Reversing NAMA

dsmythy

I've seen a lot of talk about getting rid of NAMA and people being against pumping money into banks. However with the mechanism already ongoing and large sums of money already garnered to put into Irish banks is it feasible to do so? And if it is, how would we revert to the situation before NAMA was first proposed and the banks were still private institutions, if indeed it's possible at all?

I ask because if you read the websites of various groups against how the government is dealing with the banks issue I struggle to find other ideas proposed in it's place. What are the alternatives?

RubyBlu

Go completly bankrupt and have Europe take us over. I actually think that would be a better outcome for our children than the current crowd's idea. We're screwed anyway, right? At least then, we may end up in the black. The way it is now the taxpayers will be indebted for decades.

Atlantic Dawn

I am getting the impression that we are in a much worse position than Greece lately, I hope I am wrong.