Irish government backs banks with bad loan purchase

摘要

Ireland's Fianna Fail government is creating a National Asset Management Agency (NAMA) to take risky land and property development loans off the books of the country's banks. The government published its 'bad bank' bill last month, and a heated parliamentary debate started a few days later.rnBanks are in favour because it gets them out of a hole, but opposition parties and academics are against it, arguing that NAMA will overpay for dodgy loans, let banks off lightly and saddle taxpayers with costs.