 http://www.ronanlyons.com/?p=1002#comment-1431 Great article Ronan - all the spin about NAMA is making me ill! Great article Ronan – all the spin about NAMA is making me ill!

]]> By: ste -statusIreland.c http://www.ronanlyons.com/2009/10/27/a-bad-idea-or-how-to-turn-nama-into-a-developer-bail-out-also/comment-page-1/#comment-1165 ste -statusIreland.c Sun, 01 Nov 2009 00:02:49 +0000 http://www.ronanlyons.com/?p=1002#comment-1165 It seems to me that there is a grey area here. NAMA wants the money, the banks want the money, the property developers want the money. Nobody wants the property! It seems to me that there is a grey area here. NAMA wants the money, the banks want the money, the property developers want the money. Nobody wants the property!

]]> By: alan o' http://www.ronanlyons.com/2009/10/27/a-bad-idea-or-how-to-turn-nama-into-a-developer-bail-out-also/comment-page-1/#comment-1163 alan o' Thu, 29 Oct 2009 12:22:39 +0000 http://www.ronanlyons.com/?p=1002#comment-1163 Looking on from afar, and with just one question - does the value of the loans to be taken over by NAMA include rolled up interest? I recall reading that somewhere but now can't find the source. Looking on from afar, and with just one question – does the value of the loans to be taken over by NAMA include rolled up interest? I recall reading that somewhere but now can’t find the source.

]]> By: adrem http://www.ronanlyons.com/2009/10/27/a-bad-idea-or-how-to-turn-nama-into-a-developer-bail-out-also/comment-page-1/#comment-1159 adrem Wed, 28 Oct 2009 09:38:55 +0000 http://www.ronanlyons.com/?p=1002#comment-1159 I don't disagree with a lot of that Ronan but where is the developer bail out? If you take NAMA as it is (as you have above) it is a bank bailout but only in so far as it stops the banks collapsing and therefore if you accept the importance of a banking system to the country it is actually a system bailout. Telling bank shareholders who have lost 95%+ of their money that they are being bailed out is cold comfort. Anyway back to the point - accepting the point of NAMA being a bank bailout - they take over the properties and the debts and they then pursue the developers to the gates of hell for the money, taking ownership of the apartment blocks and estates as developers default, continuing after those developers personal assets etc etc - those properties that they take over, they rent out. If, on the other hand, they simply flood the markets with properties and DON'T chase the developers for the amounts owed then absolutely a Very Bad Idea (capital V added !) I don’t disagree with a lot of that Ronan but where is the developer bail out? If you take NAMA as it is (as you have above) it is a bank bailout but only in so far as it stops the banks collapsing and therefore if you accept the importance of a banking system to the country it is actually a system bailout. Telling bank shareholders who have lost 95%+ of their money that they are being bailed out is cold comfort.

Anyway back to the point – accepting the point of NAMA being a bank bailout – they take over the properties and the debts and they then pursue the developers to the gates of hell for the money, taking ownership of the apartment blocks and estates as developers default, continuing after those developers personal assets etc etc – those properties that they take over, they rent out.

If, on the other hand, they simply flood the markets with properties and DON’T chase the developers for the amounts owed then absolutely a Very Bad Idea (capital V added !)

]]> By: Making NAMA Work – Complete the Money Circle - Bock The Robber http://www.ronanlyons.com/2009/10/27/a-bad-idea-or-how-to-turn-nama-into-a-developer-bail-out-also/comment-page-1/#comment-1157 Making NAMA Work – Complete the Money Circle - Bock The Robber Tue, 27 Oct 2009 22:42:41 +0000 http://www.ronanlyons.com/?p=1002#comment-1157 [...] on more NAMA-related matters, here’s something from one of those very clever fellows who know how to do hard sums. Tags: nama, national asset management agency, windfall [...] [...] on more NAMA-related matters, here’s something from one of those very clever fellows who know how to do hard sums. Tags: nama, national asset management agency, windfall [...]

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