GAN lets the people speak

NAMA is a complex messy proposal. But we found that a fair number of people have seen through the spin to get to the heart of the issue. Let us hear what you think – leave a comment, please.

And now for you viewing pleasure……

Posted in Campaign. Tags: , , , . 2 Comments »

2 Responses to “GAN lets the people speak”

  1. Peter Mathews Says:

    Around 2002 the Irish Banks abandoned the fundamental Priciple of Fractional Reserve Banking. This resulted in irresponsible and dangerous creation of a credit pyramid evidenced by extremely bad lending over the last 5-6years (in total bad lending may amount to €100bn out of total balances on loans to customers now standing at about €400bn). …………………… The NAMA Proposal is not as transparent. The operation of NAMA would create “swamp” and “fog” uncharted conditions thus delaying market corrections and economic recovery.


    Admin note – this was a very long and interesting comment that has been moved to the long comments page here.

  2. benedictryan Says:

    And furthemore
    The odds are against NAMA working.
    That is a totally irresponsible risk to take.
    In a study sample of 40 countries banking crisis between 1970 and 2000 only 15 used a NAMA ( a centralised asset management company)
    In a study of seven countries that have tried it only three can be said to have acheived their goal.
    See excerpts (below) from two World Bank research reports


    Note from the administrator – this was a huge comment but also very interesting – I have created a page here with the whole of the comment.

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