Archive for September 13th, 2009

NAMA Bonds–so who do you think is taking the risk? »

The government, via NAMA, will pay for the banks’ assets by issuing “NAMA Bonds”. The banks will be given bonds totaling the estimated fair value of the assets the government will agree to take off their hands. That’s the taxpayers’ “risk”…no cash is paid..just a taxpayers’ bond, if you like, ..actually a promise to pay […]

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Video: About NAMA(2009)
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