You couldn't make this up - Some Odd Facts About NAMA

[The Moth]

Forum has close links to Ronan and Barrett, according to the Indo:

http://www.independent.ie/business/i...k-3236554.html

The Sunday papers have not picked up on the fact that Forum, Enda Farrell's new employer have close links with Treasury. This means that Treasury have had all Nama's documents relating to the legal cases. No wonder Nama are all over this, they look like complete turkeys and incompetents.

[C. Flower]

http://namawinelake.wordpress.com/20...ty-off-market/

Nama still going ahead with selling properties off the open market, out of public view.
Will they never learn?

[DCon]

I laughed

Asked what safeguards Nama had in place to protect it against the possibility that former employees could be snapped up by investment funds with a view to exploiting their insight into its operations, Mr Daly said: "We have in their contracts constraints and clauses about confidentiality... and if they end up coming back into Nama and try to do business with us on behalf of some fund there would be restrictions on that."

http://www.independent.ie/national-n...e-3244310.html

[MPB]

I laughed



http://www.independent.ie/national-n...e-3244310.html

What if they turned up in disguise? Or cleverer still, did,nt turn up at all, but furnished someone else with the confidential information?

These people are so untouchable, that they can afford to be blatantly thick.

From day 1 I said the NAMA was set up for the sole purpose of enriching the connected, while forcing the rest of us to pay their debts.

[DCon]

I laughed again

"The readjustment that this has necessitated in the sector is now well under way and the medium and longer-term prospects for the property markets and for the construction industry in Ireland are positive."

http://www.independent.ie/business/i...t-3243793.html

[DCon]

From day 1 I said the NAMA was set up for the sole purpose of enriching the connected, while forcing the rest of us to pay their debts.

you will be proven correct, I fear

[Stanley 2]

The Sunday papers have not picked up on the fact that Forum, Enda Farrell's new employer have close links with Treasury. This means that Treasury have had all Nama's documents relating to the legal cases. No wonder Nama are all over this, they look like complete turkeys and incompetents.

Treasury are a busted flush, they may well have had info from Farrell's connections but would think they used it with the "firms" they used to try to buy out their loans.

These "firms" wanted Nama not only to finance them but pay Treasury annual fees for the privilege, the arrogance was unreal but they had to have inside info to say they knew Nama would/may finance deals to take over Treasury.

[jpc]

I see from one of todays papers that Farrell got the push from his new employer.

[PaddyJoe]

I see from one of todays papers that Farrell got the push from his new employer.

As did his other half from Ernst & Young.

[C. Flower]

An explosion on a Nama housing estate.

http://namawinelake.wordpress.com/20...ousing-estate/

Nama has the derisory sum of €3 million set aside for repair of its property.

[DCon]

Farrell was quite liberal sharing the confidential NAMA info

FORMER NAMA executive Enda Farrell has given the High Court details of the people to whom he sent highly confidential agency data he allegedly misappropriated from the agency.

Mr Farrell said he also forwarded emails of listed items to named persons in a Canadian asset management company and the owner of a real estate investment management business based in London. After he terminated his employment with Nama, he had worked with an English investment management company, Forum Partners, as a consultant and was retained in Dublin on a six-month contract, he said.

Between April 9th and July 31st last, he said had sent 15 emails containing listed items to persons not employed by Nama/NTMA, he said. He named a number of individuals, including a person working for a Dublin estate agency and two working with a Dublin-based investment management company. He had sent a mail to another named individual with a Dublin-based Canadian asset management company with an attachment, he said.

In a second affidavit, Mr Farrell said he had identified a further nine emails via which he sent listed items to people outside the employ of Nama. Those documents included a case study of one asset under Nama’s control.

http://www.irishtimes.com/newspaper/...325059116.html

[Stanley 2]

Farrell was quite liberal sharing the confidential NAMA info



http://www.irishtimes.com/newspaper/...325059116.html

If what Farrell has done constitutes a criminal offence, would expect Nama to go for the jugular, they could not possibly leave him off the hook.

Nama will still be here in 10 years and an example must be set to all.

[DCon]

NAMA involved in the Kerry Group jobs deal

No political interference I bet

NAMA sold the Naas site to Kerry Group and it is likely to have cost around €2.5m based on its current valuation.

http://www.independent.ie/business/i...p-3255626.html

[DCon]

NAMA involved in the Kerry Group jobs deal

No political interference I bet

NAMA sold the Naas site to Kerry Group and it is likely to have cost around €2.5m based on its current valuation.

http://www.independent.ie/business/i...p-3255626.html

Nama acquired the loans behind the Millennium Business Park, which was sold, together with adjoining lands, for a record €315 million in 2006 to developers Tom Considine, Gerry Prendergast and Paddy Sweeney.

http://www.irishtimes.com/newspaper/...325093596.html

[Baron von Biffo]

NAMA involved in the Kerry Group jobs deal

No political interference I bet



http://www.independent.ie/business/i...p-3255626.html

Neither of the Kildare constituencies has a minister so that's probably a safe bet.