Hard line needed with banks

Brian Lenihan has a number of crucial decisions to make to ensure that taxpayers’ worst nightmares do not come true

8th August, 2009

We will all need to brace ourselves for September’s National Asset Management Agency (Nama) debate. Amid arguments about haircuts and bail-outs, capitalisation and ratios, we will all be in territory that we have had to become familiar with over the past year, but still often struggle to understand.

The government has yet to show its hand, in terms of the key issue of what it will pay for the loans. Out in the...

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