Search Results for 'National Asset Management Agency'

When historians in 2020 analyse our current politics, the most profound Government decisions will be those relating to our banks.

When historians in 2020 analyse our current politics, the most profound Government decisions will be those relating to our banks.

When historians in 2020 analyse our current politics, the most profound Government decisions will be those relating to our banks.

The banks must co-operate fully with the State in order to serve the best interests of the taxpayer and the economy, according to Fianna Fail deputy Bobby Aylward.

I don’t understand the proposed National Asset Management Agency. I have listened carefully to Finance Minister Brian Lenihan and his chief adviser, Peter Bacon. I have read all the news reports. I have gone online to read background information on the theory and practice of bad banks and toxic debts.

Just over a year since the Lehman Brothers filed for bankruptcy causing financial shock waves throughout the world, with the crest of these shock waves forcing Ireland into a deep recession, the Government’s legislative resuscitation for our economy, through the establishment of the National Asset Management Agency to purge the five financial institutions in the country — AIB, Anglo Irish Bank, Bank of Ireland, EBS Building Society and Irish Nationwide – of toxic loans which were incurred during the property boom, has begun.

Just over a year since the Lehman Brothers filed for bankruptcy causing financial shock waves throughout the world, with the crest of these shock waves forcing Ireland into a deep recession, the Government’s legislative resuscitation for our economy, through the establishment of the National Asset Management Agency to purge the five financial institutions in the country — AIB, Anglo Irish Bank, Bank of Ireland, EBS Building Society and Irish Nationwide – of toxic loans which were incurred during the property boom, has begun.