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 Post subject: Re: All You Ever Wanted to Know about NAMA - The Repository
PostPosted: Thu Sep 03, 2009 9:02 am 
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 Post subject: Re: All You Ever Wanted to Know about NAMA - The Repository
PostPosted: Tue Sep 08, 2009 8:16 pm 
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Labour's NAMA analysis "Protecting the Taxpayer"

http://www.labour.ie/download/pdf/protecting_the_taxpayer.pdf

Quote:
The long title and section 55 make it clear that NAMA’s function is to acquire “certain assets from
certain persons to be designated by the Minister”.
■ It is also to “perform such other functions, related to the management or realisation of bank assets
that it has acquired, as are directed by the Minister”: long title and section 11.
■ The Minster may confer on NAMA, by order, such additional functions connected with the
functions for the times being of NAMA as he or she thinks fit: section 11.
■ The designation of “eligible bank assets” to be purchased by NAMA is a power vested by section
56 in the Minister for Finance. He must consult with NAMA, the Governor and the Financial
Regulator but the power to designate or not to designate resides with him exclusively.
■ Section 13 of the Bill requires NAMA in the performance of its functions to “have regard to any
guidelines issued by the Minister”.
■ In addition, section 14 sets out the Minister’s powers of direction. Under this section, “the Minister
may give a direction in writing to NAMA concerning the achievement of the purpose of this Act”,
and NAMA is required to comply with any such direction. Since the “purposes of the Act” are
drafted in a wide and general way, this is a very extensive Ministerial power.


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 Post subject: Re: All You Ever Wanted to Know about NAMA - The Repository
PostPosted: Sat Sep 19, 2009 10:42 am 
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http://www.rte.ie/thebusiness/biznama.doc

bluffers guide to nama by DCU lecturer Tony Foley

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 Post subject: Re: All You Ever Wanted to Know about NAMA - The Repository
PostPosted: Thu Mar 25, 2010 10:09 pm 
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Gloom, despondencY & doom. But hark ! Seismographic readings indicate
that NAMA is going 'Weapons Hot' next Monday 29. Let's wait and see what happens.


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 Post subject: Re: All You Ever Wanted to Know about NAMA - The Repository
PostPosted: Thu Mar 25, 2010 11:11 pm 
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Nimrod wrote:
Gloom, despondencY & doom. But hark ! Seismographic readings indicate
that NAMA is going 'Weapons Hot' next Monday 29. Let's wait and see what happens.

Hmm, first day of the school holidays... cunning.

edit: I expect a load of stuff to happen over the next two weeks as the nation's main interviewers take the most liberal public service holidays (permanent teachers) possible... not a slur on teachers, a slur on the nation's over-paid radio presenters...

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 Post subject: Re: All You Ever Wanted to Know about NAMA - The Repository
PostPosted: Thu Mar 25, 2010 11:11 pm 
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Nimrod wrote:
Gloom, despondencY & doom. But hark ! Seismographic readings indicate
that NAMA is going 'Weapons Hot' next Monday 29. Let's wait and see what happens.


Will they be nuking the site from orbit?

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 Post subject: Re: All You Ever Wanted to Know about NAMA - The Repository
PostPosted: Fri Mar 26, 2010 11:25 am 
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markf909 wrote:
Nimrod wrote:
Gloom, despondencY & doom. But hark ! Seismographic readings indicate
that NAMA is going 'Weapons Hot' next Monday 29. Let's wait and see what happens.


Will they be nuking the site from orbit?



it's the only way to be sure :)

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 Post subject: Re: All You Ever Wanted to Know about NAMA - The Repository
PostPosted: Sat Mar 27, 2010 7:27 am 
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Quote:
MINISTER FOR Finance Brian Lenihan will announce on Tuesday the capital required across the five lenders participating in the National Asset Management Agency (Nama) and the full scale of State ownership in the two main banks, AIB and Bank of Ireland.

The final bill for further capital facing the five institutions could be as much as €16 billion, although part could be raised privately.

The recapitalisation of the banks will be determined by the losses taken on Nama loans, the Financial Regulator’s estimate of stress-case losses on non-Nama loans, and the ability of the two big banks to raise private capital.

