Redraft of NAMA legislation this week...?

[yehbut_nobut]

he Government will reportedly publish a new draft of the NAMA legislation this week which incorporates greater risk-sharing between the tax payer and bank shareholders.

According to newspaper reports, the move is in response to Green party leadership concerns that party members will not back the NAMA plans.

It is understood the new draft also has a ban on political donations from big businesses.

[COLOR=#000000]New draft of NAMA legislation to be published | BreakingNews.ie
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I wonder is that last bit the real green-sweetner to get this through? Seeing as it's doubtful if any business would support them now in any case, FF may feel its the least of their worries at this stage.

[BodyofEvidence]

Be very careful of the spin....or SPiN. See here The Irish Economy Blog Archive Government Adopting Honohan Plan? for a detailed discussion.
It looks probable that the goovernment will give the banks (not the shareholders as Honohan proposed) subordinated debt (not equity as honohan proposed) in NAMA. They will sell and spin it for all the world as though PH wrote it (and of course he cant say a word now or he would destabilise the government) when in fact its a mutant version of same.