Nama’s Northern loan Book -Scandal.

Well well, the establishment have made a mess out  of Nama, two men have been charged in the North with fraud in respect to the sale of Nama’s Northern loan book. It was sold for less than one third of its book value of sterling $4.5 billion. Basically sold for a song to a American company Cerebus who obviously got a bargain. Wouldn’t you make a “killing” here if you had the credit rating. Mick Wallace then TD now MEP raised the matter in 2015 in the Dail that one politician got over £7 million lodged in a Isle of Man bank account obvious kick-back  or “Success fee” as the politicians call them.

You have the Vista  of state  assets being sold for way less than their worth and then the “state” paying three times the price when it comes to the National Broadband Plan- € 3 billion when Eir (formerly Eircom ) said they would do it for  €1 billion, big difference what ?

The Broadband plan and that National children’s hospital are obvious examples of waste and government corruption. What country can be run this way, One that ends up being bankrupt ! One that needs the Troika (The EU, the ECB and the IMF)  to bail it out and put the citizenry even deeper in debt.

 

TD Mick Wallace ‘told he would be “sorted” for raising issues on sale of NAMA Northern loan book’ – Dáil hears

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.