Board index » The IRISH PROPERTY BUBBLE » NAMAwatch (Pt. I)

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 Post subject: Re: Arbeit Macht Frei
PostPosted: Tue Sep 29, 2015 4:22 pm 
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Eschatologist wrote:
obese_cat wrote:
In all fairness I think comparing his treatment at the hands of NAMA to that of the Jewish people at Auschwitz is in pretty poor taste. It trivializes what they went through and I don't blame Shatter or any Jewish individual for calling him out on it.

He may have made good points in his submission, but this is all that's being discussed now. It's one thing for you and I to make jokes about Nazi behaviour in private, but quite another to be making it as a matter of public record.

Nazi jokes are a mainstay of Anglo humour though. I don't see how they're any more poor taste in public.

Time for a bit of Jimmy Carr...

https://www.youtube.com/watch?v=Rzb_p1mRW1M&t=273


I've no problem with Nazi jokes in the right context, a stand-up comedian obviously has a bit more license to entertain as part of a gig, than someone making submissions to a public inquiry, but I still reckon it's poor taste to insert comparisons like that into your professional dealings. For instance I might joke informally to an Irish colleague about some corporate videos being similar to that produced by Goebbel's, but I sure as hell would avoid such comparisons being made in the public domain.

All down to taste. I'm all for free speech, and I don't want to see Johnny Ronan necessarily censored, but a bit of decorum wouldn't go amis...

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 Post subject: Re: Arbeit Macht Frei
PostPosted: Tue Sep 29, 2015 10:58 pm 
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Eschatologist wrote:
billcall55 wrote:
Eschatologist wrote:
billcall55 wrote:
Just shows how illiterate, culturally and historically, some of these masters of the universe are.

How does quoting a historical phrase count as either culturally or historically illiterate?

I was presuming he was ignorant of what that phrase has referred to since 1945, as I couldn't believe he was not and would still use it in a complaint about how his huge assets were, in his view, badly treated.

Don't be thick, of course he knew what it meant. I use it myself from time to time. What's the big deal?

Just because Ronan is an obnoxious twat doesn't make this particular phrase offensive except to the terminally hypersensitive or those looking for ammunition.


Ah come on, surely you see the idiocy of it. If you're Ronan, you're coming from behind as a NAMA developer when it comes to public opinion. Comparing yourself to Jews persecuted by the Nazis only shows that not only did you fail, you also have no insight into your own condition.

As it happens, Ronan should be down on his knees thanking NAMA; instead of having his assets taken away and his home sold off, he got to keep lots of toys and NAMA even paid him a nice salary while they warehoused the rest of his loans until Ronan could find someone to buy them. Sure, he lost some trophy assets, but he's emerged in pretty good shape considering the amount of wealth destruction he's responsible for.

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 Post subject: Re: Arbeit Macht Frei
PostPosted: Tue Sep 29, 2015 11:02 pm 
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Mantissa wrote:

As it happens, Ronan should be down on his knees thanking NAMA; instead of having his assets taken away and his home sold off, he got to keep lots of toys and NAMA even paid him a nice salary while they warehoused the rest of his loans until Ronan could find someone to buy them. Sure, he lost some trophy assets, but he's emerged in pretty good shape considering the amount of wealth destruction he's responsible for.


In fairness to Ronan & Treasury Holdings, they we're pretty strict about not giving personal guarantees for their corporate debts.

More developers should've been like that. It might have slowed the bubble (probably not).

Personally, I don't like reliance on PGs - I think it's a cheap, lazy way of doing banking.


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 Post subject: Re: Arbeit Macht Frei
PostPosted: Wed Sep 30, 2015 7:24 pm 
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+1

In continental Europe the bank's know better than to ask for a PGs


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 Post subject: Re: Arbeit Macht Frei
PostPosted: Wed Sep 30, 2015 7:52 pm 
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Fair point on the PGs. He has still ended up with far more of his original business than he would have without NAMA warehousing things for him.

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