Nama is dead: we’re on a special purpose vehicle


31st October, 2009

That is the word for it, though perhaps it is naive to find anything done by this government believable. What Brian Lenihan, Minister for Finance, has done these last few days on Nama, the bank rescue agency, is almost unbelievable.

It is certainly unbelievable that other members of the cabinet knew what he was doing - or if they did, that they understood it. There is no way the Green Party ministers could have approved...

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