NAMA

"Write a blog on NAMA, as a Business student you all should have an opinion on NAMA or at least know about it!" - Colin. When Colin said this in class I was actually thinking to myself I haven't a clue what NAMA even stands for!

So, after some research I found that NAMA standing for National Asset Management Agency is an agency set up by the government to help the Irish Banking Sector to manage the bad debts. After all that I have read I am still unsure of the idea of NAMA but there is something telling me it could be for the best. For this country to get back up on its feet it is vital that the banks get on with lending to people in the normal way they should be. It also makes sense that a new team of specialists in NAMA are managing the debts instead of the people in the banks that made these loans in the first place. There are also many different conspiracy theories of the government paying far too much to the banks for these bad loans or paying far to little. A downfall for this Agency is how long it could actually take to put in place and how NAMA will operate in practice..

I am sure that NAMA will not be put in place without much thought and controversy so I think I'm sure to hear of it all!