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Archive for February 27th, 2010

Have a quick read of Simon Carswell’s piece on NAMA in today’s Irish Times. Look at the detail – the first loans will now be transferred by 5th March 2010, the first amounts will be : “Allied Irish Banks is moving more than €3 billion in the first wave, Bank of Ireland over €2 billion, Irish Nationwide just shy of €1 billion and EBS building society about €150 million.”

Very detailed information and where does he get this insider information from? The last update from NAMA was about their senior appointments a couple of weeks ago and before that a statement in November 2009. NAMA is getting off to a very bad start where select media seem to know what’s going on ahead of politicians and the general property and financial markets to which NAMA is very important.

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