Daly: Bank lending practices were "appalling"

Nama boss Frank Daly has said some of the country’s banks’ practices were "appalling" as they pushed lending during the property bubble.

3rd April, 2012

National Asset Management Agency chairman Frank Daly said some of the country’s banks’ practices were "appalling" as they pushed lending during the property bubble.

"There was a real push to get the money out” during the

boom," Daly said in an interview with Today FM, adding that banks took the view of "let’s worry about the paper work and the security afterwards."

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