National Assets Management Agency

Im the guy in the yellow coat! Well i may aswell be because up until 5 minutes ago i didn't have a clue what NAMA was. Im sick of people talking about it and then a have to nod my head in agreement because im to embarrassed to admit i don't have a clue! So thanks to the wonders of Google i now know enough to at least appear like i know what im saying. So NAMA is a bank from what i understand, but not a very good one. In my opinion banks are supposed to make a profit at some point like any other business. By the looks of things NAMA isn't going to do that. Pretty far from it actually. Apparently banks like AIB, ANGLO IRISH LTD and a bunch of others went a bit lending crazy! Kinda like this guy.
But with Euros!


So now they've got all these loans that people cant pay because of the World Famous Recession. Its a juicy one. Everyones broke. But no fear NAMA is here! There going to take all the land and property loans so banks can start lending again. They love doing that. Kinda like getting them bad christmas presents.
Like this guy!


I hope with the help of a couple of pictures that i could help some of you other confused people. Oh and just so ya know. Mr. Taxpayer a.k.a YOU! has to pay the cost of all this mess!