So what is the purpose of NAMA, or indeed the other idea for resolving the current banking crisis, the temporary nationalisation of Irish banks? With all the debate about the details of NAMA, whether it leads to the tax payer or the shareholder getting burned, what value will be set for the assets used as [...]

In time, the acronym NAMA may enter into everyday language, much like Catch-22. But we don’t know,yet, with what inflection it will be used. It could end up something like this:
‘Go NAMA off, you low-down, double-dealing, good for nothing son of a NAMA!’
Only time, Peter Bacon and Brian Lenihan will tell. Early indications aren’t encouraging. [...]