Nama shift reveals Anglo’s pitiful state

Finance minister Brian Lenihan shed new, even more disturbing light on the pace of Anglo Irish Bank’s deterioration last week as he unveiled a radical change to the bank’s dealings with the National Asset Management Agency (Nama).

2nd October, 2010

Finance minister Brian Lenihan shed new, even more disturbing light on the pace of Anglo Irish Bank’s deterioration last week as he unveiled a radical change to the bank’s dealings with the National Asset Management Agency (Nama).

Lenihan turned up the heat on the pace of Anglo’s Nama loan transfers, signalling that the process would be complete by the end of this month - far sooner than the previous timetable, which...

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