So what ways could shareholders be protected under NAMA ? Well who will benefit if taxpayers lose? Shareholders/bond holders. Can NTMA buy options on bank shares so that if the banks benefit hugely then taxpayer can cash in bonds? Can we make all those in favour of NAMA take a stake in NAMA ? Make every TD voting for NAMA put 250k into NAMA bonds or ake their salaries for rest of government in NAMA options/bonds?