"The risk that the taxpayer does not bear a disproportionate burden"
In a recent IMF report on Ireland, point 47 of the "Staff Appraisal" (p. 28), dealing with a proposed "National Asset Management Agency" (aka "Bad Bank"), reads: 47. With regard to NAMA, risk-sharing structures should be considered to address the well-known pricing problem. The pricing of distressed assets is complex and can slow down the […]