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Tue 06 Jun 2009Nobel laureate questions whether Nama plan will work
THE 2003 winner of the Nobel Prize in economics, Robert Engle, has said he does not think the US plan to deal with toxic bank assets will work and therefore does not know whether the “bad bank” plan in Ireland will work.
Prof Engle, a professor of finance at New York University’s Stern School of Business, said: “I don’t think the US one is likely to work so I don’t know if Ireland’s one is going to work.”
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