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Dublin: 5 °C Friday 19 December, 2014

#BaNAMA Republic

# banama-republic - Friday 11 May, 2012

From TheJournal.ie Nearly 700 NAMA units being provided suitable for social housing – minister NAMAland

Nearly 700 NAMA units being provided suitable for social housing – minister

Jan O’Sullivan says over 2,000 properties have been appraised for their suitability – and only half are fit for use as social housing.

# banama-republic - Thursday 15 December, 2011

NAMA to hire private detectives to hunt down hidden riches

The agency has advertised looking for staff to help “verify the accuracy” of financial statements submitted by its debtors.

# banama-republic - Wednesday 16 November, 2011

NAMA turns €118m profit in second quarter of 2011

The State’s ‘bad bank’ increases profits, making €118m in three months, generating over €800m in cash in the three months.

# banama-republic - Wednesday 26 October, 2011

From TheJournal.ie NAMA is paying €200,000 salaries to two indebted developers BaNAMA Republic

NAMA is paying €200,000 salaries to two indebted developers

Two of the ‘major’ developers who owe millions to the bad bank are being paid €200k salaries – and all can be paid commission.

# banama-republic - Monday 3 October, 2011

NAMA confirms pursuit of major developers’ pensions

The State’s ‘bad bank’ says it wants to get its hands on the pension pots of indebted developers – some of them worth millions.

# banama-republic - Friday 9 September, 2011

From TheJournal.ie Take 5: Friday Take 5

Take 5: Friday

5 minutes, 5 stories, 5 o’clock…

From TheJournal.ie NAMA chairman defends paying six-figure salaries to developers BaNAMA Republic

NAMA chairman defends paying six-figure salaries to developers

Frank Daly tells an Oireachtas committee that hiring a developer on a big salary is often cheaper than appointing a receiver.

# banama-republic - Thursday 28 July, 2011

NAMA posts €305m operating profit for 2010 – but loses €1.18bn overall

The bad bank’s annual report gives some insight into how the country’s indebted developers are performing.

# banama-republic - Saturday 16 July, 2011

NAMA to invest €3m in ‘urgent’ ghost estate work

The national bad bank says it’s funding ‘urgent construction’ in ghost estates linked to the loans it holds.

From TheJournal.ie The 9 at 9: Saturday 9 At 9

The 9 at 9: Saturday

Nine things to know this morning, including a row between Church and State, the wrong type of Roscommon U-turn, and a bad day for Lady Gaga…

# banama-republic - Tuesday 14 June, 2011

NAMA chairman denies builders can buy back their properties cheaply

It had been claimed that developers whose properties were taken over by NAMA were looking to buy them back at huge discounts.

# banama-republic - Thursday 9 June, 2011

From TheJournal.ie We’ll find out ‘within weeks’ exactly what property NAMA controls BaNAMA Republic

We’ll find out ‘within weeks’ exactly what property NAMA controls

Finance minister Michael Noonan says the NAMA website will list the properties under the control of debtors’ receivers.

# banama-republic - Wednesday 20 April, 2011

Jim Mansfield’s executive airport, apartments and golf club swallowed by NAMA

Agency appoints statutory receiver after former billionaire fails to agree how to pay down his debts.

# banama-republic - Tuesday 12 April, 2011

Supreme Court rejects McKillen claims of NAMA unconstitutionality

McKillen can be consulted for input before his loans are acquired, the Supreme Court rules, rejecting his other complaints.

# banama-republic - Wednesday 23 March, 2011

From TheJournal.ie NAMA chief: We’re not to blame for cheap hotel rooms Hotels

NAMA chief: We’re not to blame for cheap hotel rooms

NAMA’s chairman Frank Daly dismisses criticisms that NAMA’s hotel ownership was forcing down the market prices.

# banama-republic - Thursday 23 December, 2010

From TheJournal.ie The 9 at 9: Thursday 9 At 9

The 9 at 9: Thursday

Nine things you need to know this morning: European airports pushing to cut passenger backlog; AIB could be nationalised today; UN to investigate treatment of Bradley Manning; and a Ryanair pilot has reported seeing something in the air over Norway…

# banama-republic - Tuesday 21 December, 2010

From TheJournal.ie Poll: Do you trust NAMA to force developers to pay their debts? Your Say This post contains a poll

Poll: Do you trust NAMA to force developers to pay their debts?

Last night’s Prime Time Investigates showed how developers who owe billions to NAMA are continuing to enjoy extravagant lifestyles involving helicopters, luxury cars – and expensive shopping trips. Do you trust the agency to protect the interests of taxpayers?

From TheJournal.ie The 9 at 9: Tuesday 9 At 9

The 9 at 9: Tuesday

Nine things you need to know by 9am: Met Eireann says we should prepare for a white Christmas, while AA warns of 5 hour commutes; the Sun finds heroin in RTE and a cure for the common cough.

# banama-republic - Monday 20 December, 2010

From TheJournal.ie Take 5: Monday Take 5

Take 5: Monday

5 minutes, 5 stories, 5 o’clock.

# banama-republic - Thursday 9 December, 2010

From The Score Emigration draining GAA clubs of players Unemployment

Emigration draining GAA clubs of players

Gaelic games are thriving abroad as young men and women depart Ireland in search of work.

