Government considering deferring payment of some of “bad bank” NAMA bonds to ensure more equitable risk sharing between banks and taxpayers
Sep 9th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Government is reported to be considering deferring payment on some of the bonds to be issued to the banks by the "bad bank," the National Asset Management Agency (NAMA) to ensure more equitable risk sharing between banks and taxpayers, when NAMA becomes the repository of property-related loans worth an estimated €90 billion.