NAMA Bonds–so who do you think is taking the risk? »
By Brian on Sep 13, 2009 in Economics, Featured, NAMA, Shares | 1 Comment
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 […]
