Scott Boyd wrote an interesting post today onIreland Creates the Net Asset Management Agency | OANDA <b>Forex</b> Blog
Here’s a quick excerpt
For starters, NAMA will pay banks to transfer loans to the agency, but it will be at a discounted rate to reflect a value closer to the market rate. This effectively rids individual balance sheets of some of the losses but not all …
Read the rest of this great post here: Ireland Creates the Net Asset Management Agency | OANDA <b>Forex</b> Blog