NAMA to allow Developers to walk away from debt.
RTE This Week is just reporting that developers in NAMA will be granted debt forgiveness for part of their debts - up to 40% from the example given. They are saying that the terms are a lot more attractive than bankruptcy. If this happens it will be the polar opposite of Lenihan's claims that the agency wouldn't be a bailout mechanism for developers.
Gangsters, swindlers and parasites ---- 1
Taxpayers ---- 0
EDIT: Could a mod remove the second 'to' from the title please.