Assessing the latest announcement by Nama chief executive Brendan McDonagh is not easy. McDonagh said the agency will provide vendor finance on every loan sale it makes this year.
In an interview published in this morning’s *Financial Times* he said it was an attractive option for buyers. How do we make sense of this? Lets interpret it negatively first of all:
**1/** The property market is still so bad and the banks are...
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