Finance Minister Brian Lenihan has told the Dáil that the National Asset Management Agency will pay an estimated €54 billion for loans with a book value of €77 billion from the banks. He said this represented a discount of almost 30%. Mr Lenihan said there was a risk of paralysis if the Government did not act to get credit flowing in the country's banks. The Minister said that the banks should be grateful to the citizens of Ireland for the protections the measures would bring.
The Fine Gael finance spokesman Richard Bruton said the €54 billion figure represented €34,000 for every family in the country. He said the taxpayer was being asked to pay for the assets at a time when cuts are happening across the public service.
This means that families across Ireland will be under even more pressure financially then before. The next budget is set to be a massacre for low & middle income families as the government throws €34,000 from each familiy at the banks and in return the banks will up interest rates and charges.
Debt Assist can help families in this situation we have experienced advisors who have negotiated huge reductions on the repayment schedules of many families and have interest and other charges frozen. Call use on 1890 87 67 27 or visit our website at www.debtassist.ie and book a FREE consulation with one of our advisors.
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I'd just like to say that i'm completely opposed to NAMA and the difficult position it will put everyone in the country into... The budget will obviously compound any debt problems people are experiencing and wheres our NAMA. If it wasn't for Debt Assist working hard to resolve my situation i'd probably of ended up out on the street because the Government certainly wasn't going to help me since i'm not a Banker.....
ReplyDeleteI totally agree with you Paul, Debt Assist is the only way the little people are getting a say at the momemt. It's crazy the banks get a load of money and still expect to be paid unrealistic amounts of interest and everything else....
ReplyDeleteHi, ive just used Debt Assist and they halved my repayments. I whole heartedly agree with ye guys, they actually are a blessing. My Quality of live has sky rocketed since dealing with them and the sleepless nights are gone
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