ill believe it when i see it

Better late then never but well see. Could prove fruitless Like the Anglo investigation.

pr stunt, key word is voluntary. One can only assume that the return of the properties on voluntary basis happened with the promise of 200k nama salary in exchange. They will not take one single property back because they were far too slow to react and legally have no grounds to do so.

Is this before our after they hire the developer for a six figure sum?

Confused by the tense used in this article: ‘THE NATIONAL ASSETS Management Agency will begin to pursue legal cases against borrowers who transfer assets into their spouse’s names in an attempt to place them out of Nama’s reach.’ Does this mean they will only go after developers who do so in the future, or is it just sloppy copy?

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There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.
Ludwig von Mises

Even if there is not much money at stake, developers who try to hide assets away should be pursued to the last without incurring big legal costs for the state. The big fear I have is NAMA will be a gravy train for the legal profession.

Any voluntary transfer of assets are "reviewable" and can be and have been overturned by courts where the transferor was insolvent at the time and the purpose was to defraud creditors. This has been the law since the 17th century and was even simplified in 2009. So NAMA will have little problem following these assets. That is why some of the voluntary transferrs have been voluntarily set aside and taken by NAMA because the developers know they will lose in court. This saves time resources and legal costs. This is one battle that the developers are LOSING against NAMA. By the way a voluntary transfer is AUTOMATICALLY cancelled by bankruptcy within 2 years of date of transfer.

I don’t know about most people but would rather see a state appointed money men to do this job even if it costs a couple of hundred big T’s more. It just goes to show that the boys with the few pound still need looking after by the the men with noose around the average persons neck.

These payments to developers constitute a bribe for their cooperation!

We are with you NAMA !

Watched a program about NAMA recently, it would be wrong to say that I lost confidence in NAMA, I never had any. It just proved what I thought all along, more money and jobs for the boys. More corruption,lies, tribunals. Lets face it when will the tribunal into NAMA start ?

Sounds of stable doors being bolted…

Why are we paying these guys salaries?

Look at these these 2 guys.

They couldn’t run a car boot sale.