Thursday, August 20, 2009

NAMA, FT and the IMF

Martina Devlin (of the "Ship of dreams", "The hollow heart" and "Temptation" fame, http://www.martinadevlin.com/) puts pen to paper again to support NAMA.
http://www.independent.ie/opinion/columnists/martina-devlin/solution-isnt-perfect-but-its-no-time-for-bickering-1864597.html

There is a lot of hot air in there, but I ll just concentrate on the idea that the FT (yes the Financial Times!!!) and the IMF have endorsed the NAMA plan.

I think you will agree with me that an endorsement of the NAMA by the FT is marginally more credible than turkeys voting for Christmas (hint: they don't!)
FT is a owned by a company that tries to sell papers to investors traders and the like, so you
would have hardly expected FT to say to their readership that they are toast if they have invested in the insolvent Irish banks (not good for business to piss off your readers)

As per the IMF endorsement, the Orwellian propaganda really excels itself here.
IMF explicitly says that NAMA only follows a nationalisation in order to avoid the pricing issue.

I wonder where did Ms Devlin got her ideas to write this piece!
Posted by at

7 comments:

  1. Lord WellingtonAugust 21, 2009 at 12:42 AM

    NTN,

    Do you respond to comments?

    If you do, and given that there are more than one NTN, do each of you have a name wherein a conversation can happen for the benefit of all?



    "No To Nama
    The creators of this site are current and former finance professionals that believe that NAMA is a disaster for Ireland. We care about the future of this country and we just want to get people to react to NAMA and ask for a better solution."

    ReplyDelete
  2. AnonymousAugust 21, 2009 at 1:27 PM

    Wellington
    I have not responded to any comments so far
    but if you need a response to a question fire away!

    (I am a rather novice blogger so i dont even know how to post so that it is clear that its the administrator and not someone else!any help?)

    ReplyDelete
  3. No To NamaAugust 21, 2009 at 1:29 PM

    Again please aska question if you want

    Notonama.blogspot.com

    ReplyDelete
  4. Lord WellingtonAugust 23, 2009 at 12:07 AM

    “No To Nama said...

    Again please aska question if you want

    Notonama.blogspot.com”


    OK.

    Thanks for that.

    I don’t now exactly what “aska” is but here goes.

    Do you think that the Supreme Court has been but and paid for by Fianna Fail?

    Yes or No?

    Is that an “aska”?

    ReplyDelete
  5. Lord WellingtonAugust 23, 2009 at 1:28 AM

    Sorry that was bought and paid for.

    ReplyDelete
  6. Lord WellingtonAugust 23, 2009 at 1:53 AM

    NTN,

    Let’s see if you are real.

    Let’s take it that

    “The creators of this site are current and former finance professionals that believe that NAMA is a disaster for Ireland. We care about the future of this country and we just want to get people to react to NAMA and ask for a better solution.”

    Here is a question.

    What is 1 + 1?

    Here is another 1.

    What multiplied by -36 = 806?

    ReplyDelete
  7. No To NamaAugust 23, 2009 at 11:21 AM

    Huh?

    Is this some sort of a trick question?

    What are you trying to do here?

    ReplyDelete

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