Details of the workings of Nama begin to emerge

Details of how Nama will operate and what sort of developers will be targeted are becoming clearer, writes Ian Kehoe

30th May, 2009

The €90 billion question

Just how is the proposed National Asset Management Agency (Nama) planning to take between €80 and €90 billion of ‘‘infected loans’’ off the balance sheets of the main Irish financial institutions, and restore them to good health?

Michael Somers did not have many answers. The chief executive of the National Treasury Management Agency (NTMA) , under whose aegis Nama will operate, told the Dáil Public Accounts committee...

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