NAMA will purchase both the good and bad property debts of banks - at what price - nobody knows as yet. We are seeing a multitude of banks bringing cases against property developers through the commericial court for repayment of debts and their personal guarantees on loans. This may seem a stupid question - its something just occurred to me - when the good and bad loans are transferred to NAMA, are they vis a vis the State going to have to pursue the developers for repayment of these bad loans through the commercial court - and if yes - will the State - and not the banks - be the ones that will be financial liable for taking these cases to the commercial court?