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Just a stupid naive person, wishing to understand NAMA!

deco1610 · 2009-12-11 22:53:18

I know that this could be asking a lot of the boards, but could somebody out there give me a quick run down about what NAMA is about, and some of its benefits and detractions? I understand parts of it in principle, that the Government is setting up an external bad bank to purchase the bad, unpayable loans and mortgages…

11-12-2009 10:53pm

#1

deco1610

Closed Accounts Posts: 67 ✭✭

Join Date: November 2008

Posts: 52

I know that this could be asking a lot of the boards, but could somebody out there give me a quick run down about what NAMA is about, and some of its benefits and detractions?

I understand parts of it in principle, that the Government is setting up an external bad bank to purchase the bad, unpayable loans and mortgages from the most vulnerable banks in the most dire of all straits, but I am lost in all those conversations on the proposal itself.

Some help, any help, would be greatly appreciated

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#2 13-12-2009 11:11pm

Flamed Diving

Closed Accounts Posts: 6,609 ✭✭✭

Join Date: May 2008

Posts: 6336

NAMA FAQS:

http://www.nama.ie/Publications/2009/NAMAFAQs.pdf

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