ah grand. I get it now
Thats 46.2 billion of shit loans folks.
Estimated current market value is 47bn!!! hahaha.
15% added for LTEV
He just called the bottom.
estimated market value is 47 billion
for buying 54billion
originally at 77 billion
But the full figure wont be revealed until the legislation passes…
Fall in values of 50%?
Yields at historic lows he claims!!!
yields are above their long term average apparently
we are here to help the economy and people
One for the Glossary “Rational Prices”
Paying too little risks the economy, and “now is not the time for risks”.
he’s referenced benanke
putting out arguments to use LTEV
gonna use risk sharing using sub ordinated bonds
Look at John Moloney trying to look as if he can read
5% at risk
estimated NAMA will only have to achieve 10% uplift in current market values to break even
Ignoring funding costs and other expenses
borrowers personal assets will be taken by NAMA
Oh well, It was a nice little country we had once…
Shocking plan. Shocking presentation.