Is NAMA bailing out private pension schemes?

S

Shawady

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When NAMA takes over the bad loans from the banks, it is likely their share price will continue to rise. I'm not familar with private pension schemes but I would have thought banks were always seen as a safe option and many of these schemes have probably invested heavily in bank shares.
Is NAMA (the taxpayer) basically taking a big risk to the benefit of private pension holders?

I'm just wondering if there are a lot of people that may have little faith in NAMA working but are happy to see it proceed for this reason.
 
The tax payer is taking a big risk for the benefit of all bank shareholders.

This includes pension schemes, managed funds and other private shareholders. ( I personally am in all three categories).

That is why Nationalisation is needed. So that the tax payer gets the possibiltiy of a return on the risk that they are taking.

Brendan
 
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