Famous last words. I don’t normally do this, but this is a very important issue for the country. Today, 30th of March, the NAMA discounts were announced by the government. It’s been an interesting day and it looks, at least on the surfacce that the government is being a little bit more realistic in valuing the bad loans that NAMA are going to take on. A fact for which they are being critisied for as reports indicate that the various bodies are in shock at the high rate of discount applied. I can only say that I’m very, very glad. Personally I think they could have probably gone a bit further, but I suppose you could say that the aim of NAMA is to get money back in to the banks, so they couldn’t be doing the dog on the discounting. However, I think Mr. Lenihan may have gone a tad too far this evening. He said that Nama and the regulator had been told to be very conservative and cautious. “All the downside risk has been taken into account,” he contended. Famous last words.
Monthly Archive for March, 2010
My childhood was typical. Summers in Rangoon, luge lessons. In the spring we’d make meat helmets. When I was insolent I was placed in a burlap bag and beaten with reeds- pretty standard really. At the age of twelve I received my first scribe. At the age of fourteen a Zoroastrian named Vilma ritualistically shaved my testicles. There really is nothing like a shorn scrotum… it’s breathtaking- I highly suggest you try it.
My father was a relentlessly self-improving boulangerie owner from Belgium with low grade narcolepsy and a penchant for buggery. My mother was a fifteen year old French prostitute named Chloe with webbed feet. My father would womanize, he would drink, he would make outrageous claims like he invented the question mark. Some times he would accuse chestnuts of being lazy, the sort of general malaise that only the genius possess and the insane lament.
Earned my “Ikky Stinky Peanut Butter Like Poo” Badge of Achievement earlier this evening. Surely it can’t get any worse than this? 3 days without a poo, and then all hell broke loose when we were on our way to Kinsale this afternoon. Judy changed that one (God bless her stomach), I changed the next one a few hours later. Although I had offered Judy €20 to do it, I did it in the end. It was a character building experience. Stern stuff.
Saw this today on a walk through Kinsale:
In pale blue with a wooly sheepskin seat cover. Suitable for 2 – 5 year olds, manufactured by an English company, Skipper Toys. I think, along with the Wishbone Bike, that I’ve found the perfect instruments to get Eve hooked on bikes :o)