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namawinelake - Sun May 19, 2013 14:00 Well that day has finally arrived. After 3.5 years and 2,700 blogposts, this is the final NAMA wine lake blogpost. I truly regret that I can?t continue something that has become more than full-time and has stopped me leading anything like a normal life. There was going to be a much longer farewell blogpost but […]  A
namawinelake - Sun May 19, 2013 14:00 For two of the past 3.5 years on the NAMA wine lake blog, the ingenious talent that is Japlandic has very kindly offered their services with interpreting what have been historic events as well as everyday commentary such as on political pay and perks. Today, Japlandic produced the following image for what was intended to […]  A
namawinelake - Sat May 18, 2013 00:02 Table of the Week This week, the European statistics agency, Eurostat published the latest GDP data for the EU and selected non-EU countries. Nine of the 27 EU countries are clearly in recession with two successive quarters of negative GDP growth, but as we know on here, Ireland too is in recession because although […]  A
namawinelake - Fri May 17, 2013 14:23 ?Additional financing to existing borrowers: The merged entity may not provide additional financing which is not contractually committed at the time of the approval of the joint restructuring plan (in line with the commitment referred to in point (ii)).? European Commission decision on 29th June 2011 on the run-down of Anglo and Irish Nationwide There […]  A
namawinelake - Fri May 17, 2013 12:30 According to the US court service, PACER, there have been 52 filings so far in Sean Dunne?s bankruptcy in Connecticut ? the betting is that by the time this bankruptcy is resolved there will be a multiple of 52. Yesterday?s filing is by Sean?s wife, who is now styled ?Gayle Killilea Dunne?, not Gayle Killilea […]  A
namawinelake - Fri May 17, 2013 11:39 Welcome to another depressingly sparse and qualified blogpost on NAMA?s latest foray in Dublin?s High Court. Yesterday NAMA, or specifically, National Asset Loan Management Limited represented by top-tier law firm, McCann Fitzgerald launched two separate actions in Dublin?s High Court ? case references 2013/1590S and 2013/1591 S. The defendant in the first case is an […]  A
namawinelake - Thu May 16, 2013 15:43 This afternoon in Dublin?s High Court, Mr Justice Iarflaith O?Neill ruled in favour of the colourful Johnny Ronan?s landlord company in a case against the tenant, the Irish Medical Council. Johnny?s company, Tanat Limited, co-owned with Kildare developer Peter Conlan had claimed that a lease on a property, Kingram House off Fitzwilliam Square pre-dated February […]  A
namawinelake - Thu May 16, 2013 13:51 ?These are challenging times for the whole banking sector in Ireland, not just for the domestic banks. KBC Ireland is an important provider of credit to the Irish housing market and as the Deputy rightly points out the Bank has extended some ?14 billion of credit to the Irish economy.? Minister for Finance Michael Noonan […]  A
namawinelake - Thu May 16, 2013 11:09 If you were asked to name the NAMA board, you?d probably struggle beyond Brendan McDonagh the CEO, Frank Daly the chairman and John Mulcahy the head of asset management. But there?s a former IMF mission chief there also, Steven Seeling, not to mention a former county manager William Soffe, former KPMGer Eilish Finan and the […]  A
namawinelake - Thu May 16, 2013 06:30 The former CEO of the NTMA and now Government-nominee to the board of AIB, Michael Somers made headlines a fortnight ago when he claimed that increased regulation was leading to international banks to hand back their licenses and exit from Ireland, taking their business and contribution to the economy with them. The comments were interpreted […]  A |
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