Nama

OK so I'm going to talk about what I know about NAMA. I have a feeling this is going to be a short blog because my knowledge of what the concept of NAMA is, is low. My basic understanding of NAMA is that because of this economic downturn Ireland is in trouble financially because the banks lent out too much money during the time "boom" period and there not getting their money back so now an outside bank is going to come in and help so the Irish banks don't go bust. I'm not sure if that is even correct but that is my understanding of it. I know I'm studying business and I really should know a lot more than what I do but I think aswel it's the fact that it doesn't interest me in the slightest. I zone out when I start hearing about debts and percentages and also I don't really understand the jargon that is used when you start to read about it. I think it should be broken down into plain simple English so people can try and get a feel and understanding of it. It reminds me of the Lisbon Treaty. I wasn't 100% on what that was totally about so I did go and try educate myself on it but again it was extremely hard to read. I do think though NAMA will need to be introduced. How else are we going to get ourselves out of this crisis. It might only get worse if its not implemented. I guess we'll just have to wait and see...