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Sat 08 Aug 2009Who stands where on Nama?
The official debate will have to wait until next month, but public arguments over the wisdom of the Nama plan continue to dominate
IT IS 20 weeks since the Government announced plans to set up the National Asset Management Agency (Nama), the so-called “bad bank”, in an attempt to cleanse contaminated property development loans, kick-start lending and save the economy. However, a key factor in determining whether the plan will work still remains a mystery. The Government has yet to say how much it will pay the three participating banks and two building societies for loans valued at €90 billion on their books.
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