The regulator is expected to base the final cash injections required on the banks’ ability to reach a core equity ratio of 7 per cent – a measure of loss-absorbing capital – by the end of this year.

The capital shortfall left after the Nama losses and estimated non-Nama loan losses will be met by the Government after the regulator’s assessment of how much the banks can raise privately.

The State may end up taking a larger minority share in BoI and a majority stake in AIB to reach the 7 per cent ratio if the regulator and Government view the capital requirements for each as being too large and that they cannot raise sufficient capital on their own.

AIB would require about €3.4 billion and Bank of Ireland about €1.7 billion to reach 7 per cent core equity ratio, according to banking analyst Sebastian Orsi at Merrion Stockbrokers.

Next week will mark one of the most momentous weeks for the Irish banking sector as a series of choreographed announcements will reveal the full scale of State ownership in the banking sector.

“We are into the endgame now,” said another analyst.


http://www.irishtimes.com/newspaper/fin ... 75453.html

If only.

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 Post subject: Re: All You Ever Wanted to Know about NAMA - The Repository
PostPosted: Wed Apr 07, 2010 3:08 pm 
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From Dr Constantin's blog

Quote:
At the time of the original announcement of this arrangement I publicly stated that there was absolutely nothing in the Nama legislation precluding parties with direct interest in Nama from investing in this SPV. And boy, clearly unaware of such pithy things like conflict of interest, Nama announced that its majority owners will be:

Irish Life Assurance (a part of the IL&P that has been at the centre of the Anglo deposits controversy and one of the most leveraged banks in the nation),
New Ireland (an insurance branch of BofI), and
AIB Investment Managers.

http://trueeconomics.blogspot.com/2010/03/economics-31032010-expensive-joke.html

pilashite

Is there any way to check if they used their own capital or client funds?



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 Post subject: Re: All You Ever Wanted to Know about NAMA - The Repository
PostPosted: Wed Apr 07, 2010 3:26 pm 
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Joined: Jan 10, 2008
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Location: BubbleBurst Ireland
CaveCanem wrote:
From Dr Constantin's blog

Quote:
At the time of the original announcement of this arrangement I publicly stated that there was absolutely nothing in the Nama legislation precluding parties with direct interest in Nama from investing in this SPV. And boy, clearly unaware of such pithy things like conflict of interest, Nama announced that its majority owners will be:

Irish Life Assurance (a part of the IL&P that has been at the centre of the Anglo deposits controversy and one of the most leveraged banks in the nation),
New Ireland (an insurance branch of BofI), and
AIB Investment Managers.

http://trueeconomics.blogspot.com/2010/03/economics-31032010-expensive-joke.html

pilashite

Is there any way to check if they used their own capital or client funds?




Are they using the money we gave them?

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 Post subject: Re: All You Ever Wanted to Know about NAMA - The Repository
PostPosted: Wed Apr 07, 2010 3:30 pm 
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Joined: Sep 6, 2009
Posts: 592
CaveCanem wrote:
From Dr Constantin's blog

Quote:
At the time of the original announcement of this arrangement I publicly stated that there was absolutely nothing in the Nama legislation precluding parties with direct interest in Nama from investing in this SPV. And boy, clearly unaware of such pithy things like conflict of interest, Nama announced that its majority owners will be:

Irish Life Assurance (a part of the IL&P that has been at the centre of the Anglo deposits controversy and one of the most leveraged banks in the nation),
New Ireland (an insurance branch of BofI), and
AIB Investment Managers.

http://trueeconomics.blogspot.com/2010/03/economics-31032010-expensive-joke.html

pilashite

Is there any way to check if they used their own capital or client funds?


I asked at the time if this could happen, and I remember Vincent Browne almost jokingly asking George Lee if this could happen.


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 Post subject: Re: All You Ever Wanted to Know about NAMA - The Repository
PostPosted: Fri Oct 27, 2017 6:12 am 
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Our wide variety of well being treatments include, Intravenous Ozone Therapy, Intravenous Laser Therapy and our well known Vitamin Infusions, also known as VitaDrip, tailored to your specic needs.

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