via The Pin:
Video about NAMA and a call to arms
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on Thursday, August 27th, 2009 at 9:13 am and is filed under Ireland, irishblogs, politics.
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Massive leaps from Bovale to Anglo and then Nama.
And what is with the music – Are we to be scared?
Are we to associate Nama with “bad things”?
If this is what the No to Nama campaign is about, then I have to categorise it as the latest in the “No to Everything” movement.
I am open to being convinced by the No to Nama campaign, but this is not the way to do it.
Well put together and absolutely nothing in this is untrue. That’s the scary bit!
I tried to comment in response to Ant’s “points” but a gremlin got in the mix.
He should try taking a root around the Namawatch forum on the ‘pin.
Bovale -> Loans from Anglo -> Crap Anglo Loan book leads to nationalisation and the Bank Guarantee -> Ridiculous guarantee and refusal to liquidate the loan book and the likes of Bovale = NAMA
NAMA – A scheme that will keep property prices as artificially high as possible whilst indenturing several generations of Irish taxpayers with zero upside.
As Ant said, massive leaps from Bovale to Anglo and then Nama. Just pure Fianna Fail bashing is what I made from it. A more substantial arguement needs to be put together. The country is in the toilet and something needs to be done, which means tough decissions have to be made!
Those leaps are not massive.
Just wait till you get your head around the derivatives book that NAMA is going to take on.
Make no mistake, FF banjaxed the country but Anglo was the mechanism.
Nationalised banks, state to become the bigest property owner …curfew to young drivers on the way…God, that’s first steps to communism ( totalitarianism ) …
Been there so hopefully that’s not the case…
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