John Nama is 51% privately owned.
NAMA/2=Taxpayer
Although I suspect that equation varies depending on who’s putting funds in or out.
http://namawinelake.wordpress.com/2012/04/23/17-of-nama-sold-to-un-named-private-investors/

I think you’re right David.
http://namawinelake.wordpress.com/2012/04/23/17-of-nama-sold-to-un-named-private-investors/

@Martin … More than likely we the ordinary hard working tax payer yes the ones that The politicians think of as pure Go@sh@@es yes us and I did NOT over borrow no more than the rest if us did

You are mistaken- bankers did the lending, not the borrowing. Certain other people borrowed beyond their means, you know, quite a sizable portion of the population…

Orion – YOU are mistaken. Anglo borrowed like crazy. What the hell do you think the taxpayer has been sending billions abroad for the last year and a half for?

Orion, you are the one who is mistaken. Banks tend to have huge proportions of their money tied up not into mortgages but into loans with other banks.

In the context of greed Orion?

@ neil,

I am not mistaken, I think I didnt mean the banks didnt borrow the money- that obviously had to happen for the public to get so much more than needed. I meant that bankers, ie the bank employees didnt borrow the same amount as the likes of johnny ronan.

@ jason

I know that, its besides the point though is it not? I was refering to the bank employees, not the business itself. Sorry for not being more clear.

@ Leslie

Yes in the context of greed, I think alot of people got greedy and borrowed more than they should have. There were also people who trusted the powers that be and thought everything would be okay. Sorry if I have misunderstood you’re use of the word ‘bankers’. :)

@Orion…. I did not borrow beyond my means but I am bailing all bankers and developers and Corrupt Politicians out and I for 1 have had enough this case will now cost me and mine even more money and more hardship and more and more.It just goes on and on

I never said YOU borrowed beyond you’re means Bernadette, I said some people.

And if they loose, officially there will be a god?? News to me.

And where is your proof that there is a god?? Im sure if your imaginary friend in the sky existed, the whole world wouldn’t be in this state.

Two lads who think one opposite automatically creates another. Well done chaps.

Sid they were due to build the new shopping centre. That feel through. That particular signage is gone , replaced by a nice little park.

You are right Kingstown. Those guys have such an inflated ego they fail to see the writing on the wall. They just cannot bear the idea of going back to being “ordinary”.

why do you hope they win? so that you can pay even more on their behalf? i agree with the poster above. if they win there is no God (except one of unimaginable greed and self interest

And on what informed basis of the Irish economic situation would you make a remark like that Anel ?

@Dublin naas

The fact that it was a huge swindle by the political class to bail out their friends. If the government really cared, they’d of saved the money and given it to the people who needed it the most (the people in arrears, or people who’d lose savings from the crash). As much as I disagree with handouts they’d be better off with it.

Economically though, it stops the fall of house prices to their actual value, simply prolonging the slump as it doesn’t fall as fast. The government spends a huge amount of resources trying to stop the market from falling through the flour, and just make its sink slower. The debt needed to be liquidated and the bad banks collapse.

You could turn around and say “but what about people’s savings?” and I say that savings will diminish even further than they would have than if the banks went under. This time it’ll be the government that destroys savings. They’ll be destroyed by a bad economy and a government’s effort to tax its way out of it.

Good point Robert.
Japan took the save the banks at all cost approach 20 years ago last year and hasn’t come out of recession since.
Also, deposits up to €100,000 were state guaranteed, including bondholders, prior to to the blanket guarantee. This may have been by far the cheapest way out of the crisis.

yup NAMA another monument to Lenihan and Cowens ineptitude…….

Your a dope!

*You’re*

Your ma ! :D