Nama is only part of solution
If the state’s intervention is to succeed, there must be a major revamp of the banking system
High Court judge Peter Kelly told it like it was. In refusing Liam Carroll’s bid to put three of his property companies in examinership last Friday, he said that projections from the company and its advisers - that its properties could be redeveloped and sold on, turning a situation of current insolvency into a €300 million profit in three years’ time - showed a level of optimism which ‘‘borders, or even trespasses, on the fanciful’’....
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