NAMA is the talk on everyone’s lips these days. The question is should it go ahead given the exposure of the taxpayer . . . After all we are talking about 90billion euro worth of toxic debt. What can that be valued at 30b, 20b, 10b?

What I fail to understand is why Minister Lenihan isn’t achieving more for the taxpayer in return from the banks eg., guaranteed lines of credit for business, creative solutions to enable homeowners hold onto their homes til the downturn lifts.  (He doesn’t appear to be putting the boot into the banks at all). Without assurances such as these what’s in the deal for the taxpayer?  Right now the banks are the only ones getting money in this country. Surely, it is time there was fair play, what do you think?