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Fri 07 Jul 2009Nama not to pay 'bubble' prices, says Lenihan, as Bill published
EXTENSIVE POWERS to acquire development loans from banks at a significant discount have been given to National Asset Management Agency (Nama) under the terms of a draft Bill published yesterday.
Minister for Finance Brian Lenihan said the agency would not be paying “bubble property prices” to the banks for the loans and expressed confidence that in the long term the agency would be able to operate on a break-even basis.
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