Tag Archives: nama

Stacy Summary:  A sad, sad day for the Irish people.  Why is it, however, that sad days for the people these days is always such a good day for bankers and banking shares?

• Irish bank shares soar on plans to socialize their losses

Fine Gael leader Enda Kenny said Nama was a “fatally flawed piece of legislation.”

He told the Dáil this morning it was the “economics of the madhouse, supported by the fiction of long term economic value.”

“The Government keeps telling us that Nama is not a bail-out for the bankers. In fact, the Taoiseach gets quite annoyed when we talk about bail-outs. Then perhaps he could explain why the share price of AIB is up 25 per cent this morning? And the share price of Bank of Ireland is up 16 per cent. Isn’t this a clear sign that the banks have got a great deal at the expense of the taxpayer?”