# banama-republic - Wednesday 1 December, 2010

From The Score Ireland and Manchester United: painful recent pasts and fuzzy futures Comment

Ireland and Manchester United: painful recent pasts and fuzzy futures

American blogger Elliott says there are real parallels between Ireland’s economic ‘situation’ and goings-on at Old Trafford. And it has nothing to do with the whole Wayne Rooney-Ivor Callely thing.

# banama-republic - Friday 12 November, 2010

NAMA’s overall loan purchases will come at 58% ‘haircut’

The state’s bad bank will pay little over two-fifths of the book value to buy the totality of Ireland’s impaired loans.

# banama-republic - Monday 8 November, 2010

From TheJournal.ie The 9 at 9: Monday 9 At 9

The 9 at 9: Monday

Nine things you need to know by 9am: the storm that turned out to be a damp squib; 12 injured and two people die in Galway crash; iPhone alarm glitch is still not fixed as Americans wake up late for work.

# banama-republic - Friday 5 November, 2010

McKillen’s NAMA appeal decision due on Monday

The Commercial Court will decide on Monday whether there are grounds for Paddy McKillen to appeal his NAMA challenge.

# banama-republic - Tuesday 2 November, 2010

From TheJournal.ie NAMA reports €6m profit between April and June BaNAMA Republic

NAMA reports €6m profit between April and June

Brian Lenihan says NAMA is ‘functioning well’ as it reports a modest profit for the second quarter.

# banama-republic - Thursday 28 October, 2010

From TheJournal.ie Alan Dukes: Ireland needs a second bad bank NAMA 2

Alan Dukes: Ireland needs a second bad bank

The Anglo chairman and former FG leader tells a conference Ireland needs a second NAMA.

# banama-republic - Tuesday 26 October, 2010

NAMA denies capping developers salaries at €200k

Indebted developers could be earning even more – but have to shoulder big budget cuts.

# banama-republic - Sunday 24 October, 2010

From TheJournal.ie Developers score €200,000 salaries from NAMA BaNAMA Republic

Developers score €200,000 salaries from NAMA

NAMA agrees deals with the country’s most indebted developers to fund their new businesses – and pay enviable salaries.

# banama-republic - Wednesday 13 October, 2010

From TheJournal.ie Housing agency calls for ‘NAMA for the people’ BaNAMA Republic

Housing agency calls for ‘NAMA for the people’

Threshold urges government to take stake in bad mortgages while allowing tenants to retain a stake and stay in their home.

# banama-republic - Tuesday 12 October, 2010

From TheJournal.ie Defiant Lenihan insists Ireland can avoid bailout BaNAMA Republic

Defiant Lenihan insists Ireland can avoid bailout

Ireland can “absolutely” dodge the need to go cap-in-hand to Europe – but pensions and welfare could be hit.

# banama-republic - Friday 8 October, 2010

From TheJournal.ie New smartphone utility shows properties owned by NAMA BaNAMA Republic

New smartphone utility shows properties owned by NAMA

‘NAMAland’ uses your iPhone or Android’s camera and GPS to show you if nearby property is publicly owned.

# banama-republic - Wednesday 6 October, 2010

From TheJournal.ie Anglo CEO: McKillen could help economic recovery Courts

Anglo CEO: McKillen could help economic recovery

The Commercial Court hears that Mike Aynsley objects to the transfer of Paddy McKillen’s loans to NAMA.

# banama-republic - Monday 4 October, 2010

From TheJournal.ie Government insists Quinn must repay €2.8bn Anglo debt BaNAMA Republic

Government insists Quinn must repay €2.8bn Anglo debt

The troubled businessman owes the nationalised bank €2.8bn – and the government demands a taxpayer return.

# banama-republic - Thursday 30 September, 2010

NAMA backtracks on Bank of Ireland loan takeovers

After consulting with NAMA and Brussels, the government decides only to take loans valued over €20m – up from €5m.

# banama-republic - Wednesday 29 September, 2010

From TheJournal.ie NAMA to take on €2.4bn of undeveloped NI land BaNAMA Republic

NAMA to take on €2.4bn of undeveloped NI land

The state’s bad bank warns of “financial pain” for developers whose land will have to be sold off as mere farmland.

FIANNA FÁIL TD Ned O’Keeffe has called for a cabinet reshuffle – and the appointment of a new Minister for Finance. Speaking on RTE Radio 1′s Drivetime programme, O’Keeffe added that NAMA would “not work”. RTÉ also reports that at this afternoon’s meeting of the Fianna Fáil parliamentary party, O’Keeffe likened the government’s NAMA strategy to that of a “third world”  and said the taxpayer had bought a “pig in a poke”.

# banama-republic - Friday 10 September, 2010

From TheJournal.ie NAMA says it will move quickly against unpaid loans BaNAMA Republic

NAMA says it will move quickly against unpaid loans

But insists its business plan is on track.

# banama-republic - Wednesday 8 September, 2010

From TheJournal.ie Anglo’s split: what the internet thought Anglo Irish Bank This post contains images

Anglo’s split: what the internet thought

Social media users react to the government’s latest proposal for Anglo.

In full: Brian Lenihan’s statement on future of Anglo Irish Bank

Brian Lenihan’s full public statement on the future of the nationalised Irish bank.

From TheJournal.ie Man (literally) dances on Haughey’s grave to protest FF corruption BaNAMA Republic

Man (literally) dances on Haughey’s grave to protest FF corruption

Vincent Keaney’s YouTube video causes a storm after he films himself liberally dancing on the grave of the former Taoiseach.

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