The Wholesome Photo of the Month Thu May 09, 2024 11:01 | Anti-Empire
In 3 War Years Russia Will Have Spent $3... Thu May 09, 2024 02:17 | Anti-Empire
UK Sending Missiles to Be Fired Into Rus... Tue May 07, 2024 14:17 | Marko Marjanović
US Gives Weapons to Taiwan for Free, The... Fri May 03, 2024 03:55 | Anti-Empire
Russia Has 17 Percent More Defense Jobs ... Tue Apr 30, 2024 11:56 | Marko Marjanović Anti-Empire >>
A bird's eye view of the vineyard
Alternative Copy of thesaker.is site is available Thu May 25, 2023 14:38 | Ice-Saker-V6bKu3nz Alternative site: https://thesaker.si/saker-a... Site was created using the downloads provided Regards Herb
The Saker blog is now frozen Tue Feb 28, 2023 23:55 | The Saker Dear friends As I have previously announced, we are now “freezing” the blog. We are also making archives of the blog available for free download in various formats (see below).
What do you make of the Russia and China Partnership? Tue Feb 28, 2023 16:26 | The Saker by Mr. Allen for the Saker blog Over the last few years, we hear leaders from both Russia and China pronouncing that they have formed a relationship where there are
Moveable Feast Cafe 2023/02/27 ? Open Thread Mon Feb 27, 2023 19:00 | cafe-uploader 2023/02/27 19:00:02Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of
The stage is set for Hybrid World War III Mon Feb 27, 2023 15:50 | The Saker Pepe Escobar for the Saker blog A powerful feeling rhythms your skin and drums up your soul as you?re immersed in a long walk under persistent snow flurries, pinpointed by The Saker >>
Interested in maladministration. Estd. 2005
RTEs Sarah McInerney ? Fianna Fail supporter? Anthony
Joe Duffy is dishonest and untrustworthy Anthony
Robert Watt complaint: Time for decision by SIPO Anthony
RTE in breach of its own editorial principles Anthony
Waiting for SIPO Anthony Public Inquiry >>
Voltaire, international edition
Netanyahu soon to appear before the US Congress? It will be decisive for the suc... Thu Jul 04, 2024 04:44 | en
Voltaire, International Newsletter N°93 Fri Jun 28, 2024 14:49 | en
Will Israel succeed in attacking Lebanon and pushing the United States to nuke I... Fri Jun 28, 2024 14:40 | en
Will Netanyahu launch tactical nuclear bombs (sic) against Hezbollah, with US su... Thu Jun 27, 2024 12:09 | en
Will Israel provoke a cataclysm?, by Thierry Meyssan Tue Jun 25, 2024 06:59 | en Voltaire Network >>
|
NAMA - Words, Sentences, Theories Abound In Ireland
international |
rights, freedoms and repression |
opinion/analysis
Sunday May 03, 2009 16:30 by Michelle Clarke - Social Justice and Ethics: Dignity
What can we the plain people of Ireland contribute to the theorists, the politicians, the business people, the developers, the professions......i would suggest a little common sense is needed.
What can we, the plain people of Ireland, contribute to the Theorists, Government politicians, the Bankers, the professions, the economists - to those who have constructed NAMA. These are the people we must learn to trust and if this is so, we the plain people of Ireland must be able to contribute our views, in a collective way, as part of the people grassroots press.
The common sense view is free and this is about democracy. Simon Carswell has written an excellent book which is called 'Something rotten - Irish Banking Scandals'. It is worth reading particularly if you can recall the Banking Scandals that have already occurred in Ireland.
As reminder, they read as follows:
- Irish Trust Bank and Ken Bates - Ireland first major banking collapse
- Patrick Gallagher and Merchant Banking, the downfall of a property tycoon (I remember this particularly well)
- PMPA, the failure of Ireland's biggest insurance company and the lost deposits
- Insurance Corporation of Ireland: the State's bail out of Ireland's biggest bank
- Edmund Farrell, his removal from Irish permanent
- Ansbacher: a secret bank for Ireland's golden circle
- National Irish bank, encouraging tax evasion and ripping off customers
- The DIRT Scandal, bogus non resident accounts......
- Offshore tax evasion, nowhere left to hide hot money (Not true, FT makes interesting reading about offshore accounts)
- Politicians and the banks, clearing debts for VIP cusomters
- John Rusnak lost $691 million
- AIB and Foreign Exchange
- AIB and the Faldor scandal
George Santayana speaks words of wisdom, 'those who forget history are condemned to repeat it'.
I ask how did Ireland get caught out by developers, banks, business people, brokers, etc. at such quick haste from the last financial crisis, as experienced by most people in a certain age group, given the chapters in Simon Carswell's book, as highlighted above.
How much of where we are at, is in fact due to the Global emphasis undertaken worldwide from the 1980's onward.
Wednesday Irish Times 29th April 2009, I noticed a most intriguing article from Simon Carswell, Finance Correspondent.
We all are aware that Swenden encountered a similar crisis circa 1990. There is a Swedish model per consequence. A valuer who was appointed by the Swedish Government to a nominated 'vehicle' to determine property values during Sweden's banking crisis reported that there was a period OF DENIAL ABOUT THE PROBLEMS IN THE MARKET....HE WENT ON TO SAY THAT THIS CAN 'DESTROY' THE VALUE OF PROPERTIES.
Now this is a gem of wisdom to those of us around in the early 1980's, those of us forced to emigrate, then 1990's in the UK etc.
This is the time, we are least at guard.........this is the time, we need to take a deep breath and open our minds to solutions as distinct from blaming people. The people we blame have already lost significant sums of money, we need to ensure they don't take to the 'Bottle' or no good practices. We need to harness strengths with good common sense.
We all can make a contribution. Some people have real common sense and are not driven by the profit motive. Tap into this.
Today on Radio 1, RTE. Professor Honohan, Trinity College spoke and his words were blunt. If the Government did not give the guarantee, AIB and Bank of Ireland would be insolvent right now. He went on to say, some powerful political party had a very unhealthy relationship with property developers for too long. We are now worse off than Iceland according to Professor Honohan. He stated that Iceland was gettings its act together internally and there is a slight improvement in their economy. Ireland, he said has got to face up to some hard facts. He welcomed NAMA WITH A CAUTION and that caution being, it has to be independent of any political interference. NOTHING HAS REALLY CHANGED SINCE LEMASS.
Michelle Clarke.
We are currently not accepting any more comments on this article.
|
View Full Comment Text
save preference
Comments (10 of 10)