National Asset Management Agency (NAMA)

Right now, I dont honestly agree with the government approach to the bank situation. I'm of the opinion that the banks got the easy bail out, even though they squandered all their resources for greed alone. They didnt need to buy out the loan books, yet they threw caution to the wind and went for it.

Now, their selfishness has caused them to lose everything. Lack of loans being administered into the Irish economy stifled any growth. We've hit a huge economic recession and we need any solution to it to get things back on track. Whilst I dont think it is morally just to support the banks for their wrong doings, I feel as though the government took the right step in bailing them out. Another thing that I thought should have been commended was the fact that Permanent TSB lost everything because of Icelandic contracting companies, not because of their greed for housing books from the states.

They are a bank geared towards family and safe loans. Yet they lost out and are thrown in with the other banks. Government should realise what banks did which whilst they're taking shares within them. Eventually they'll realise that not all banks should be painted with the same brush. NAMA is a good concept, a back way out of a tight situation, but still a good and decent plan. It wont bankrupt us, and we know we can drag ourselves out of this crisis.

What I think it will do more than anything is give Ireland a bit of a slap. We were getting ahead of ourselves and now we've realised that we cant take so many steps ahead. Hopefully this will spur our economy to grind forward slowly, and then we can make reparations and recover completely.