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2012-04-13 — bloomberg.com
Ireland's National Asset Management Agency is turning debtors into landlords as it seeks to recoup the 32 billion euros ($42 billion) it paid for commercial mortgages after the real-estate market collapsed.
The agency, created to purge banks of toxic property loans, has forced debtors to find tenants for 4,000 empty apartments, the legacy of a real-estate crash that led to the country getting a 67.5 billion-euro international bailout in 2010. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |