Time to probe the Project Eagle loanbook

Why is the government still silent about Nama’s Northern loan sale controversy?

Ian Kehoe - avatar

Ian Kehoe

29th September, 2015

It is a tale of two controversies. In June, following a period of sustained pressure, the government announced a formal commission of investigation into the activities of the IBRC, a bank that was state-owned and had direct reporting lines to the Department of Finance.

It was a reactive, knee-jerk move designed to take the heat out of a growing political situation rather than through any evidence of wrongdoing. Even Michael Noonan, the finance minister, has...

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