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Wed 11 Nov 2009Nama - your new bank manager
Nama is not a willing investor in existing or new projects – it just wants the money back – and developers must recognise this
WE HAVE the final form of the legislation. We have Nama’s draft business plan. The participating banks are busy with the valuation process and are on course to transfer their loans to Nama in 2010. But many borrowers and their advisors are not sure what comes next? Am I in Nama and, if so, what should I be doing?
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