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Bailout billions

February 17, 2011

By Staff Reporter

Irish taxpayers, who now find themselves the lender of last resort, bankers to the bankers if you will, got an inkling Tuesday when Irish finance minister Brian Lenihan announced in the D_il the first acquisition of toxic loans to be taken up by the government-created National Assets Management Agency.
NAMA, as it is known, will acquire more than 1,200 property loans with a value of

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