tag:blogger.com,1999:blog-464668402831298194.post1856753566854226609..comments2023-10-26T12:19:08.652+01:00Comments on Cllr Joe Ryan's Blog: NAMA = Need Another Major AllocationAnonymoushttp://www.blogger.com/profile/13337418092426100439noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-464668402831298194.post-43274660002956116052009-05-04T20:51:00.000+01:002009-05-04T20:51:00.000+01:00NAMA's sponsors like to confuse taxpayers by using...NAMA's sponsors like to confuse taxpayers by using big opaque numbers such as the ninety billion euro they plan to scam from taxpayers 'to save the economy'. That's €60,000 of extra taxes per worker (2011 full-time headcount equivalent). Such money would be better invested in high value intellectual property.<br /><br />Its more useful to look at an example of just one site buried inside that €90 Billion zombie banking number. According to honest DDDA-Anglo-Irish-Bank the Irish Glass Bottle speculation-site in Ringsend has an alleged book value of €450 million. The site's real value is between zero and €45 million at most. However when the DDDA Autocracy hands out the planning permission for the future-slum to its co-conspirators, sorry co-investors, the Autocracy will declare the site's value is €299 million. <br /><br /><B>This means the honest NAMA gentlemen can diddle the taxpayers by paying 'a robust 66.6%' or 'only' €199 million for the site. The false book-keeping balance of €251 million is diddled from the taxpayers in the "systemic Anglo-Irish Bank" scam of September 2008.</B>http://galwaytent.blogspot.com/2009/04/nama-gearing-up-for-ddda-scheming.htmlThe Galway Tenthttps://www.blogger.com/profile/05785991600065262397noreply@blogger.comtag:blogger.com,1999:blog-464668402831298194.post-6820957564760753002009-04-10T00:06:00.000+01:002009-04-10T00:06:00.000+01:00This is interesting "Why are we propping up develo...This is interesting <BR/>"Why are we propping up developers elsewhere? What is stopping a developer with a limited liability or indeed a number of them acting together, disposing of an asset to NAMA, then effectively choreographing the bidding to avoid competition and re-secure the same asset at a price less than that originally paid by NAMA? If crony capitalism was an Olympic sport, Ireland would win the team medal every time!" <BR/>Joe, I never thought about it this way but you are RightNuala Nolanhttps://www.blogger.com/profile/03874765618020151799noreply@blogger.com