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Thu 05 May 2009Banking debate has been reduced to false dichotomy
ANALYSIS:IT IS striking that what is certainly one of the largest and most complex financial policy initiatives ever undertaken by the State has been reduced not just to a soundbite, but to an apparent toss-up between two words: Nama and nationalisation, writes PATRICK HONOHAN
How can there be a reasonable public debate on such an important issue when these apparent alternatives are not in fact mutually exclusive? The proposed National Asset Management Agency could be employed to deal with distressed assets of nationalised banks, as have comparable asset management companies in many countries.
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