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Thread: The best Fuck ever

  1. #1
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    Default The best Fuck ever

    No I am not talking about the most wondrous shag from an fantastic Escort.

    I am referring to Brian Lendahand (Lend-a-hand to his building buddies) unveils the amount NAMA will be paying for the "distressed assets" (worthless buildings).

    When Liam Carroll was in the high court it was revealed that some of his assets were only worth 20% of what they were originally valued. Which means much of his "distressed assets" took a 80% "haircut" (loss to us plebs, but haircut sounds less painful).

    The papers reckon Lenihan will Pay 70% of the value of the property thats only a 30% haircut.

    Based on Liam Carrols property portfolio he will be paying up to 50% over the odds.

    Prepare as a taxpayer to have the best Fuck ever, as you are fucked up the ass for the next 20 to 30 years to pay for Lenihan banker and builder buddies.

  2. #2
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    Default

    I dont understand economics too well. What is NAMA exactly and what are the alternatives. I have googled the above subjects but am unble to find anything definitive.

  3. #3
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    Default

    Quote Originally Posted by alechoran View Post
    I dont understand economics too well.

    Allow me ,

    its simple really, take your euros and had them to an escort and she will suck yer cock...............you will get more satifaction that you will from nama.



    YouTube - NAMA - My Downfall


    nbt

  4. #4
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    Default

    Quote Originally Posted by Smarty View Post
    No I am not talking about the most wondrous shag from an fantastic Escort.

    I am referring to Brian Lendahand (Lend-a-hand to his building buddies) unveils the amount NAMA will be paying for the "distressed assets" (worthless buildings).

    When Liam Carroll was in the high court it was revealed that some of his assets were only worth 20% of what they were originally valued. Which means much of his "distressed assets" took a 80% "haircut" (loss to us plebs, but haircut sounds less painful).

    The papers reckon Lenihan will Pay 70% of the value of the property thats only a 30% haircut.

    Based on Liam Carrols property portfolio he will be paying up to 50% over the odds.

    Prepare as a taxpayer to have the best Fuck ever, as you are fucked up the ass for the next 20 to 30 years to pay for Lenihan banker and builder buddies.
    Nama is only a sideshow. The real decision that affects everyone was the goverment guaranteeing the deposits in the banks. These deposits were, to a large extent, used to fund property loans. The ability of the banks to refund these deposits depends on their ability to realise the value of these property loans or to secure loans from other sources based on these property values. In a nutshell, what this means is that the goverment turned every single person in this country into property speculators when they guaranteed those deposits.

  5. #5
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    Default

    Sadley we have a goverment who couldent run a piss up in a brewery never mind run a country.
    ”The greatest trick the devil ever pulled was convincing the world he didn't exist.”

  6. #6
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    Default Nama

    A dig-out. (See the Bertie Ahern English Dictionary).

    A scheme by the morally bankrupt for the financially bankrupt.

    I bet none of the property developers or their politician buddies will have their homes repossessed.

    I bet the big bankers will continue to get their big bonuses.

    Alec you won't find any clear info anywhere - because they don't want it to be found. Just like you won't find any info on where exchequer money is spent. I spent ages searching; tax payers money goes into a great big black hole. And we don't get any info on what it's spent on.

    They're all criminals. It's legalised corruption.

    Rant over, bye, bye.

  7. #7
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    Default

    Quote Originally Posted by rincewind View Post
    Sadley we have a goverment who couldent run a piss up in a brewery never mind run a country.
    As we are all now property speculators, courtesy of the Goverment, it is vital that we get some kind of reasonable property market moving. Quite frankly we need to get a market which supports whatever Nama pays the banks as we, the people will be caught for any shortfall. The Goverment need to suspend stamp duty for a short period and put incentives in place to kickstart the market. These measures would be obvious to a child. I am hoping that the goverment are just holding back until Nama is launched.
    Whatever you may think of Europe, and there is no shortage of scare stories out there, now is definitely not the time to bite the hand that feeds us. If Lisbon is voted down again we are all totally fucked, the money that we badly need will vanish, the property market will crash and every single person left in the country will be saddled with massive debts. As in the bad old days, the young and mobile will get out but this will leave the rest with even bigger debts.
    Europe like us, they like the craic, but they will not allow the tail to wag the dog. Europe know that we have done very well out of them over many years and they would not mind if we suffered for a while. However, we are always a "European" country and I would hope that the likes of Gemany and France would not like to see us suffer too much or too long.

  8. #8
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    Default

    THE ECB reckons that NAMA is the only show in town.

    The useless Fine Gaelers cant even cost an alternative and have a dumb fool leader.

    The govt had to underwrite the banks or this country was going down faster than I would on an escort if I was just a bit braver!

    People i know in economics and banking in Paris and London were all of the viewpoint that the govt had to intervene and is doing the right thing, even if paying over the odds.

    I'm no Fianna Fail head but we still have no alternatives in this mess of a country.

    If I was younger i'd emigrate in a flash ......

  9. #9
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    Default Amen to that

    If I was younger i'd emigrate in a flash ......[/QUOTE]



    Couldent agree more.

    If only i could sell me house.

    Those of us who did pay stamp duty when we bought our houses now face having to pay property tax after the budget.

    Great country!
    ”The greatest trick the devil ever pulled was convincing the world he didn't exist.”

  10. #10
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    Default

    Quote Originally Posted by adogwithabone View Post
    Nama is only a sideshow. The real decision that affects everyone was the goverment guaranteeing the deposits in the banks. These deposits were, to a large extent, used to fund property loans. The ability of the banks to refund these deposits depends on their ability to realise the value of these property loans or to secure loans from other sources based on these property values. In a nutshell, what this means is that the goverment turned every single person in this country into property speculators when they guaranteed those deposits.
    If the Government had not guaranteed deposits last September, people with money on deposit would have rushed to withdraw their money fearing a collapse like Lehman Brothers in the USA. If a lot of these deposits were withdrawn in the space of a few days, the banks would have collapsed for certain.

    I blame the last Government for the whole mess. The 'boom' was fuelled by outlandish property prices and absolutely no control on credit by the Government. Banks lashed out money to whoever wanted it. Thus practically everyone in the country was living beyond their means, on credit. Ahern actively encouraged that and told everyone that the good times would last forever - UTTER RUBBISH!!!. Now it'll take years, maybe decades to clean up the mess.

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