Developers have Nama in the crosshairs
Well known developers are taking a case against Nama to Europe
Ian Kehoe
How will history judge Nama? It is a question that I have been pondering a lot in recent months as Nama intensifies a dramatic metamorphosis from a manager of toxic loans to a developer of national infrastructure. To its supporters, Nama has managed to stabilise the property market and encourage inward investment while delivering a multibillion-euro profit. For others, however, Nama has mutated into an uncontrollable, unaccountable beast that has stifled residential development and allowed...
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