NAMA’s Free Lunch for Shareholders

4 May, 2009

Since first advocating the Nationalisation of Ireland’s banking system in February here, public dialogue has shifted the focus of the debate. Although not lightly considered, Nationalisation is still a better option than the plan currently proposed by the government under the National Asset Management Agency. At least the government would then be pouring money into assets that it already owns, rather than simply bailing out share-holders.

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