Super Tuesday – NAMA & Live Links

NAMA First Loans

47% discount across the board (1st Tranche).

€81bn worth of loans (in total).

Cost of NAMA haircut = €38bn (estimate).

Update Adding the haircut and the recapitalisation costs together doesn’t make sense, so I’ve removed that calculation.

Consensus view seems to be €32-33bn recapitalisation costs. Per Philip Lane at Irish Economy.

The current projection is that the State injection into the banking system will soon stand at €33 billion or so …

€33 billion is about 22 percent of GDP (26 percent approx of GNP).

This is broadly in line with doomsayer Morgan Kelly’s estimate of €30bn in September 2009.

RTE Radio
RTE Live
NAMA text tracker
NAMA on thepropertypin

See also recommends

David McWilliams on the Keiser Report