Irish bad bank law published

The Irish government has bowed to criticism of its bank rescue plan, September 2009, amending the legislation to ensure the banks share in any future losses the state incurs in selling off the banks’ distressed property loans.

ESO: Background information: Irish bad bank faces difficult birth pains http://www.europeansources.info/record/irish-bad-bank-faces-difficult-birth-pains/

Irish Times, 11 9.09: Bill will stop banks from writing off all Nama losses against tax http://www.irishtimes.com/news/bill-will-stop-banks-from-writing-off-all-nama-losses-against-tax-1.735545?mode=sample&auth-failed=1&pw-origin=http%3A%2F%2Fwww.irishtimes.com%2Fnews%2Fbill-will-stop-banks-from-writing-off-all-nama-losses-against-tax-1.735545

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