Constantin Gurdgiev Presentation
- Why can’t we let the banks fail?
- Why we should have State ownership.
- Problem with NAMA legislation.
- Zombie banks are likely with NAMA, no credit flow
- Two incentives. pay short term debts, keep money as capital reserve
- Higher banks charges likely after NAMA
- Creation of a zombie development market after NAMA
- Lowest expected cost to taxpayer
- Five to ten years of economic stagnation and emigration
- Commission on Taxation Report
- NAMA: Who pays, who benefits?
- A Public Trust
- How should bad loans be managed?
- Public trust is not nationalisation
- Taxpayers should be put ahead of shareholders
- Countries that default: Argentina, Russia
- What should the Green Party do about NAMA?
