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EACH WEEKDAY EVENING, TheJournal.ie brings you five things you should know before you head out the door.
1. #CHILDREN: The HSE’s head of child services will meet the Garda commissioner and lead the executive’s review into the taking of two children from Roma families in Tallaght and Athlone.
2. #ALCOHOL: The Government’s plans for minimum prices on alcohol were published today with the Department of Health stressing that it won’t mean across the board price increases. Alcohol sponsorship of sport will remain legal subject to a working group report.
3. #JOBS: Aer Lingus is to close a cabin crew base at Shannon Airport employing 87 people following a dispute with the IMPACT trade union.
4. #CANNABIS: Luke ‘Ming’ Flanagan today launched the Cannabis Regulation Bill 2013 which would legalise the use of cannabis and legislate for its cultivation. Here’s what it said.
5. #MADDIE: Police in Portugal are to reopen the investigation into the disappearance of Madeleine McCann from a holiday resort six years ago.
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Can I have my money back now
It’s like’…..burning your furniture – to keep warm!
Why are PwC saying this instead of IBRC and NAMA?
As property prices start to rise nama , ibrc start to dump property
Can someone explain why?
Dumping loans philip, not property. They’re Dumping the loans as they’re non-performing and want to get them off the balance sheet.
If they had the patience, they’d put arrangements in place to allow the properties to return to positive equity and then seek a sale, this recouping more of the tax payers money.
Unfortunately, they’ll sell the loans for a discount and allow the new purchasers to do this and net a tidy profit.
The article outlines that IBRC (IBROKE would probably be a better name) will offload € 15 billion in loans.
Yet the linked article tells us that IBROKE have already offloaded 90% of its loanbook, € 19.8 billion out of € 21.7 billion leaving just € 1.9 billion on hand.
This can only mean, if the previous article is correct, that it is NAMA that is offloading the majority of the loans.
Why the subterfuge?
Why make people think that this is some kind of joint enterprise when it is NAMA that is leading the charge?
Have the shiny suit brigade from the canal something to hide?
Given their obsession with secrecy it would not surprise me if they have, perhaps selling the loans to some preferred customer with an inside track at a serious discount.
The way things go it will all be wrapped up before we know anything, plus ça change.
Who in their right mind would buy this junk?
It might only be worth 30% of face value but if you buy it for 20% it’s a good deal. For the buyer anyway.
@ Irish Revolution
The Banks?
Hedge funds bought it. They will now sell off all the ghost estates etc at a lower price so people that have houses for sale at the min will eventually have to sell for half or take them off the market.
Fab house here in drogheda asking price €325. Hilarious. You could now nearly get a house for that on raglan road or ailsbury road!! So that house is realistically worth less than €150 really.
People and notions ha
What about Bank of Scotland selling on my mortgage & others in their Irish portfolio to a company called Tanager Ltd.
I’m in a tizzy all day because I don’t know what it means for us.
have your say