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	<title>Comments on: Winter Wonderland</title>
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	<link>http://doohan.org/blog/2009/11/04/winter-wonderland/</link>
	<description>The answer to &#039;too much debt&#039; cannot be &#039;more debt&#039;.</description>
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		<title>By: Eamonn76</title>
		<link>http://doohan.org/blog/2009/11/04/winter-wonderland/comment-page-1/#comment-31</link>
		<dc:creator>Eamonn76</dc:creator>
		<pubDate>Thu, 05 Nov 2009 23:41:13 +0000</pubDate>
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		<description>Mr Doohan,

I am not a Green supporter, or of any other party. My concern is with NAMA.
The behaviour of the leadership of the Green party in respect to NAMA is unprecedented.
They have misled the country on bogus 5% risk-sharing (it wasn&#039;t even that large to begin with), the private ownership of a €54 Billion publicly funded NAMA, and the replacement of the bank levy with a surcharge only Buck Rogers will live to see affect our banks. They pledged 2 of them and were lying. The SPV was a massive lie of omission.
The chicanery, dishonesty and stroke pulling which they used on their members to get NAMA approved were truly disgusting and again unprecedented. At every stage there was deceitful manipulation.
I would urge any supporters outraged by the many betrayals on NAMA not to leave the party until after the loans are being transferred. 
Threaten to leave by all means but do not do it until then please.
If you can stop NAMA that would be fantastic. Temporary state ownership is the correct solution. 
But if you can&#039;t please try to get risk-sharing restored and expanded. That would save the country badly needed billions.
Even better if you can make NAMA value the loans at a prudently low amount, as any commercial business would. 

Thank you to you for your work on this and thanks to Greens Against NAMA too.
Independent property loan expert Peter Mathews is right when he says NAMA will lose €20 Billion. It is worthwhile trying to reduce this for as long as that is possible.</description>
		<content:encoded><![CDATA[<p>Mr Doohan,</p>
<p>I am not a Green supporter, or of any other party. My concern is with NAMA.<br />
The behaviour of the leadership of the Green party in respect to NAMA is unprecedented.<br />
They have misled the country on bogus 5% risk-sharing (it wasn&#8217;t even that large to begin with), the private ownership of a €54 Billion publicly funded NAMA, and the replacement of the bank levy with a surcharge only Buck Rogers will live to see affect our banks. They pledged 2 of them and were lying. The SPV was a massive lie of omission.<br />
The chicanery, dishonesty and stroke pulling which they used on their members to get NAMA approved were truly disgusting and again unprecedented. At every stage there was deceitful manipulation.<br />
I would urge any supporters outraged by the many betrayals on NAMA not to leave the party until after the loans are being transferred.<br />
Threaten to leave by all means but do not do it until then please.<br />
If you can stop NAMA that would be fantastic. Temporary state ownership is the correct solution.<br />
But if you can&#8217;t please try to get risk-sharing restored and expanded. That would save the country badly needed billions.<br />
Even better if you can make NAMA value the loans at a prudently low amount, as any commercial business would. </p>
<p>Thank you to you for your work on this and thanks to Greens Against NAMA too.<br />
Independent property loan expert Peter Mathews is right when he says NAMA will lose €20 Billion. It is worthwhile trying to reduce this for as long as that is possible.</p>
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