Shur NAMA is the new Galway Tent, Bankers, Developers, Politicians all in each others pockets. We are no longer surprised by such headlines, it;s been the norm now for decades.

The toxic bank is one of the most secretive state organisations and is specifically excluded from the Freedom of Information Act. Owned by the Irish Taxpayer, for the Benefit of the Elite. Previously protected by FF, now protected by FG/Labour Blueshirts….!!!

We can no longer trust either our Political or Banking institutions. Every rock that gets turned is rotten with corruption..!!!

On a technicality, the very definition of an agent is that they act on someones behalf. NAMA owns these properties.

Is NAMA not meant to work on the behalf of the taxpayer?

What law was breached?

The NAMA Act 2009 http://www.irishstatutebook.ie/pdf/2009/en.act.2009.0034.pdf “It is a criminal offence for staff to use confidential information for their own benefit” Sunday Times. In the Act it is on page 122 Section 202.2.

What confidential information? Are Nama seizures and sales not public record?

Well done Brian for fishing that out, Seanbeg, not totally true that seizures and sales are a matter of public record. Yes seizures are published but they are done in such a way that its nearly impossible to identify properties. Sales all we know that there have been approx 700 sales, where they were we don n’t know apart from 2 high profile sales in Cork which were sold “off market”. Having said all that it will take some leap to prove that the section quoted by Brian has been breached so I would not hold my breath. Of course if they had appropriate procedures in place we would n’t be having this discussion.

Exactly Danny. What’s all the fuss about??? Corruption is alive and well and thriving in Ireland despite Austerity, and financial turmoil.

In fairness now lads, and lasses, you knew from the very birth of NAMA that it was just a mechanism to provide discount property to the “lucky few”, why the hell are ye all moaning about it now??? It’s too late.

Instead of wasting your pathetic lives thinking you can defeat corruption and political sleaze by typing rants and baseless accusations on an internet news forum, why don’t you actually get yourselves organised and stand up to this elitist bullcrap???

Yaysus the Quinns, by all accounts, are as bent and twisted as a 7 euro note but they have managed to garner more support than any group, party or individual who has spoken out against Austerity, corruption or social injustice. Figure that one out.

Come on, somebody get off your backside and do something. I’d do it myself but to be honest I’m incredibly busy just now trying to keep my own head above water, but more importantly, I know deep down it would be a totally worthless, and thankless, enterprise and the end result would be pathetic failure because the people I would be trying to defend would be too bloody lazy or or ignorant or impartial to realise the seriousness of the situation to even bother to support me.

Anyway, if somebody else wants to take up the gauntlet I promise to support them as much as I possibly can. I have a couple of hundred euro to donate, a van at my disposal, am free on Saturday afternoons until 7pm, also Monday and Tuesday mornings, and I could possibly serve 2 or 3 weeks in prison if it can hard line tactics were necessary.

What more can I do?????? :)

Whose market value though?

Who the hell do you think? The fish market at Billingsgate?

Open market value or NAMA’s staff discount value?

If it was done openly and with complete transparency it would be hard to say anything was wrong but if not, it’s like a form of insider trading, there are a lot more skeletons in NAMA’s wardrobe , I assure you f that.

No he didn’t get it for free he bought the house for €410,000 in a private sale whereas the Sunday Times report that the house would have fetched between €725k to €750k on the open market.

Really? Because I’ve just investigated Daft and Myhome and there are no 5 bed homes in Lucan that have an asking price that high.

Really! http://www.daft.ie/searchsale.daft?id=584438 “Stunning 5 Bed/4 Bath Dream Home” Take into account falling property prices in the past year and the fact that it ( Sundaywell) is being refurbished to extend to 3,250 sq ft on it’s own grounds and is not in an estate and the price goes up fairly quickly.

Still doesn’t match the price you quoted and it’s the only one that comes even close. Plus that is only the asking price and the sale price would be much lower.

Seanbeg not all houses have the same price as it depends on location and type of house etc. House prices have fallen each year. The house I have highlighted is going for €695,00 today. On the 25-09-2010 the same house was on the market at €850,000 http://www.irishpropertywatch.net/viewSalesPropertyHistory.php?Ext_ID=157-laraghcon-lucan-co-dublin/217073&Site=myhome You can work out the rest for yourself.

Do you really think an ”insider” would make a bad buy Seanbeag??

It doesn’t matter what price he paid, what matters is he was privileged by his position to buy a house we the ordinary citizen were excluded from buying. It’s same old golden circle in operation all over again. One rule for all, or no rule at all.

Agreed, FF’ers mouthing off about ethics is about the only “news” here.