RSS FeedDraft Legislation For The National Asset Management Agency (NAMA)
Posted by Senan
Different parts of the media have taken different angles on its likely success or otherwise. Claire Byrne interviewed Brian Lenihan this morning on Newstalk radio and he came across very assured and confident. There was of course the occasional political sidestepping, such as when Ms Byrne asked would the retail banks be forced to reveal a timeframe to return to lending normality, but that's just par for the course. The Herald AM painted a picture of decades of liability for Irish taxpayers if NAMA failed to extract the required money from the delinquent developers. Fair enough. The acid test will be how the Sundays deal with it as they will have had more time to digest the details.
And all the while the markets power ahead as if nothing were amiss. Company reports keep piling in. Some are bad, others (some surprisingly) are good. Interesting times indeed, but certainly a nerve racking time to be dabbling in equities.
Enjoy the bank holiday...
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